PEB - Pacific Edge Ltd

[sharp]

Disclosure. I bought in today.

[MAC]

I hardly think the company chairman need explain himself for what short term traders do or don't do ?

[Bobcat.]

Looking today to see a knee bounce off 64c - and so have a bid on market accordingly. It could bounce off its current price of 65c but I'm picking a bit more volume than 750k is required for a pivot and momentum shift. When it dropped to 69c last June, we saw 2m traded.

If I'm wrong and it weakens further (which is unusual just before an AGM) we could see it bounce off a double bottom at 62c. Either way, with a stop loss at 61c, I can mitigate the risk well enough at these prices. More potential upside now IMO than anything more serious coming over the next few weeks that might continue the downward pressure of late. The AGM next Thursday may well have a pleasant surprise re Sales progress in the US.

Trading accordingly.

BC

[Balance]

I hardly think the company chairman need explain himself for what short term traders do or don't do ?

Haha - definitely no.

Chairman will be questioned by a really pissed off shareholder about his 'tens of thousands' of tests comment.

[sharp]

Looking today to see a knee bounce off 64c - and so have a bid on market accordingly. It could bounce off its current price of 65c but I'm picking a bit more volume than 750k is required for a pivot and momentum shift. When it dropped to 69c last June, we saw 2m traded.

If I'm wrong and it weakens further (which is unusual just before an AGM) we could see it bounce off a double bottom at 62c. Either way, with a stop loss at 61c, I can mitigate the risk well enough at these prices. More potential upside now IMO than anything more serious coming over the next few weeks that might continue the downward pressure of late. The AGM next Thursday may well have a pleasant surprise re Sales progress in the US.

Trading accordingly.

BC

I too have taken the same approach. I am truly "well" invested with PEB thanks to the sell-off today.

My opinion is that it is not unusual to see some volatility before an AGM.

[nextbigthing]

Looks like they're not finished unloading just yet...

[skid]

Seems to be plenty of exposure for Cxbladder online for a product that’s in its first year of commercialisation, should be quite a lot more after five years.

It would be interesting to ask Jackie Walker if Pacific Edge should pursue FDA approval, understanding that it’s not necessary, but just because it may be one less matter for the sales folk to clarify when door knocking, and the FDA do seem to want to head in that direction also. Such things can do no harm.

Didnt realize it wasnt necessary for FDA approval--my mistake----but where is all the exposure you mention?
Maybe Im just not looking in the right places. 9Im assuming your talking about USA.

[sharp]

Looks like they're not finished unloading just yet...

ForBar will no doubt picking up on some of the sell-off if they follow their analyst's report on PEB.

[MAC]

knock, knock, knock, knock, knock, knock, knock, knock, knock

For the benefit of any whom may be mislead, although I really do doubt many take any notice of knockers;

Pacific Edge do not have FDA approval because the FDA do not provide approvals unless a biotech company operates laboratories in more than one state, or if the test activity is performed outside of a laboratory potentially across multiple states, eg: a test that can be performed at home, potentially anywhere.

Pacific Edge are required to have CLIA approvals, which they do have, as administered and provided by CMS.

The FDA does though develop rules and provides guidance for CLIA.

Unlike knockers, US insurers know what FDA, CLIA, and LDT mean.

[Wolf]

Seller at 0.65 keeps reloading decent blocks. Someone offloading?