I have considered selling my bigger holdings in MRP :t_up:
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Eternal optimism is endearing, though few here would wish you to lose your shirt by selling quality, for the sake of hope for a payday that is not obviously coming any time soon. Some though will trade the likes of your optimism with impunity and gloat at the naivety that earned them a payday. Beware the market as it has no emotion, no bias, no feeling, it is, it gives to the alert and takes from the hapless.
The volatility of PEB's share price, based off almost no reason what so ever (except possible "old news") is a direct result of emotion, the massive swings from 40c to 35c then back to 40c is nothing but feelings and emotions.
The small guys (the retail investors - the emotional ones) lose out, as the institutions 'swoop' in to snap up what they must perceive are incredibly cheap shares.
I think your comment Baa_Baa, although generally applicable to many shares on the NZX (or any market) could not be further from the truth with PEB - PEB's shares are nothing but emotion these last few days, particularly today.
Good luck with that TJ, the 'market' loves you emotionally attached guys, honestly. If you're sitting at the poker table with a bunch of professional poker players and you can't see the patsy at the table, guess who the patsy is? Just be careful TJ, that's all I'm saying, it's not advice.
I understand where you are coming from, all I was trying to say is that I believe it is emotion that is driving these wild fluctuations right now (either that or potentially insider trading, but I would like to think it was not the later)
As I have said for months, lets just have a coffee and wait for results, its really not that far away so the fact that people are 'seemingly panicking this far out' only servers to add that emotion is the key driver of the share price right now
Take from it whatever you want.
http://ir.neogenomics.com/releasedet...leaseID=939146
"Average revenue per test decreased by 11.6%, primarily due to significant decreases in reimbursement for Fluorescence in-situ Hybridization ("FISH") testing,"
Not sure if this will effect Cxbladder, but useful to keep in mind.
Also found it interesting reading over last years report.
http://ir.neogenomics.com/common/dow...port_Final.pdf
Investors need to understand the difference between Revenue Vs Cash Flow.
Apparently there is a period where Test Sales drop off.
"The majority of our testing volume is dependent on patients being treated by hematology/oncology professionals and other healthcare providers. The volume of our testing services generally declines modestly during the summer vacation season, year-end holiday periods and other major holidays, particularly when those holidays fall during the middle of the week. In addition, the volume of our testing tends to decline due to adverse weather conditions, such as excessively hot or cold spells, heavy snow, hurricanes or tornados in certain regions, consequently reducing revenues and cash flows in any affected period. Therefore, comparison of the results of successive periods may not accurately reflect trends for future periods."
Also Talk about the FDA becoming more evolved LTD's, still need to chase this up. but things move soooooo slow in this industry no need to hurry.
Quick Question, is the last publication a Monthly thing now? Only reason I ask is DB has Monthly beside the Title in the News Tab and November is plastered at the top.
Thanks in Advance to any answers!
Hi TJ - absolutely agree - this share price is driven by emotions (well ... greed and fear) like any other stock, but probably more exposed to them, given that the "fundamentals" are not tangible, but based on faith and hope.
Nothing wrong with that, most startups have to go through this phase. However worthwhile considering that the PEB startup phase turned already a teen in February this year (13 years - did they celebrate?), but still not much more to show off (in financial terms) than empty promises and consistently negative cash flow popped up by regular capital raises.
Seriously - how long do you give a company to turn cash flow positive? 15 years since inception would be for PEB already an incredible optimistic forecast. How much more - 20 years, 25 years, a life time?
There is no doubt that there is emotion involved these days tJ--If you want to try a gamble with trading ,its your decision.
There are reasons for the emotions. Probably the most obvious is the update which many are not impressed with--Are you?
Others have been watching their investment slowly disappear and have had a guts full (which is fair)
Before the catch phrase was ''traders''vs long term holders (the good guys)--Now its ''retail traders'' (Thats what you and other posters are) vs Institutions (yep the big boys will always have the advantage)
The only recent news of insto action is first capital who were involved in the capital raising @.60--If they have held a chunk at that price then they are averaging down,in a downtrend--You gonna put your faith in that? Size does not necessarily mean they know what they are doing-or if they do ,for what reasons. Forbars record up to now (with PEB)has shown that. First Capital are uncomfortably close with the Cap raising to bet the farm on.
If your thinking longer term than trading (on the emotions) then you have to look at what is going to make the SP rise or whats going to hold it here.
I find it strange that they(PEB) have already all but eliminated the chance of a big leap in sales revenue with their statement on lab tests.
It changes the question of whether this will be the leap forward to -will there be a small rise or will it hold..to how bad is it?
They could get a bit of traction on announcing a new partner in OZ,but IMO it would have to be someone bigger and better than the last.
Its taking a while (I would have thought they would have secured something before burning that bridge) But Oz is just peanuts anyway.
Things in the States appear to be ''drifting'' like the SP.
The share price looks cheap compared to before ,but that was in the mindset of exponential leaps forward-taking america by storm.
If that ever happens, it is surly a fair bit further down the road as Kaiser(the big hope) is having trouble scraping together enough participants(the weather?)
You can make blanket statements about emotion and retail shareholders but the above, are real things that (although i may be wrong)are worth considering