Or even a takeover offer of 6.70 US
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I was just reading this:
http://www.nzherald.co.nz/business/n...ectid=11178639
And quote:
"Swann welcomed Obama-care, but the legislative changes mean Pacific Edge has to wait longer and make changes to gain CMS accreditation, though he is hopeful it will be through early next year."
Hey klid remember that article was at the end last year so he refers it early this year the changes to meet the requirement.
The longer the price sits at these levels the more I'm buying
Fundamental preoccupation will prevent you chaps seeing the technical signals to buy or sell. I sold out 10 days ago when the RSI broke 90% (which is very high). It's now just under 70%, with support confirmed at 160c but with a head and shoulder pattern producing resistance just south of 170c.
DJIA and S&P500 charting also of course come into play.
One sound strategy is to buy in at 160/161c but with a stop loss at 157/158c (putting very little capital at risk for the potential benefit of already being on the wave to ride when there's an announcement).
An alternative strategy is to wait until after an Equity market sell off (and mild panic) takes PEB's sp under 160c, through its stop losses, and down to test a psychological support level around 150c.
A third strategy is to continue to hold (if in fact you are) watching a bit nervously any slide, hoping that it's not long before it (eventually) turns upward again.
Anyone care to propose another strategy?
BC