Fair enough, everyone has a different threshold I guess, and as you say you can always dive back in if you need to.
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Correct me if im wrong but when I bought in just before the announcement last time,right about that time they made an announcement that someone had come on board(Id have to check to see who)but the sp opened higher(as you would expect),but then through the day dropped significantly.
Soon after the disappointing announcement came.
This may have been for some other reason(the drop),but it was always a bit strange to me.
To be fair ,its just drifting (downwards)-(not major drops)--It may well be a case of ''once burned twice shy''---Guess we'll find out soon
And well, that’s the thing isn’t it, the upside potential for Pacific Edge is just so dammed enormous, as is the valuation range, hence Edison’s present determination of $0.46 to $3.91.
The prospective Kaiser Permanente contract covering 9.5M users is worth up to $30M p.a in revenues.
If PEB were to announce that they had signed up a United Health Group size HMO tomorrow with 85M users, the share price would probably blow right through $3.91 pretty quick.
Pacific Edge could quite easily be a $5 stock within just a couple of years, that makes the risk of being out way greater than being in, esp when the SP is so low in the range as at present.
Early probing retail sales to independent urologists matter five eights of bugger all, it’s progress toward seating the big wholesale HMO contracts that is important.
I don't know when you last bought in Skid, but the last announcement was 16/9 when Charles Sitch joined the board.
There was no great change in SP that I can see?
I'm not sure that what you describe is very unusual for the sharemarket.
There was vol and price movement after the Colorectal announcement, but nothing out of the ordinary beforehand.
That's what they all say when it comes to upside vs downside - especially when it comes to speculative investments like mining compsnies too for eg.
I prefer to judge a company by its progress against indications and forecasts made by management and directors.
Edison is but another mouthpiece of a company - paid for by the company so do be careful.
80 cents down to 10 cents still mean nearly 90% of hard earned money down.
And just in case anyone is going to bring up the 'knocking' scene again, please don't with this poster - I make my view with the stock clear and act on my view.
MAC and Hancock, your presence on Truscreen thread would be appreciated for information.
You can join too if you wish Balance :D :D :D