OMG... isn't it incredible how one poster's opinion can ignite a veritable rampaging fire!? Let the negativity and conspiracy theories multiply just so those doing the accumulating can potentially feather their nests some more. Whilst the noise on HC may not have that much bearing on the SP of a stock, it can facilitate the transfer of wealth from weak holders to strong holders. One look at the recent price action and the chart tells us that the volatility has almost gone out of the stock and is trending up nicely. Isn't it clear that traders are wanting more volatility and LT holders are wanting pullbacks and why? The casting of aspersions over SYC's performance rights is a ripper too.
As if the PR, webcasts and promotion has been about SYC's vestiture of performance rights and nothig else. FGS, get a grip, people. That argument suggests a self-serving agenda that belies all the great stuff the company is achieving. And, if that's the case, then lets hope the SP gets an orchestrated push up to 35c so that Dr Rebecca Lim gets her money too (or rather a bunch of unlisted oppies that are worthless unless she coughs up big bucks to exercise). The SP is moving north and the sentiment on HC as of yesterday is an indirect correlation.
My take is that the company has been working hard to get the message out there to all and sundry in order to get the exposure it needs to attract prospective partnerships! An increased Mkt Cap also looks more impressive in the corporate world. The HC minions who don't like the 29c SP figure (or pretend to be offended by it due to the correlation to performance rights) and expect others to think the same their heads read. The fact is that the company is working hard to find and attract collaborators. That's the reason for the recent presos.
The fact is, the negativity and silly squabbling as to why the SP is going up and why it should be going down next week is IMO based on a bunch of self-serving agendas and the resultant FUD having been planted in posters' heads. All this BS started with posters bringing up the CR topic, then came the potential macro risks, the fact that the SP is going up without the impetus of company announcements and, last but not least, the casting of aspersions about SYC's performance rights. FGS, get a grip, people!!! What happened to the great fundamentals behind the stock and the great looking chart??? Lol
@threebeez, I'm glad you and @dalts66 are on the same page! As for your opinion on the broader market environment, there's been some contrarian views expressed in the media (which I'll post in a separately) that align with @BigDaniel's opinion. The Dow Jones closed in the green last night, so the US markets don't appear to be fearful of the BIden/Republican clash over the debt ceiling/budget expansion expected next week. IMHO, I just can't see the US not raising the debt ceiling because we all know what that will mean and there is NO WAY they will let the US be plunged into a recessiion, especially with China teetering on the edge of economic mayhem if they don't prop up Evergrande.
The nation leaders know that when corporations get too big, they become too big to let fail and neither China nor US want another GFC. Yes, they have painted themselves into a corner, the markets know it and they know it. The amount of debt that the US is just mind boggling. The figure is that enormous that it has become meaningless, IMO... just a number with that many numerals that it won't make any difference how many more they add to it. And, the only way out of it is with a strong economy. The fact that the US, as you pointed out, will start removing stimulus next year, is what we need to hear and the markets have been in the green since that statement. It means that their economy is improving. Same as the talks about raising interest rates... there was a bit of initial pullback in the stockmarkets, but look it is now. The markets simply want to go up. Low interest rates, commodity surpercycle and an economic war going on between major powers - not a time for either China or the US to inflict economic turmoil on themselves.
Sorry, 3beez, I know it pays sometimes to err on the side of caution, but PTX is a company whose SP may well be sentiment-driven at the moment, but I see that as a direct result of the right exposure and investors wanting to get in before the next re-rate.
PTX Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
