PCK 2.94% 3.5¢ painchek ltd

Ann: US nursing home study to pave way for FDA De Novo clearance, page-13

  1. 124 Posts.
    lightbulb Created with Sketch. 46
    Ask any famous investor and they'll all highlight how luck plays a role in investing. It sounds like they bought early on at a very low price on fundamentals and potential and then luck played a role and a wise decision was made to sell. It sounds like you bought at an extreme valuation after luck played a role and the stock rocketed. You're right to average down if your thesis remains in tact but don't be blind to the possibility of catching a falling knife instead. Clearly 'the technology and their market' has not served you well. The shares on issue is quite ridiculous now but good luck.

    Great ann by PCK. FDA approval looks like a certainty and that will keep holders on the register whilst attracting more who have patience. Looking to buy before year end pending; funding & continued growth rates.

    Cheers
 
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