Hi Birmingham,
You said,
"I have some experience with biotech companies".
**May we ask, since you have stated, In what context have you had experience??
When I came across PRR, I couldn't believe this stock is still trading at this level despite all its achievements, commercial production, sales...
**A stock trading at such low levels doesnt send off warning bells?? You understand the company has a cash burn and is not cash flow positive???
I saw PRR was also tipped in a share magazine some time ago and recent fall from 0.28p level is mostly due to sell advice from the magazine. And the sell advice was based on chart.
**When the price was 28 and capital raising done, you do realize that the stock was in a strong downtrend??
The recent fall from magazine advice means that all those people had bought on their advice, if it was to drive the price down.
I believe it will be tipped again by the same magazine as it is in its watch list. I am not sure if you are aware of the magazine which tipped PRR.
**Well they tipped it well last time if thats the case, wonder if it will be such a great tip again???
After all, when the SP is so low, when we are expecting sale figures and other updates, it would be rude not to invest in or top up... Do I care If SP goes lower in the short term? not at all, upside is huge in the long term.
***Here is food for thought, Wouldn't you much rather buy a stock that is about to hit a high rather than one thats about to hit a low???
Cheers
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Open | High | Low | Value | Volume |
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21 | 236808 | 0.305 |
27 | 536332 | 0.300 |
12 | 184404 | 0.295 |
11 | 293739 | 0.290 |
Price($) | Vol. | No. |
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0.315 | 66891 | 11 |
0.320 | 91031 | 13 |
0.325 | 75385 | 5 |
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