Yes, certainly been crushed in past three days in particular. As I said previously I think the drop from placement price of .31 to .24 was on pretty much volume of only 100000 or so, but this week has seen big dumps at .20-.22 .... perhaps tax loss selling, perhaps disgruntled placement holders are getting nervous and dumping .... I can't see any reason for such a stampede for the exits .... nothings changed here .... they have cash, pipeline of products in both pulmosonix and medicvision revenues on the way, government support via research funding, their pulmo devices are designed to fill gaps in clinical needs, cochlear director on board (and i note parker's cochlear mate-ceo is on resmed board - a major target for pbi commercial deal) .... certainly a worry if you wanted out fast, but i think pbi's chart will look like slt's after te big sell down this time last year .... woosh in the new financial year. Also note that there are lots of chancers lining up on the pbio buyside. suggests that they think this is a good bet for making money down the line ....
There's good news coming. its a hold imo
PBI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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