I think Wasa has summed up possible sentiment very well. I am expecting a conservative reaction to a +ve HD result as these will be the first real results for PBT2 as an HD drug. There are plenty of recent examples where early results hardly moved the market. A few years ago, any announcement that showed a slight +ve sentiment resulted in re-ratings. Now your lucky to see a small, short-lived gain. It's therefore likely that this will take a little shine off Prana until we get closer to the AD results everyone is really waiting for. I will continue to hold long... it would need a courageous investor to try and take advantage of HD results at the moment. As I stated, I'm not really expecting huge news for HD, but you never know...
PBT Price at posting:
71.0¢ Sentiment: LT Buy Disclosure: Held
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