PCK 0.00% 3.0¢ painchek ltd

Ann: Market Update, page-218

  1. 5,209 Posts.
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    From what I can tell the sell down from 4c was due to one very simple line in the December 14th announcement.

    "The results of the trial are now being analysed and are due for release during February 2017"

    The holders with a shorter time frame knew that there was nothing coming which would stimulate the SP until Feb so sold it down, a few stops would have been hit compounding the effect of the "exodus of the impatient". Now that we are nearing Feb we know that the news tap will be cracked open again, IMO we will see a return to the 4c mark over the coming weeks as the expectation grows, positive news flow and things should really heat up.

    Seems like a good time to be ensuring appropriate exposure is gained.
 
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