IMO along with the -ve sentiment around the stock there was a significant selling pressure coming from a single source.
My suspicion (IMO) was that one of Paragon cares large option holders has either had a large tax bill/passed away and the estate has been given it to a heartless broker who may have elected to sell the majority of the holdings in the options prior to the exercise date of these options in May 2012, and have elected to do this by smashing it out on market (demonstrated by many parcels at similar quantities)... hence the significant sell side pressure prior to option expiration... now buyers and sellers are feeling a little shocked after the recent price action!
looking at the fundamentals over the period of this companies turn around:
*Revenue has been up on the corresponding periods on every occasion *EBIT up on the corresponding period on every occasion *And NPAT up on the corresponding period on every occasion
Also given the latest bed deals I looking forward to some healthy looking reports/fundamentals in the yr end reports!
PGC Price at posting:
21.0¢ Sentiment: LT Buy Disclosure: Held
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