And today's performance (so far) should be added to your...

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daveg

2,172 Posts.

199

02/06/17

11:19

Post #: 25060524
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Originally posted by panorama ↑

Very much appreciate differing opinions and yours no differently. I do however find it slightly disingenuous however to dismiss how destructive the large fund's selling has been on the SP. Unfortunately, by there very nature, IPOs invite funds to quickly realise gains and brokers do their very best to fit IPO participants whose horizons are long enough to support the SP. This has obviously not happened in the case of one fund involved in the LifeSpot IPO as it has been reported that they have sold and it has had a heavy impact on the SP and by extension retailers buying near the peak. Yes the fund's selling out could have been handled smoother by Peak but they can IMO be forgiven somewhat given their brilliant track record.

Unfortunately for some retailers, they bought big in the high 20s and low 30s and then the heavy selling occurred lower still. This combined with some uncertainty (until recently) on the pathway to revenue and timelines further encouraged stop-loss selling among other reasons for selling i.e. tax-selling and distressed-selling by burnt uninformed retailers.

Now that more information has been released on myriad revenue streams, the ongoing deep the deep negotiations taking place and the confirmation of revenue timelines, this is why I suggest the next 6-18 months will be positive.

IMHO of course Dave.

All the best to you

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And today's performance (so far) should be added to your 'learning' file.
It's all well and good on come on to HC and ramp away, but you are well off the mark to think HC punters will do the heavy lifting.
That's Peak's job.
When they actually find some genuine buying is the time to ramp, then you might create some FOMO.
$11K traded today, come on Peak, get on the phones, ring around drum up some buying.

LSH Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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