re: from glasgow icetrader PBI price has been relatively stable since August 04!
A rough indication is a trading pattern between 33 cents and 37 cents with minor variations on occasions.
That price stability is not a problem.
TA people might indicate this is a "consolidation period"?
Management have not been buying or selling their holdings - I believe?
Company has put into action a "buy back" - which should also be interpreted as a sign of strength.
It appears to me that all is in order.
Management steadily progressing towards commercialisation of products - which always seems protracted and uninspiring time taking period.
Must be a difficult process as companies into this stage usually bring out many HC posts complaining about perceived lack of information from management and when time continues without achieving marketing agreements "characters" come out of the jungle and start labeling the companies as "dogs" or whatever.
It does appear that achieving the marketing of the products in a manner which achieves maximum benefits for share holders is a protracted and lengthy process - Tis a similar situation with many other companies.
A steady share price suggests market confidence in this company.
When management is close to achieving a marketing agreement the share price and volume will increase significantly.
TA people would possibly be watching for a "break out" and this would be a BUY signal.
(I am not into TA so forgive any errors in these comments)
For the time being PBI holders should do a Rip-Van-Winkle and take a long sleep.
When developments happen the alarm will wake!
Cheers,
NT
PBI
premier bionics limited
