PNV 1.06% $2.33 polynovo limited

Revenues definitely headed in the right direction. 4.75 seems...

  1. 51 Posts.
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    Revenues definitely headed in the right direction. 4.75 seems incredibly ambitious but the log chart takes the "exponential" out of the price scale - and if the market sees the ROIC improving the same way that it has over the last few years can see where the channel points.

    My concern with that chart is less about where the upper bound of the channel is, and more about how far from the current price the lower bound may be - depends whether you take a parallel channel or not. I have no idea. All I can see is big volume, price drop, shorts up. Hopefully Q3 sales data incoming but we've also got a history of "sell the news" even on positive data.

    I guess I'm playing devil's advocate. The more time I spend in the market the less optimistic I get. But ultimately none of this has to do with the fundamental's of the company - I personally think they are phenomenal.
 
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