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Going off the topic of PRR for this post just to expand on the 50%, back to PRR then.

lucifuge said:
Important to point out here, that as interesting as the 50% level is, it is NOT a Fibonacci retracement level. Presume its included as a guide.
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Fully aware of that, it is however a significant level that must be considered when looking at retracements.

Example below (click to expand)
 

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Could be breakout week this week for PRR.

NASDAQ listing inching closer, and that's going to create a whole new pool of buyers in the very tech savvy NASDAQ.

Plenty of US investors will have seen what happened to Dendreon and Provenge and see the potential of PRR.

Last NASDAQ listing I was involved with was UNS. They started trading on the NASDAQ five trading days after they received approval to list.

So we could be in a trading halt at 10.00am tomorrow and trading on the US markets next Monday.

I'm not even going to hazard a guess on what sort of price driver the US listing is going to be. It all depends on the US investor demand I guess.

Lets wait and see.

:D
 
Boggo said:
Going off the topic of PRR for this post just to expand on the 50%, back to PRR then.
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In the example (USA) presented, if you look at the CLOSING price of the low (23 Nov) and high (24 Dec), the retracement on the 5/6th Jan was actually around the 38.2% mark... NOT 50%.

And the CLOSING price of the low (5 Jan) and high (19 Jan) resulted in a retracement on the 24 Jan to the 61.8% mark. :)
 
Does anyone remember how NASDAQ listing effected some other ASX stocks pricewise in the short term? Some posters mentioned a couple of stocks that went onto NASDAQ. Just curious, not that things have to happen the same way with each stock.
 
Has a specific date or date range for the Nasdaq listing been given? Im new to the thread but had thought that the Nasdaq listing hadn't progressed that far. I thought it was only in the pipeline and they had yet to complete the necessary paperwork etc.

Cheers
 
There isn't a specific date; you have to appreciate that Prima Biomed submit all requirements for NASDAQ listing and are at the mercy of that process. However.....

I personally rang them Wed a week ago, maybe the 26th Jan if I remember correctly. I rang a few times but these guys are flat out. On the Friday of that week a director spoke with me personally. I asked specifically about the NASDAQ issue; was it proceeding as planned, how long would it take and to what extent it will actually go ahead. He was very helpful but it was hard to miss the frustration; as if he'd answered the question many times before.

He told me it was moving ahead faster than previous applications he had been involved with, significantly faster (i didn't ask the time difference), and that it was a 'done deal' and it is simply a question of time/formalities. :)

ob1kinobi said:
Has a specific date or date range for the Nasdaq listing been given? Im new to the thread but had thought that the Nasdaq listing hadn't progressed that far. I thought it was only in the pipeline and they had yet to complete the necessary paperwork etc.

Cheers
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Interesting surge of buying activity on the closing auction.

Just did the tally and it was 2 675 346 shares traded at the intraday high of 24.5 cents.

Someone loading up for overnight news maybe?

Although looking at recent volumes I think a few instos such as Deutsche and JP Morgan might have a finger in the PRR pie. Purely speculation on my part of course.

But very shortly Bank of New York Mellon is going to need a great big package of PRR shares to cover their ADI's at 30-1.

Who are they going to buy them off?
 
Slipperz said:
Interesting surge of buying activity on the closing auction.

But very shortly Bank of New York Mellon is going to need a great big package of PRR shares to cover their ADI's at 30-1.

Who are they going to buy them off?
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Just guessing but I think it was on-market buying for this exact purpose that helped drive up the sp in the last few weeks Slip. What do you think? And/or ST getting their allocation?
 
ubtheboss said:
Just guessing but I think it was on-market buying for this exact purpose that helped drive up the sp in the last few weeks Slip. What do you think? And/or ST getting their allocation?
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Just looking at the volumes you'd have to think someone was taking some major positions of recent but there has been no change of major shareholding notices yet?

It seems too much for retail investors surely?

Listing approval from the NASDAQ must be getting awfully close now.

Then we will see what the US investor demand for PRR is. :cautious:
 
Would logic not dictate that PRR are expecting some large instos to gobble up PRR stock once it lists on NASDAQ? They've even said there is 'strong interest' already. They wouldn't have split with Springtree as a source of funding if this were not going to happen. Question is HOW it will happen and when. If the instos are lined up at the starting gate and the listing price of PRR on the Nasdaq gets an instant AND sustainable boost then that will have the same effect on the Oz sp yeah? Or does listing on the Nasdaq allow PRR to make a 'placement' to instos off market? In which case the effect might not be immediate on the day of listing and we could see speculators just doing a quick pump and dump, leaving sustained gains to come in the days further ahead? I don't know enough about high finance to know if this is how it will work.
 
I know NL has something to do with NX? Looked up ASX codes but only NX on the list of codes. Sorry to bother you with a newbie question
 
NL means late notice received
so the company makes announcement after 4
take a look at this ASX site :)
http://www.asx.com.au/research/status_notes.htm

PS: this status may not be available to you since this is what ASX says:
"The following intraday status notes are not displayed on this website but may be available on your online broking website"
 
How far will this re-trace?

SP has now fallen 20% approx since 0.27 on the 17/01 and has now broken through support at 0.22.

Hope everyone's got there stops in?
 
ob1kinobi said:
How far will this re-trace?

SP has now fallen 20% approx since 0.27 on the 17/01 and has now broken through support at 0.22.

Hope everyone's got there stops in?
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I wouldn't be surprised if it fell to 19c. Descending wedge forming at low volumes. Interesting to see what happens today.
 
Looks to me like a shake out of weak holders, with MMs hoping to catch people's stops. You've got a down trend on consistently low volume, looks like it's weakening.

Will be watching the demand side closely - we'll probably see a test of the lows soon.
 
Interesting how the announcement about the new CFO interest some traders :cautious:
maybe PRR holders are hungry for announcement?
 
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