PSD - Psivida Limited

[DRUGGIST]

PSD a good buy?

I have been following PSD for some time and hold some.

It seems that they are tidying up their patents on biosilicon, have signed a deal with one of the big 5 pharma and are about to list on NASDAQ and yet their price hasn't taken off yet.

Any thoughts?
Druggist
Purveyor of fine medicines to the masses

 

[BraceFace]

Re: PSD a good buy?

There was a flurry of activity on PSD today - down 10% to 60c and went as low as 55c during the day. No announcement that I am aware of.
Does indeed seem like a good buy right now.....
Does anyone know what was going on today?

 

[BraceFace]

Wow big hit today! Down over 20%.
Currently at 41.5c. No market sensitive announcement.
Something going on?

Seems like good buying considering the recent capital raising at 60c a share.
It wasnt that long ago when PSD was over a buck.

 

[Geezer]

Wow big hit today! Down over 20%.
Currently at 41.5c. No market sensitive announcement.
Something going on?

Seems like good buying considering the recent capital raising at 60c a share.
It wasnt that long ago when PSD was over a buck.

Something going on? I think its called share ownership dilution (when the notes are converted that is)!! i think the change of terms of the $15 m debt has just about guarenteed that these will be converted......

Nevermind, hang in there guys......positive announcement re phase IIb brachysil results (liver cancer) shouldnt be to far away....

 

[Mellow77]

Anybody still holding this? I bought few because of significant sp drop and some positive announcements later, but nothing has happended so far...
They stated they need more funds to utilise outcomes from research into production stage.
Anybody with more sophisticated opinion on this company?

Thanx to all.

 

[BraceFace]

Yes, still holding, but not with baited breath!

It seems quite amazing to me that PSD is now trading sub 30c and does not how any signs of moving from this zone.Was well over $1 not that long ago.

This is looking like another Metabolic (see link on MBP)..... At least that company has shown signs of life in recent times.

Perhaps we'll see some movement (hopefully upwards) when some new clinical trial data is released.

Wishful thinking?

 

[constable]

Bottomed or not , this has got a rather large spike in volume of late.
Has the worm turned ? Of late has signed drug delivery licencing agreement with Faber and Magor Global Pharma. Sp off today 1 cent to 21c
Have bought a small parcel based on increases in volumes and a possible lag in market reaction to recent ann.

 

[BraceFace]

Very disappointing this one.

I don't think we will see any major change on this one until some decent research announcements are made down the track (whenever that may be).

I seem to recollect a new release of shares at 26c recently.

Any share price over that would be a bonus at the moment.

 

[constable]

Very disappointing this one.

I don't think we will see any major change on this one until some decent research announcements are made down the track (whenever that may be).

I seem to recollect a new release of shares at 26c recently.

Any share price over that would be a bonus at the moment.

Yes well at 21c it does seem like a reasonable discount to the 3.7mill capital raising @ 26c
However the 2 recent ann. are big news i would have thought (27/12/06 re pharma deal) and (9/1/07 re faber deal) . spike in volume would suggest the same although im bemused with current pricing.
Anyway psdv up 6% on nasdaq and their retisert drug implant has been given biller code for medicare reinbursement.

 

[BraceFace]

I look at the 21c price and think "Bargain".
But then again, I thought the same thing last year when I bought at 63c - only to see it get hammered down to current levels.

My gut is telling me to buy at 21c and sell at anything above 26c - which is where you'd think it would be given that capital raising alone.
My head is telling me, don't be stupid, get the hell out and cut your losses.

These Biotechs are not for the fainthearted - fluctuations in SP often don't seem to match up with company announcements and when they are out of favour, MAN are they out of favour.

I am not aware of any major negative news from Psivida in recent times. With all the current hype (at least on this forum) about money being moved from resurces to biotech/pharm companies, you'd think this would be doing better.

beats the c--p out of me!!

 

[redandgreen]

I look at the 21c price and think "Bargain".
But then again, I thought the same thing last year when I bought at 63c - only to see it get hammered down to current levels.

My gut is telling me to buy at 21c and sell at anything above 26c - which is where you'd think it would be given that capital raising alone.
My head is telling me, don't be stupid, get the hell out and cut your losses.

These Biotechs are not for the fainthearted - fluctuations in SP often don't seem to match up with company announcements and when they are out of favour, MAN are they out of favour.

I am not aware of any major negative news from Psivida in recent times. With all the current hype (at least on this forum) about money being moved from resurces to biotech/pharm companies, you'd think this would be doing better.

beats the c--p out of me!!

I have had this one on my watchlist for ages, took the plunge yesterday @21.5 after announcement, thinking surely this is the bottom the SP then promptly fell a further 5%
beats the c--p out of me too!!!.

 

[constable]

I have had this one on my watchlist for ages, took the plunge yesterday @21.5 after announcement, thinking surely this is the bottom the SP then promptly fell a further 5%
beats the c--p out of me too!!!.

Thats funny I did exactly the same, then I sold out today and bought back at the same price after there was finally some interest....least my brokers happy

 

[constable]

This has the potential to break out today as it has been operating very tightly and today has jumped up by 1.5c.

 

[Snakey]

This has the potential to break out today as it has been operating very tightly and today has jumped up by 1.5c.

What the hells this doing at 23 cents?????last time i looked it was 70 something
Breaking out of long term down trend????

 

[Snakey]

This has the potential to break out today as it has been operating very tightly and today has jumped up by 1.5c.

I think you're right

 

[BraceFace]

You guys are optimistic.
I reckon if you move that top line on your chart a bit higher, that 1.5c price spike will fit in the range quite nicely.

I hope you are right - but there no real reason for breakout is there?

 

[Snakey]

You guys are optimistic.
I reckon if you move that top line on your chart a bit higher, that 1.5c price spike will fit in the range quite nicely.

I hope you are right - but there no real reason for breakout is there?

disagree bf
the top line intersects four spikes if i lift it it wont intersect any but the current price
the give away for the break out is the two months down ...one month flat..then break out
buy a text book and stick this in
maybe (disclaimer)

 

[BraceFace]

disagree bf
the top line intersects four spikes if i lift it it wont intersect any but the current price
the give away for the break out is the two months down ...one month flat..then break out
buy a text book and stick this in
maybe (disclaimer)

Fair enough, but where's the flat month?
I just see down, down, down then a small spike today...
Volume is pretty good today though, I'll pay you that.

 

[Snakey]

You guys are optimistic.
but there no real reason for breakout is there?

price falling below company value... did you think it would go down forever?
sooner or later the trend must change ...unless the company is going broke
obvious break out now imo

 

[Snakey]

Fair enough, but where's the flat month?
I just see down, down, down then a small spike today...
Volume is pretty good today though, I'll pay you that.

a bit under a month
heading flat is a break of down trend after that it usually time to head up