PSD - Psivida Limited

[constable]

LOL :
Gotta love it when you pick it right!!
maybe PSD will grow some legs on the back of more positive news.

At this stage - it's a dud.

I irks me to say that, because I still hold. (not for much longer methinks)

Surprised then you didnt dump while it was over 30c.
I had it again at 25c looking for a bounce but lasted all of about 15 minutes and out again at 25.5c. Im not a holder but i must say the market seems a little harsh on psd. Enjoy the volatility before it pulls its head in again!
Good luck bf.

 

[constable]

ann. out with a lot of reassurance within ,
seems management is concerned that the sp has tanked or the market hasnt fully appreciated licencing deal? Not sure really.
must add volumes has dropped off and sp steadied yesterday

 

[BraceFace]

ann. out with a lot of reassurance within ,
seems management is concerned that the sp has tanked or the market hasnt fully appreciated licencing deal?

Both I reckon.
Basically the market did not respond to their announcement of the joint venture with Pfizer apart from a small blip on the chart.
The company is now in damage control.

So what do they do? They put out a transcript of an interview with one of their research guys as an "Open Briefing". Kind of a laymans overview of Psivida's plans. Big deal.....

Nothing new here, just some spin.

They're going to have to do better than that.

As predicted, SP now back to 21c, as it was before the "big" Pfizer ann.

 

[megla]

Well, hopfully they will try a little harder, but at least it gave me an opportunity to top up..

 

[BraceFace]

Well, hopfully they will try a little harder, but at least it gave me an opportunity to top up..

Wow, bold move buying PSD after what has happened.

I've thought about buying more to average down my existing holdings but I think I'll wait until they hit sub 18c, which is not out of the question.

Good luck to all holders!

 

[BraceFace]

OK then - so the PSD chart is slowly trending downwards.
As I predictedthey are now at around 18c.

Is anyone still holding on to this, or has all hope been lost?
I'm tempted to top up but I can't find a reason why there might be a reversal in fortunes for this company...

Somebody, convince me otherwise....

 

[BraceFace]

PSD release positive clinical trial results and the share price drops.
(See ASX/Media release 13th August)

One of life's little mysteries.....

Obviously pharmacueticals/biotechs are not the flavour of the month - but at 10.5c per share for this company, this is a great buying opportunity. I topped up today.

Just my opinion.DYOR.

 

[karmatik]

Can anybody shed some light on why this share price keeps plummeting? Doesnt seem to add up??? News in general seems to be positive.

 

[Ken]

Cash burning biotech

Pretty simple.

They are losing money, keep having to raise funds.

Thats basically what biotechs are. Hold for 5 years, endure the pain of sideways downwards action, then hold on for massive gains in one day.

 

[BraceFace]

PSD charging through 15c today....
Up 20% on early trade.
No announcement today.

Perhaps one of those crazy fluctuations we see on Biotechs with no underlying news. Typical.

I'm out - Bought at 11c.

 

[BraceFace]

After the "Fizzer" announcement earlier in the year and a lot of hype, then some seemingly positive clinical trials, we now have a company trading at the grandiose price of 9c per share.It is now officially a penny hopeful.
This is quite amazing considering this company was trading at $1.00 + not all that long ago.
A slow moving train wreck that I have been watching from a distance.
It really beggars belief that the board of directors have let this happen. What the hell is going on down there?

Over the years, my three biggest losses and dissapointments have all been biotech/pharmacueticals - PSD, MBP and VCR.
I have lost more $$ on those three collectively than everything else I have done.
It would take something very exciting to make me invest in this market sector again.

Perhaps somebody would be kind enough to add some comment and maybe post a chart of PSD for the last 2-3 years.

 

[motorway]

Here is a chart that ,,,
Should speak for itself

support and resistance moving diagonally

( not necessarily a particular 45 degree angle .. or a 45 degree angle at all )

moving diagonally because supply has continually entered the market and overcome the demand

placements + under performance to date...

The P&F is particularly good at giving the overview..

A 4%x3 chart because of the current low share price, the price range and to encompass the last of the rise , top and fall.........

motorway

 

[BraceFace]

That is ugly.
The way that chart is headed, we're heading into negative territory!!

By the way, quite an unusual method of charting (forgive my ignorance).

Good luck to anyone who still holds.

 

[motorway]

By the way, quite an unusual method of charting (forgive my ignorance).

It tends to give a very high degree of clarity......

The price is either above a 45 degree support( demand ) line ( on the way up )
Or below a 45 degree resistance ( supply ) line ( on the way down )..

Time is not on the x axis........

columns change when the price reverses..

So the chart will move at varying speeds..
expanding and contracting it's time frame..

eg nearly 5 years data on that chart...

You can interpret the chart with one glance
because all that matters is condensed and all that doesn't has been dispensed with.

motorway

 

[motorway]

You can interpret the chart with one glance
because all that matters is condensed and all that doesn't has been dispensed with.

Trading Halt

down thrusts have been getting weaker

Horizontal Movement !

Accumulation since at least 2008 ?

Blue arrow is a P&F target if so..

~ .185 cents

The chart above is a three box reversal

This is a one box reversal chart
DYOR

motorway

 

[BraceFace]

Trading Halt

down thrusts have been getting weaker

Horizontal Movement !

Accumulation since at least 2008 ?

Blue arrow is a P&F target if so..

~ .185 cents

Nice Chart again Motorway.
So you think PSD might be in for a reversal in fortunes pretty soon?
Is this purely based on the reading of the chart, or is there some other company info you are aware of?
A spike up the 18.5c seem pretty optimistic given what has been happening for the last few years.

 

[motorway]

Well it had stopped going down
and one reason for that for sure
was there has been a bit of interest in it..


I note today that it has done what it often has done
on "good news" ( Spike and fall ... complete rejection of higher prices )

But this announcement does not come with a
new issue of shares ( it comes with some $$ though )

And the tide of the general market
was going out and how....


So it sure should be on a watch list
to see if that "accumulation" continues

PSD is a beaten down stock
that has put it's head up and got noticed

Is this purely based on the reading of the chart, or is there some other company info you are aware of?

Yes Purely chart based

IF the churning across on that chart
IS "good buying" -----towards-----> .185 is where it should head

Today's action was a very poor response


Here is the three reversal chart

Very early days ( still in a downtrend ...Lots of charts like that atm )

found a floor to turn around from ?
or just a rest while digging a hole ?

motorway

 

[BraceFace]

Thnaks for that Motorway.
I continue to watch Psvida with interest, having done so much dough on them since 2006.
I have to say I'm not all that optimistic. As has been pointed out before on this and other forums , Good News for PSD never seems produce any sustained SP improvement.
Plus, I don't reckon there's that many people who are interested in putting their well earned into Biotech penny hopefuls when there heaps of similar priced companies in the mining/resource sector to take a punt on.
We shall see....

 

[motorway]

update the chart

It is always interesting to see movement against the trend
esp as was mentioned ( Braveface )

the chart is giving a negative price target

looking a lot better

I hold

motorway

 

[nomore4s]

update the chart

It is always interesting to see movement against the trend
esp as was mentioned ( Braveface )

the chart is giving a negative price target

looking a lot better

I hold

motorway

Running hard lately, up to 14c from 6c only about 3 months ago. Good pick up MW.

I'm actually starting to get bullish on a few Pharmaceuticals/healthcare type companies with PRY & SIP interesting me, even though they are both in downtrends atm, some positive signs imo especially PRY.
May have to have a closer look at the sector and some other stocks within the sector.

Good luck to holders.