Good question. Although it could be argued that the recent thrust has a lot to do with how undervalued PAR was post the successful trial.
If there wasn't more potential news on the horizon then I'd definitely be looking for significant consolidation / correction to kick in. But it may take a bit of courage to walk away with as much potential news due in Q1/Q2 2019 such as....
- Secondary end-point data (normally a bit ho hum - but in this case could provide strong evidence around the unique MOA of PPS given we will (hopefully) see the MRI results - a pure objective parameter that won't be subject to potential misinterpretation by the market)
- MPS SAS - bearing in mind there could be a business built just around this indication
- ex-NFL players - will raise news in the US - although I wonder how much interest there will be from American traders
And there is a lot more to come too. The filing of the IND in Q3 CY2019 would be worthwhile waiting for alone.
I'm pleased I didn't walk away mid-January - but am struggling to see why I'd walk away just yet - and particularly as there seems to best much potential upside around news
Lots more to come
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Last
32.5¢ |
Change
0.055(20.4%) |
Mkt cap ! $82.30M |
Open | High | Low | Value | Volume |
27.5¢ | 33.5¢ | 27.5¢ | $1.328M | 4.323M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4624 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 152597 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 47906 | 0.245 |
3 | 82048 | 0.240 |
2 | 32293 | 0.235 |
8 | 110599 | 0.230 |
7 | 89672 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 13363 | 1 |
0.255 | 34148 | 4 |
0.260 | 6415 | 2 |
0.270 | 19081 | 2 |
0.275 | 13636 | 2 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
PAR (ASX) Chart |