Did anyone see any news today that might explain a 8.4% drop?
no but I don't think this share price has much to do with such fundamentals as news flow etc. I think maybe it just peaked. Watch out for a break of the log trend line. If that goes (high 40s), it's a long way down.a
PANL is dangerously poised now. It either finds some support here (I can't see much or it needs to get back up to the gap down (56 down to 51) area and at least retake 50. Otherwise it could go down a long way.It is still a 1.83bn company with only 3 royalty clients (only one announced SMD), some development and R&D revenues and loss making. Apparently the OLED market was worth 1bn last year and PANL only captured 30m even though there are only 2-3 OLED operators so it has done a poor job at capturing the value chain as well as failing to make profit.On a linear chart it is right on the cusp:http://finance.yahoo.com/echarts?s=PANL+Interactive#symbol=p...On a log chart it the support line comes in around 37 I think.http://finance.yahoo.com/echarts?s=PANL+Interactive#symbol=p...I didn't find the results, earnings transcript or fundamentals compelling enough to get in at this stage despite an 18% drop.a
The Fool's take on it summarises the issues...http://www.fool.com/investing/general/2011/05/11/this-just-i...
The stock has been on a tear and it's time fora breather. How low, I do not know but I would notbe surprised to see it go to mid 20s.PHOINIX20The Eternal Bird
Fundamentals wise I can see it going a lot lower but mid 20s would be a start. That would take it back to a 1bn mkt cap. (Still 20x Sales - not earnings). Technical analysis may suggest mid 30s but to be honest it seems pretty unsupportable there in no mans land.I guess it all depends how much unwinding the warrants position will move it into profit which I have seen timetabled as 2nd half this year through to 1-2 years time.a
Antho.......I wrote mid 20s..... You replied... mid 30s.....Well, look what is going on today...............PHOINIX20The Eternal Bird
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