THIS SHARE WILL BE WORTH 3.00 IN 2009

Sorry Toya but there has been a slow decline for months and its set to continue until more positive news of the drug pipeline.
I would touch this with a bargepole for now!!

Toya,

Until there is positive news, I can't see much movement upward, but saying that, I do think such news is not far off, due to the same thinking as yourself, re the RNS from the 26th Sept.
SP up with far more sells than buys. Not on it's own much of a lead, but with 6 mm's on the buy at top shown price and none showing at top sell, now that looks like somethings in the wind.
If we start to see mm's fighting to buy (the last one to move up to the mark was at 1155 hrs) then we should know somethings in the wind.
Of course it could all be smoke and mirrors.

Positive note from a charting perspective in this week's Shares Mag.

Yes from a chart perspective it looks to have bottomed but I dont hold with charts.
Market makers must have made a few bob on this one over the last few months.
I see no upside without news.

Although not a chartist, I do feel they have their place, but more with FTSE 100 type companies that never move in very large percentages, (allowing for the one offs such as Northern Rock).
Charts don't have the same values for smaller sky blue or bust type companies, such as Protherics.
A chart could show such a company heading for a drop and because good news is released the sp could double or more within 24 hours, and of course visa versa.
With large blue chip companies, moves of this magnitude just don't (without the rare as stated exceptions) happen.

Well said geekman - it just goes to show what impact a small article on PTI's chart can do.

I dread to think what would happen of anything bearish came out.

Back to 20p maybe?

Or bullish, 80p maybe. But it does as you say show what any news could do to such as Protherics.

i'm confused

Sell off on Wall St Friday will point the way - another fall

With 98% of the FTSE down today, I also expected Protherics to open down, but it did not and at 0845 it's still up. OK only .25p but strange as there appears very little interest in the share.

Hi Greekman,

No interest whatsoever and no follow up with the spike on Friday.

Need more news.

Yes, I was expecting PTI to fall, too, but am pleased to note it's just about holding steady.

I still reckon that they must be negotiating some other deals. If an Akzo Nobel company (Nobilon - as in the RNS of 26Sept) is happy to pay for PTI's technology, then I'm sure there are other significant pharmacos keen to work with them.

I'm going to remain patient an hold.

Toya,there you go answered your own question on PET thread!

"I'm going to remain patient an hold."

Hi Lex1000 - you tracked me down! Yes, and I shall continue to hold. It's ticked up a bit today, to 50-51p, so it's starting to move in the right direction.

AXA Holdings.

AXA must feel confident, as 12% is a big slice of a company in monetary terms even one with a market cap the size of Protherics.
I'm always happy for a single holder, be it a PI or investment group to own such a percentage of a companies shares. It's when that percentage reaches toward 30% that I become worried as when they hold such a market share they can become a bit too relative to sp movement should they suddenly decide to reduce. I saw this recently with another share I hold.
But as said quite happy with AXA holding 12%.
Just hope they are calling it right.

Morning Greekman - price up nicely to 52.25-53.50. Off to a good start at least.

Hi,

Won't get much time to watch the markets today but it is looking progressively better this week, especially with most of their peers taking a knock of late.

I won't be able to keep my eye on it all day either, but I'm confident that the price will stay up there even while my back is turned.

It may do unless the chartist take note, due to the RSI indicator viewing the SP as approaching overvalued.
Myself... I don't take much notice of chart indicators when it comes to companies such as Protherics, whose fortunes can half/double overnight on one bad/good bit of news.

Quite agree.