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NAN - NANOSONICS LIMITED


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Have no interest in this stock, simply bored and looked at the chart.

Here's why I think NAN is destined to go much lower eventually.

From 2015 the weekly chart shows how increased volume drove the price higher (more demand than supply) (see green arrows)

Since Nov 2016, each volume spike has resulted in no increase in price. ( supply exceeding what appeared to be good demand) (see red arrows)

 

In the normal life cycle of shares, there should be a spike back up which fails to reach prior high levels, followed by more serious decline then decline and more decline. $1 or even sub $1 is easily possible.

 

Of course, I'm often wrong, this is simply one bored persons opinion. Analysts however are always right

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A very nice announcement this morning from NAN regarding high level disinfection guidelines for ultrasound transducers used in semi-critical procedures: http://www.asx.com.au/asxpdf/20170227/pdf/43gbpjh9rwsqc9.pdf

 

The announcement covered:

 

- strengthened guidelines in Australia for Reprocessing Ultrasound Transducers, which were jointly endorsed by the Australian Society for Ultrasound in Medicine (ASUM) and the Australasian College for Infection Prevention and Control (ACIPC).

 

- Ireland's new guidelines for Decontamination of Semi-critical Ultrasound Probes; Semi-invasive and Non-invasive Ultrasound Probes.

 

- New guidelines from the World Federation for Ultrasound in Medicine and Biology (WFUMB) being guidelines for cleaning transvaginal ultrasound transducers between patients.

 

The latter item is the really significant part of the NAN announcement because the WFUMB Safety Committee which developed the recommendations was unequivocal about the requirement for high level disinfection of transvaginal (and transrectal) probes between patients, and devoted a significant section of the Guidelines to noting the range of benefits which the professional literature now ascribes to NAN's trophon technology for high level disinfection of ultrasound probes.

 

WFUMB has a membership which includes key professional bodies in North America, Latin America, Europe, the Mediterranean, Asia, Africa and Australia. In addition, the WFUMB Safety Committee which developed the Guidelines had expert representation from a diverse range of prestigious institutions, including University of Chicago(US), University of Michigan (US), University of Leicester (UK), Lund University Hospital (Sweden), and Royal Marsden Hospital (UK).

 

Against that background, it may be reasonable to expect that the WFUMB guidelines will accelerate the move towards guidelines for high level disinfection of ultrasound probes used in semi-critical procedures, in countries such as England, France, Germany, Japan, and various Middle Eastern States.

 

It seems that the significance of NAN's announcement today was not lost on the market with a 9% increase in the SP on moderately heavy volume and a trading close just a tick off the day's high, to retrieve in one day more than 60% of the SP decline that occurred over the last week.

 

 

 

 

 

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Interesting that JCP Investment Partners has issued notices today that it has lightened substantial holdings in NAN, OML, APO and SYR (and possibly other companies).

 

Maybe the company is getting spooked by Trump and the craziness happening in that neck of the woods, but I suspect that JCP is simply on a lending binge to shorters. Certainly, the shorts as a percentage of sales volume in all four stocks have increased phenomenally in the last few days, which might support the suspicion of a JCP stock lending binge.

 

If my suspicion is right, what is most interesting is that while the shorters have slaughtered the SPs of OML, APO and SYR in recent days, the opposite has occurred with NAN over the same period, with the shorters getting a bit of a hammering.

 

On Monday, NAN made a positive announcement and the share price increased by nearly 10%. Predictably enough, the NAN shorters were very quiet on that day with just 5.41% of sales volume for that day being short sales. However, come Tuesday, the NAN shorters were out in force with 37.1% of sales volume for that day being short sales, but the SP still gained a little more. Then yesterday, the NAN shorters were out in absolute plague proportions with 75.14% of sales volume for that day being short sales, but the SP made even further gains (see: http://www.shortman.com.au/stock?q=nan).

 

Given today's very tidy gains in the NAN SP, I will be mildly interested to see whether or not the shorters have backed off NAN, or maybe they are licking their wounds for a day or two while preparing for a fresh assault.

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  • 3 weeks later...
  • 1 month later...

Hi cooderman

 

NAN's just about nudging your $3.19 resistance level again today - but unfortunately, I'm struggling to see a likely trigger for a decisive breakout before the August preliminary annual report. Perhaps "left field" might come into play.

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  • 2 weeks later...
The market blasted through NAN's $3.19 resistance today on solid volume, with the $3.35 close being just a tick off the intraday high. In the absence of any announcements, I'm guessing that today's trading action reflects a new strong buy recommendation from a decent size broking house, or perhaps a few of today's larger buyers know about some new and positive development with NAN that has not yet been announced to the market. Either way, things should become more apparent over the next couple of days.
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In the normal life cycle of shares, there should be a spike back up which fails to reach prior high levels, followed by more serious decline then decline and more decline. $1 or even sub $1 is easily possible.

 

You may end up being right Mista, but 319 being strong Res. may now turn out to be strong Sup.

 

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