AngusMcK

$PAR - PARADIGM BIOPHARMACEUTICALS - Steady riser

Long
ASX:PAR   PARADIGM BIOPHARMACEUTICALS LIMITED.
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PARADIGM BIOPHARMACEUTICALS (PAR:ASX)

Has been trending nicely for a while now. More good news today with their next announcement "PARADIGM REPORTS CONSISTENT >50% PAIN REDUCTION IN KNEE OSTEOARTHRITIS PATIENTS"

I like these kind of stocks in the medical space that are looking for alternative treatments to surgery. In the increasing world or obesity and ageing populations knee pain is massively increasing. How many people do you know of that have had some kind of knee surgery.

Paradigm Biopharmaceuticals Limited is a biopharmaceutical company focused on repurposing the drug pentosan polysulfate sodium ( PPS ) for the treatment of inflammation. The Company is engaged in researching and developing therapeutic products for human use. The Company is a drug repurposing company, which seeks to find new uses for old drugs. The Company has commenced the open labelled Phase II clinical trial, investigating the role of the drug PPS in treating traumatic Bone Marrow Lesions. The Company's Rhinosul has properties consisting of both histamine stabilizing and anti-inflammatory properties. The Company focuses on repurposing PPS under ZILOSUL name, as a treatment for bone marrow edema ( BME ) lesions following traumatic injury.

I hold.
Comment: WOW! Big spike on news. Interesting that someone was prepared to buy up to $2.15 which would suggest that after some pullback and consolidation there is quite a bit of room to move up from the current price.

Comment: PAR might be back at an interesting support area. Good upside potential if it rallies.

Comment: PAR broke $4 mid November. Might be well worth another look as seems to be recovering well from the last pull back.

Comment: PAR managed to push through to $4.07 in this mornings trading on no news before a pull back to $3.90.

Comment: Could be worth a watch depending on what the market does as a whole... (eg are we at the bottom or is there another 20% dip on its way)

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Comments

Hi Angus, any updated thoughts on this given the most recent CR and meeting with FDA? I sold out 2nd week of Feb (just like all my other holdings) and have just bought back in at the 1.58 mark.
Reply
AngusMcK SindubioJunior
@SindubioJunior, PAR was a great company pre-crash and you have something like a 100% to 180% upside so I wouldn't be too worried about buying and holding for a while and riding out any short term volatility. With the CR they will have money in the bank to run a while longer and with the new trial in place they have something to focus on... Certainly well worth a look.

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Hi Angus, I'm looking to enter. Any thoughts around entry point? Is it worth waiting until it leaps over 4bux? Thanks clem
Reply
AngusMcK SindubioJunior
@SindubioJunior, it depends on how long you want to hold it for. If you think it is a good stock and want to hold it for 12 months+ then any time is a good time to buy. However in the short term there is a good chance it will pull back. RSI still says that it isnt overbought yet but you can see it is at a resistance area and also a "round dollar" area. Its at that psychological is it worth more than $4 barrier so it will probably pull back. ASX must be due for a down day soon as well. Personally I would wait for say a 5-10% pullback OR wait until it is say $4.10 to $4.15 so it proves it has broken the barrier and will keep going up... thats just how I look at it. Hope that helps a bit. Either way. Always wait so you can see it looks like it is going up steady (eg above the 15 day EMA) before entry if it does pull back.
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@AngusMcK, cheers mate. Great points there! I'm holding it for long term so will take my first dip into it today and then 2nd parcel to follow after a pull back or when its cleared the 4dollar mark
Reply
AngusMcK SindubioJunior
@SindubioJunior, Yeah thats what I do too. Basically buy $5k and then when it goes up 5% buy another $5k etc. But I only buy when the direction is up. I dont average down... helps me build bigger positions at what I feel is less risk. I have read a few documents though that say you should just buy your full position - but I feel more comfortable scaling in...
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@AngusMcK, well looking at the past few days price action you were bang on mate
+1 Reply
Hi Angus,

Based on today's almost brutal pullback are you still holding?

Many thanks

Wayne

Reply
AngusMcK WLP350
@WLP350, yes still holding. I think it is one of the better companies. I like that it has a pretty steady overall rise and is super spikey on these good news type stories. Next time I should probably try and sell when it spikes past 20% or so and then try and buy back in the next day when it settles.
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