Someone is definately accumulating PPX , about 6m through in last 3 days and stock is tightening up on the offer progressively
At one stage this morning it was 8 bid , and 9 seller
The accumulator or group of them , seem to buy all that is there for 10 minutes and then disapaear again for an hour or so , let the sellers build up and then go again and soak up the screen again
Just been sold down again by .5c on $200 from 7.5 to 7 , I suspect to try shake sellers between 7, and 7.5
I expect if a few sellers do arrive in the block , it will get accumulated again towards the close
My strategy is to wait till February in anticipation of an improved half year and hope to see the stock start to appear on brokers screens .
Revenue of 3.5 billion and a market cap of under $50m at 8c is speculative but if they can recover their profit and loss imo worth a punt towards a market cap more like a 3.5 billion revenue businesss should have
