PRU 5.18% $2.64 perseus mining limited

just touched 38.2% retracement level, page-6

  1. 20,381 Posts.
    lightbulb Created with Sketch. 1988
    Seen it mnay times before, a stock wth very strng fudementals get sold down to amazing levels , however the fear of it going lower prevents people from buying
    about 10months ago BPT was trading at 88 cents, a few months later it was back to 1.50, similalry Roc oil got sold down to 26.5c and now 60c. one needs to look at undrerlying business and ask has anything changed. Look at the gld price when it was 4 dollars and look at the gold price today. the only thing that has changed is the fear that gold will fall further bt current prices are pricing in a much much much lower gold price which is unlikely so the likleyhood we will look at these proces with amazement in the new feature is high
    no guarantees but i have seen it before many many times
 
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