PEK 0.00% 19.5¢ peak rare earths limited

up, up, up!, page-6

  1. sjl
    1,203 Posts.
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    Well, hang on a minute. Peak was down around 15 cents on the 14th. It's bounced up 3.5 cents since then - a rise of 23% - and you're surprised that people are selling? It's called taking profits. Nothing wrong with that at all; in fact, I'd be more concerned if we didn't see a pullback along the way. (let alone the ~50% rise for the placement shares).

    I don't think it's a pump and dump, more people locking in their gains. I reckon there's a fair chance - not a certainty, mind - that we'll be staring 20 cents in the face in the next fortnight. Especially if the MOU comes through.
 
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