PSA 0.00% 2.1¢ petsec energy limited

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  1. 27,016 Posts.
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    Thanks Dist, was wondering where you were:) I have appreciated all your posts. PSA always seems like it must be about to turn, however technically, it has been shot for a while. I sold a lot at 13c thinking it will turn and I can reinvest, but it's never happened. I put some more up at .095 yesterday and no takers, I'm afraid I'm probably going for the 0.094 for a complete sell out, at least for 2 weeks, as I've really no guarantee once 11m comes off the buy side there will be any halt to the long term downtrend. I really hope this company comes good, maybe I can get back in lower, or maybe I'm better off buying higher if a further slide is avoided and a new uptrend is confirmed. I don't think it's all PSA's problem despite the disappointments of the Alberta and us shale, the whole spec market is suffering. I do have an issue with TH whole disclosure thing though - I mean we were strrung along forever on the shale, but oh, we can't tell you who we are partnered with - and we've still no idea - just take it on good faith it's a private company... So now we are being fed a line with some new acquisition.... And they really need to get over themselves with this " providing liquidity to those who choose not to support us" line, that is just a little hard to take.
 
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Currently unlisted public company.

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