So you are a trader or implied it - I would not hold this stock as a trader. Ask what happened to a fund that bought in @37c late 2013 ( they thought they got a bargain as it had been trading at 42c) and sold around 25c in June last year. They changed the balance between buy and sell and in June last year this share had put a lot of holders into a deep blood red. I had bought in a lot earlier so was less stressed. However it made me look very hard at the stock and I bought more thinking it was just facing too many to sell in a weak market for their stock.
I am interested as I think I could have a smaller opportunity in the next month - Not sure what the bottom would be but I think it could be fun. However not as many will be sitting on CGT losses and want to take advantage of those this year.
I have another that fits this mould - SRV . Dropped today by 14c - low volume someone wanting out - AHD has the same erratic behaviour at times.
PGC Price at posting:
51.5¢ Sentiment: None Disclosure: Held
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