We've closed under the daily 200 moving average which for a great company like PNV is nonsensical, this is an excellent indicator for buying at a discount, RSI almost at over sold and the short sellers have lifted off to just 374k which for anyone that thinks 374k is alot let me just say i often watch the order book and almost daily see a 374k sell order 5-10 cents or so above current price, always adjusting their price as price moves up or down, they never seem to get filled which suggests fake selling pressure but i thats just my observation and opinion....
Why would anyone want a great company with great prospects and a very motivated management team push for a lower share price? your guess is as good as mine, but i'd guess 'so they can buy at a lower price'
My med term target price for PNV is around $3. Anyone that was at the AGM or reads the reports will know the management team are heavily incentives to achieve a $3 share price for a consistent period of 3 months if i recall so after that time i would expect them to take some profit and sell some of their holdings but my no means is this the long term price for PNV.
PNV Price at posting:
$2.26 Sentiment: Buy Disclosure: Not Held
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