PEN peninsula energy limited

weighted average for the day is 4.97 cents, page-58

  1. 1,684 Posts.
    Hs,

    I actually find the large sellers at 5c quite encouraging. Its looking more and more obvious that someone or some parties are trying to cap Pen.

    Think about it, if you were wanting to offload a large amount and there was already a large amount on offer at 5c. Would you seriously put another large sell order in at 5c as well. I don't think so. Most would probably wait in the background to pounce rather than put pressure on the price which inturn would be self defeative to say the lest.

    Thats the reason why when I see this happening that I also think its just a dummy bid. By using this sort of tactic it may actually work against them and strength the resolve of holders in the stock. They are making it far too obvious and are getting desperate Imo.

    I think this is going to be a 30+ cent stock in less than two years now, so why on earth would I consider jepordizing that and selling my shares at these prices.

    Keep it up boys, just makes me want to hold even tighter.

    NK
 
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