Hi CEB, welcome back. It was a pretty good week for PEN while you were away on holidays. I think a lot of long term larger holders are feeling pretty good and we all know that there is a lot left in this story. Emotions seem to be running wild with some of the guys here at the moment. We have seen a fair bit with PEN over the last 12 months or so and a lot of the same stuff gets rehashed in the threads. I like your chart, it shows clearly how PEN has made a run, taken a short breather and made another higher run. TA has been calling "overcooked" for some time now but PEN just keeps kicking back and achieving higher highs. As has been the case in the past, after previous highs, it is not yesterdays action that is the key but what happens today and tomorrow. A short breather is not a bad thing but I have trouble seeing the SP dropping down to or below the 11.5 level of support. The list of news that is due is major and will no doubt lead to another major kick up. I suppose, as we have seen in the past, there will be some tree shaking before these announcements to sort out the holders. I hope the guys can stay civil and humble around here because generally it is a nice place to visit. cheers Pewal P.S. since the SP went up so much while you were away, if it falls back now you are back, you know we will have to blame it on the Cebbie :)
Dont blame it on the U price Dont blame it on the downramp Dont blame it on the thread talk Blame it on the Cebbie :)
PEN Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
