re: psa main pass/ a +news week???
With the drill bit drilling away when will they let us know the result? What will be the impact on the share price? Will we see a return of confidence to the price? Will some broker interest return as I know alot have been watching and success here could be the catalyst. The occational mention in broker reports shows us they want to see PSA get some action so lets hope this is it. We all know Petsec's ins and outs from all the postings and recent announcements but the question is how much apprieciation can these shares get on some decent positive volumes. While my interest in Petsec took new meaning when they traded at around a dollar as I believe this is a good entry especially as I have watched a few long term holders who had there stop losses breached at 1.10 and still held and the last time they unloaded them it was at the 1.00 mark only to see them rebound to 1.40. So buying at around the 1.00 mark for me is something i feel very confident about given there success in this drill area there profit last quarter and looking to next year. Currently hold 70000 at 1.04 so must have confidence or have lost the plot. Next week lets hope the news is good and sellers in short supply.
good trading M2u
# Do your own research before buying shares and the Oil and gas sector is very volatile...!
PSA Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held