pdn vs era, page-42

Don't panic meltychoc (love the nick, by the way).

PDN is way undervalued, and is being shorted down ruthlessly, in order to make long term holders and traders alike panic and sell. And to trigger stops.

PDN is a company with pounds in the ground - lots of them. It is a producer (there aren't many of those), and it is growing.

Think longer term (like 3-5 years), accumulate while the price is down if you can, and keep an iron hand on the tiller.
Don't give in to the fear that the shorters are deliberately trying to instil - and it sounds like they are succeeding.

For the last few weeks, between 25 and 40% of all PDN trades have been shorts. Couple of blips above and below that figure, but that's the range. And all those shorts add up to a LOT of shares - all of which have to be bought back at some stage. Yes - many will have been bought back already and shorts covered - but there will still be a lot of outstanding shorts being carried that have yet to be covered.

If you're so worried that you feel you must sell, then wait for the next rally to sell into - selling into a falling market - especially one that is being deliberately shorted down - is not usually a good idea. Then watch while the price bounces...... ;)