pdn friday trading

really do hate friday trading.....Dt's get out....market at the mercy of shorters....

xao -17
pdn -3.25
last 127.75 volume 5Mill approx at 3:10 so massive exit for the doors just friday jitters

Buys 2.619 M ver 1.886 Mill

futures
spi -2 not too bad

http://www.bloomberg.com/markets/stocks/futures/

top 20 holders hold the key to the house of cards...they are in full control

no change of shareholder holdings notices for a long time now

nuclear power companies paying above the spot price into the US$60/lb range to guarantee supply...even they know they are getting their uranium cheap.......

2 plants in japan coming back on line so more will follow..so that will soak up some of the global supply of uranium.....

Cameco raising $1 billon...didn't like been outbid by Rio for Hathor......

Bhp put a delay on Olympic Dam expansion...refuses to be dictated to....and will devote all its resources to over seas acquisitions...where they will be not subject to Carbon taxes...

BHP and corporate Aust will expend capital to bring down the Gillard Govt.....it is going to happen.....so expect an early election........Labor has to go ..everyone chip in for a second hand mini van for the Labor MP's who survive an election.....or they will be on push bikes...the greens would be happy about that...no carbon emissions....

wait for July...we ar in june and it will go fast only a 30 day month...tax year ends and its a new ball game......

expect the top 20 to be holding in the mid to high 80% range of all stock on issue.......

Newmont will want out of its inherited 6.77 % holdings in Pdn..its a non performing asset and NON-CORE.......

good luck...not long to wait to see some action....in my opinon