I agree with you SSPPMM. For the past few months, the company had released mostly positive news- 2 new contracts and new products with worldwide exclusivity. Some neutral ones like reassurances announcements etc. Yet the shares plummeted more than 40%. I don’t think one needs to believe in conspiracy theories or share manipulation to think that something illogical is happening there.
Whilst some of you says perhaps the $1.30+ is overvalued and hyped up, but that’s dismissing the calculations of Newing and Petra finances who are professionals at this game, they believe the share is worth far higher $1.30 based on forecast earnings and projections even before the new lake in China and Florida was announced. Yet the SP continues to fall. I feel this is beyond general volatility or the usual movements.
I know nuts about manipulation and no comment on conspiracy theories. But I believe a lot of a- holes in this world are greedy and unscrupulous. i believe in the long term prospects of this business and what it can and will achieve in the long term. I keep telling myself it makes no difference as I set out to hold for a few years at least. But these ridiculous falls are making me ultra cranky.
- Forums
- ASX - By Stock
- PET
- Ann: Senior Management Additions
Ann: Senior Management Additions, page-11
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PET (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.60M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
PET (ASX) Chart |
Day chart unavailable