Where to from here for PPE?, page-2

June is a difficult month for many small cap stocks as investors square up their portfolios prior to end on financial year. PPE has had a good run up since March lows so it is to be expected profit taking to continue. Conversely those who paid $3 + might choose to offset losses against other capital gains. Again capping the S.P.

A retrace back to $1.80 area is possible in June as this share fluctuates on thin volume at times. June is top up time for the writer who has buy orders in place for any silly at market sell orders that sometimes occur.

Given the war chest funds in place an acquisition is not out of the question at some point in time. The work force is slowly stabilising which means our services are in demand. A gradual S.P. appreciation should continue into the latter half of the year which is traditionally stronger for the market.

Ppl who buy around $2 or better should be rewarded well in the long run. Its not a tec stock or doesn't develop vaccines so don't expect it to shoot the lights out. Remember slow and steady is good. If past performance can be used as a guide there is still plenty of upside to be had. DYOR.