gorilla lights cigar at 75c, page-9

You don't think the bottom is in? With just 7 trading days left, the S&P500 index is down 39.5% or the year, on pace perhaps to match Wall Street's 2nd worst year ever, 1937, when the S&P also slid nearly 39%. Should no rally develop next
week, 2008 could well challenge 1931 - when the S&P crashed
46% for the mantle of Wall Street's worstever year. Taking positions atm may be smart in the medium - long term on a variety of stocks IMO.

That beings said, PPX certainly has a distressed balance sheet, despite the raising in October. The ASX sell down plus the ASX enquiry pm the 8/12 gives reasons to question the transparency on this one.

Reasonable entry point for the higher risk investor.