Fair bit of short-covering going on today, I suspect.
But the shorting raids may well resume, until whoever is doing it has managed to get hold of as many shares as they are after.
The main points are:
1. Do not sell on a low, when it appears to be a stage-managed low
2. Do not sell on the bounce just to "get out even". That's usually a good way to miss the ongoing uptrend.
PDN can be traded by short-termers, for sure, but it's way too unpredictable in the short term for my tastes. However, as a long term investment, I think there are few stocks on the ASX which are as strong. But that is LOOOONNNNNGGGGGG term. Not today, this week, or this month. I'm talking over 5 years from now.
pdn wakes up, page-2
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Last
$13.99 |
Change
0.010(0.07%) |
Mkt cap ! $4.182B | |||
| Open | High | Low | Value | Volume |
| $13.78 | $14.02 | $13.62 | $27.61M | 1.999M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 198 | $13.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.00 | 5278 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |