Unfortunate overreaction. One of my favorite investment teachers William J. O'Neil, developer of the CANSLIM investment method teaches that Director's selling shares does not mean there is a problem with the company, it could just mean he/she needed the money. On the other hand, Directors buying shares, means they have great faith in the company's future.
I am not holding PNV atm, sold a few weeks ago, as I am a momentum trader, however this selling, considering the CANSLIM fundamentals, it does seem ridiculous.
Not a fan of trying to catch a falling knife, so I am waiting for turnaround signals to get back in and there will be a turnaround, I am sure of it.
PNV will one day be a $10 Billion company.
GLTAH.
Ann: Change of Director's Interest Notice, page-74
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Last
$2.32 |
Change
-0.020(0.85%) |
Mkt cap ! $1.602B | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.37 | $2.30 | $2.354M | 1.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11423 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 8018 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PNV (ASX) Chart |