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15/10/10
22:57
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Hi All,
Does anyone know if PAG is simply a technical play or is there some good reason behind its uptrend.
I made a quick note with a graph at:
http://ozstock.blogspot.com/2010/10/pag-primeag-australia.html
As the graph shows, PAG is in a strong definite uptrend and it seems to be a good technical signal to hop on board.
But I look at the fundamentals and they seem appalling.
see http://ozstock.blogspot.com/2010/10/pag-primeag-australia.html
Is it just the wheat and grain prices forcing any grain company to go up? If so why the other grain companies does not show as strong an uptrend.
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