Good post col75.
I to thought today PEN was running away just a wee bit too quick to be sustainable short term, especially as it hit the high on relatively low volume.
As much as it would have been great to see it continue, it is inevitable some LT holders who purchased at past highs will take a profit and either move on or re-evaluate whether to continue with PEN. Nobody could blame anyone who sold out after being in the red from the 2007 highs, if in fact that is what is occurring. I believe it is.
My thoughts of yesterday stand...and will do so until PEN breaches 11c and attains a new high and holds. Of which I also remain certain is simply a matter of time.
http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1348083&msgid=7586597
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