Last time PLV share price was as 35 cents was back in March 2009.
Surely the selling today is abnormal.
Unless they were a holder before this time, I refuse to believe that everyone selling today is doing so at a loss just because the PFS doubled.
Triggers all must have been hit yesterday and maybe people bought yesterday thinking she will bounce. Now it has not and they are either selling or averaging down.
Either way I see this bouncing at some stage. Someone is pushing this as low as they can and panic is still in.
I am gutted also by the way as I had a bit in this...still holding though. Crazy to sell now.
But I am with everyone else asking for an explaination as to what is going on. Come on Tony!! Do it as a company doc on the ASX. Calm down the herd!! 70% drop is nothing to ignore!!
PLV Price at posting:
30.6¢ Sentiment: None Disclosure: Held