PPR promentum limited

don't get ahead of yourselves

  1. 1,438 Posts.
    I think people may be getting a little over excited by the PRR SP at this stage. Most people on this site were saying it was going to rally when it was 12 cents and then it promptly dropped to 9 cents. Personally I like PRR (for the medium - long term) but I am expecting a brick wall of sellers at 12 cents when it hits the recent placement price. Once it clears this I will be buying more but not until then. I think there will be plenty more left in the tank from there.

    All I am saying is don't get over enthusiastic too soon as the breakout is not yet convincing, given the severity of the downtrend.

    By the way I do hold options but I'm just trying to present a realistic picture.
 
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