PEK 0.00% 22.0¢ peak rare earths limited

jorc, page-29

  1. sjl
    1,212 Posts.
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    @VonTrapp: In the 20 minutes since you posted that message, the sell queue has grown to over $580k worth between us and .585 (CommSec isn't showing me anything beyond .58, and I can't be bothered trying to find it elsewhere.) Also consider: when a line gets taken out, there may be (almost certainly will be) other sellers who come out of the woodwork and place sell orders at that price.

    The order queue is indicative, yes, but there's no guarantee, and it's not as straightforward as you might think at first glance.

    I'll be very surprised if we go past 55 cents today, and I'm dubious of the prospect of hitting 54.

    All that said, there seems to be pretty decent support above the 50 cent mark, so I don't see us losing much ground today, either.
 
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