PIR 0.00% $1.49 papillon resources limited

meerkat - are you serious? Very few shares are going to continue...

  1. 42 Posts.
    meerkat - are you serious? Very few shares are going to continue an upward trend without sign of retrace or periodic losses of momentum.

    The shares are up over 60% from the recent capital raising - do you think it might be possible that part of this retrace MIGHT be from profit taking from these individuals, or from others who entered at a similar price (or lower)?

    True, the shares are trading at a premium to the short term target prices listed by many brokerage firms, however, these reports don't take into account recent gold discoveries.

    I'm happy holding, and look forward to the resource upgrade.
 
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