The reason for the sell-down in PXS today might be that abn amro put out a note this morning to clients saying it might be time to take some profits.
They based their opinion on Technical Analysis which for a stock like PXS seems crazy. Their research team dont even properly cover the stock but simply re-hash company announcements and pretty it up.
Ring PXS and see what they think about ABN doing a half-arxed job of research on them compared to the PHD, MBA efforts at WilsonsHTM.
Anyway, hope that clears up today's movement.
abn amro selling today
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