PSY’s action this session was disappointing to say the least, down 9.5% on steady volume of almost 500,000 shares traded. In my opinion today was a fair indication of how the market feels about the company especially after a substantial shareholder report from one of the management.
Some posters here feel that there is a lack of communication from the company, I disagree, and a strong message was sent when shares were purchased a few days ago, regardless of how many.
However we should also take into account the sentiment of the whole market, a falling tide lowers all ships and in better times an announcement like the last may have had a positive effect.
These are uncertain times and markets hate uncertainty.
Hoping for a comeback
Cheers Fid
DYOR and IMOO
PSY Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
