Hi geoffo!!!
PET do seem to be under attack so to speak. I'm disappointed management has not made some sought of announcement. It would give help calm a few down.
Having said that, I saw the same pattern emerging this morning, and sold out quickly. Then we saw it rise to $1: "you idiot" I thought. Now it's back to 90 cents. I see short sales on Friday were just under 1.5 million so I suspect there may be some more downside yet. I haven't seen the updated ASIC total short positions yet so that may be more bad news.
What is disappointing also is the fact ASX have not asked any questions about recent trading. No body cares!!!!
Hold Tight.
Cheers!!!
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