That's right Roberto, it makes great sense to reduce your losses...

That's right Roberto, it makes great sense to reduce your losses when SP is going down. I'm sure this sort of selling is happening here too. The SP got to 3.9c with the knowledge that a CR @ 1c was going to happen.

Almost half the volume on ASX today was one seller of about 10m shares - probably, in my view, a seller to lock in profit rather than to realize a loss - look at the huge volumes that were traded from Jan to April sub 2c.

You are right in respect to very recent buyers being in the red though - in fact all those who bought after the CR record date and are still holding , are in fact in the red.

We really don't know exactly why others are selling which is forcing the SP down, but I don't believe it is because of some serious problem with PLP going forward, so I'm seeing an opportunity here when the price is retracing which normally happens after a nice run up.