Phis...When you use Lord Bell have the decency to spell it with CAPITALS thank you.
Have you looked at how much of Pen is owned by the non institutions ..Naturally with all the emotional turmoil that affects many of the little darlings hearts and the lack of firm purpose needed for achievement the share price will wobble. ..Fretting and buying and selling helps nobody but brokers commissions!!!
Only when "institutions raise their share holdings or new institutions buy in "will there be less running on the spot!! Institutions buy on improving fundamentals ...and despite our Loyal Band of Moaners fundamentals are improving steadily with solid production on course.
An increase in Institutional holdings will happen as more stockbrokers raise their price estimates for the year and years ahead.One major Australian broker has just raised his estimate for a year ahead to $4.81.
Make no mistake ...All going to plan" growth rates will pick up rapidly ,sales will blossom and strong cash flows will flow and the price will leap upwards.
Yes moaners will moan about the risk,the risk...Yes "All Moaners" that's why the price is moving between $1.30 and $1.40 and not yet at $4.81.....$4.81 plus plus is the Future payment for the Present Risk!!!!
So quite simply you pay your money and you take the chance!!!
All the Best to All
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