You may well be right about 50c by March Joe, in fact it's quite possible I think.
My T/A guru, Rockon2 over at tenbagsfull reckons it will do an ABC reversal before it gets there. If he is right that would suggest a little rise, such as the one we're seeing at the moment, followed by a fall to last resistance, which could be 38c, then another shot at 50c.
I'm not so sure, I think it could just push it's way there anyway. March isn't an unrealistic time frame, especially if buyers are trying to get in before the half year as you suggested. Once 50c seems a reasonable price, that is when enough people have seen enough shares trade at that level to feel confident it's not a ponzi scheme, I wouldn't be surprised to see it get a fair bit beyond. My comment was intended to mean for longer term holders, that it would probably correct back to that afterwards which is when your fundamental analysis comes in again and everyone gets rational for a while.
PGC Price at posting:
42.0¢ Sentiment: Hold Disclosure: Held
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