re: Ann: MMW: PAN: Anglo Pacific Accepts into...
Hi Mahanti:
Coincidence. I also decided to buy a bit more today (at $1.005, missed out at the 99 cents trades). I was already at my self-imposed limit with PAN after buying over the past couple of months, but I figured this might be another oversold situation similar to Aug11 or Oct11. The BHP and RIO statements this week seem to have created a knee-jerk reaction to resource stocks generally (even oil stocks were down!). The drop in spot nickel prices didn't help, either. I could be wrong, of course, on whether PAN is a good buy and whether it will drop further. Time will tell.
As always, do your own research and know your risk comfort/affordability level.
PAN Price at posting:
$1.02 Sentiment: Buy Disclosure: Held
