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Ann: Perenti supports IGO through the Cosmos transition, page-42

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fxlapt

101 Posts.

16

07/02/24

13:23

Post #: 72283766
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Originally posted by picker9: ↑

PRN is one of the many manipulated stocks.

The large institutions that you see coming on as substantial holders (MUFG more recently) are using algorighmic trading and bots to push the price down.

Management do the right thing by using buybacks (and soon dividends to create a floor). They are in a blackout period, so have suspended buybacks - so bots can push and push down on any news. They also use borrowed stocks to effectively sell to themselves.

Got to look at fundamentals, but realise that the price will be moved around.

I have been watching PRN for many years and have picked this as a time to get back in.

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Wrong call bud. Today is th day to get back in. 76 will prolbably be the floor. Jumped in and up to my snotbag in PRN.

PRN Price at posting: 81.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last $1.01		Change 0.000(0.00%)		Mkt cap ! $961.6M

Open	High	Low	Value	Volume
$1.01	$1.02	$1.00	$2.045M	2.021M

Buyers (Bids)

No.	Vol.	Price($)
1	20285	$1.01

Sellers (Offers)

Price($)	Vol.	No.
$1.02	6920	1

View Market Depth

No.	Vol.	Price($)
1	20285	1.010
1	19756	1.005
8	145242	1.000
1	6920	0.995
3	9489	0.990

Price($)	Vol.	No.
1.015	6920	1
1.020	84904	6
1.025	82896	4
1.030	31703	3
1.035	126173	3

Last trade - 16.10pm 04/06/2024 (20 minute delay)


Last $1.02			Change 0.000 ( 0.23 %)
Open	High		Low	Volume
$1.01	$1.02		$1.00	858860
Last updated 15.59pm 04/06/2024 ?

PRN (ASX) Chart