Ann: Trading Halt , page-23

Let's hope it was inside buying, but I think the activity is easily explained without resorting to theories we'll never be able to prove.

I bought quite a few up to 2.9 yesterday and some more today for no better reason that it broke through resistance at 3.1 cents. You probably know more about this company than I do shadders, no inside buying here. If you take a look at chalea's charting efforts you'll discover that he predicted today's high price using nothing more than TA.

Not sure which trading platform you use, but with mine (AOT under commsec) it's easy to see the top 20 movers by volume/value. PEN was at or near the top of the list early on. That's all it takes to attract a couple of day traders. It's not like it was a lot of money thrown around 15m shares is only worth $500K. When the dollars are that low, you can explain the activity by simply imagining 10 pensioners punting 20K of their super payout each and 10 day traders spending 30K each.

For the record, I'm not a day trader.... or a pensioner. ;-)

Z