I have not checked the daytraders forum today, but I suspect that most of the interest today is due to the MD's current PR exercise, and that the momentum traders who have PIR on their watch list ready to push it along a bit every times it looks like going for a trot have added a bit of spice to the rise. I just hope new longer term type investors do not get put off by the gyrations in the shareprice.
So what is the positive today? The share price is up. PIRO rose 66% to 7.5 cents and if things stay where they are then they will be exercised to provide PIR around $1.8 million by end December 2010.
loki
PIR Price at posting:
26.5¢ Sentiment: LT Buy Disclosure: Held