This is a stock that I hold and believe in mainly because of the management and its diversification.
Having said that I still think that there is more downside to come before it turns.
Technically there is a gap on March 13 @ $11.07 that needs to be covered and I think the SARS problems will be enough to do that.
Then with the Virgin float and when this start to get back to what may be thought to be normal we should see this stock rise to cover the Nov02 gap at $13.98.
This stock needs to go up through $14.50 to break its down trend.
I still need a bit more than that to cover my cost to date so I will be looking to top up around the low $11.??
Well thats what I think....for what its worth......
Regards
Stuart
PRK Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
