weight of money driving this down flush weak hands so the big boys can average down and re-balance.
now in the auction period two sellers (220k, 200k) at $2.55 pegging it down further.
Obviously someone wants out and until that overhang is removed, we may see a lower price yet.
I hold, but did offload some on the way down.
Chart wise i now see $2.20 a possibility in this downward trend, the only thing that would reverse things is an upward move in zinc prices.
I thought $2.58 looked like a promising bottom after bouncing off there a couple times recently.
- Forums
- ASX - By Stock
- PEM
- any opinions people
any opinions people, page-5
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PEM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online