Today's overall negative direction aside, we are witnessing just how lacking in dedication and committment some PDN shareholders are - the instos will now try and push the price down as hard and fast as they can before end-of-trading on Friday 17th Dec, in order to satisfy their % requirements for the index holdings.
As I have always maintained, you'd be a mug to sell now, as PDN, and every prospective producer will see their value increase dramatically when the market decides its time to buy - its amazing that the people we entrust with our investment dollars (super funds etc) take so long to pounce on an opportunity - makes you wonder, what with all their diplomas and business degrees and fancy-schmancy databases and analytical systems in place, why do they still cling to the herd mentality approach ("If my competitor is selling/buying, then so will I").
For those who panic today and sell, then cry later on that they've missed a golden opportunity, I have no sympathy....
ASX200 inclusion - 20th December
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Last
$15.50 |
Change
0.610(4.10%) |
Mkt cap ! $4.626B | |||
| Open | High | Low | Value | Volume |
| $15.00 | $15.50 | $14.85 | $20.41M | 1.337M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 999 | $15.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.52 | 400 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$15.47 |
Change
0.610 ( 4.74 %) |
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| Open | High | Low | Volume | ||
| $15.09 | $15.48 | $14.86 | 264850 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| PDN (ASX) Chart |