SRS 0.00% 7.1¢ spicers limited

There has been a lot of accumulation buying in PPX since the...

  1. 15 Posts.
    There has been a lot of accumulation buying in PPX since the start of the year. The company has been neglected by the market for years and is quite expensive on a P/E basis at current prices, but they have promised better things for 2009. It appears that fund managers are starting to accumulate a stake in PPX.

    The downtrend has bounced off the 61.8% fib level at $2.37 twice now and looks like it may break up through the $2.60 downtrend line soon and back up to $2.95 again.
 
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Currently unlisted public company.

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