If you go back to the 15/02/2011 and look at the chart posted by Lindfield you can see that PAN has now fallen through it's longer term support. And PAN is not alone in this respect with quite a few others in the same boat,...... eg EQN,MGX,GXY,MRE to name a few.
A falling copper price, (I know PAN aren't a big copper producer),nervous world markets, a tightening of credit in China are amongst the problems assisting PAN in it's retrace.
I'm not holding many "longs" at the moment as I think you may need nimble feet if you're in the market in the near future, and my job doesn't give me that flexibility.
PAN Price at posting:
$2.23 Sentiment: None Disclosure: Not Held