6 weeks ago PEM was trading at 3 bucks and cracked a mention as a stock to watch for all the right reasons in CY 2008. Having bought in during this period at $2.85 I remain confounded how rapidly some broking houses, have shifted from outperform to sell now to buy, with target prices set below what the stock traded at 6 weeks prior. All this has occurred whilst AMP have been exiting as a major holder. Compare the charts of ZFX and PEM to gain your own perspective. What is clear is that this is oversold and remains a LT Buy. Broker reports = Crapola.
PEM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
