Now Stevo, seriously mate I’m not going to state every time I’ve bought a stock and sold it on HC I'm comfortable with the way I'm going at present. I called it right when I stated that the ‘Rights issue’ price will be tested when PNA was around 50c+ and it has now twice tested the 30c mark and finally broken the support at 30c today. Now IMO PNA could well get to mid 20’s from here if things continue to capitulate overseas and Fridays are traditionally sell off days.
Copper price is important as the company has strong links to that metal but like I’ve stated many times in this market you trade the swings and look for signs to jump in and trust your gut instinct to jump the hell out of there and you gotta be quick. The markets are trading in 7% or 8%+ swings positive or mostly negative, just hope not too many people got caught with the stock when it was 45c+ on Wednesday as that was a costly move.
PNA Price at posting:
27.9¢ Sentiment: Hold Disclosure: Not Held
