quackie, Im aware of what your saying, however in comparison to other shorterd stocks on the asx, pdn has attracted a relatively larger number of shorters than its counterparts. This IMO is a true reflection of the negative market sentiment towards this company, and therefore a primary driver of the sp. Ask yourself, what fundamentals drove this sentiment?
Why would you want to invest in a company that's 'a good stock viewed bad by the market' or a stock that's 'very good but out of flavour'? Wouldn't you rather just make money? Dude, the market is king, and it can remain irrational longer than you can remain solvent..
Dyor
chill and enjoy the thrill.., page-23
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Last
$10.40 |
Change
-1.260(10.8%) |
Mkt cap ! $3.109B | |||
| Open | High | Low | Value | Volume |
| $10.77 | $10.77 | $10.15 | $58.97M | 5.696M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $10.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.40 | 2536 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |