PRU 3.28% $2.36 perseus mining limited

Coming Quarterly, page-4

  1. 9,948 Posts.
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    Good call, i sold out my entire holding $100K thurs fri, i will buy again and try to pick the bottom again 35-42, it has bounced off the 40-42 level 3 times now and seems to have found a new base - the short sellers came in fri arvo with 3M shares and sold it down. We have seen this before and it has been lethal - when they sold it down 88c-21c and again 70-50 three times and again 52-42 3 times all in the last 12 months. It was a rollercoaster. Trying to catch the bottom was difficult even for me and my broker.

    The merchant banks who are the largest holders of this stock control it , they are playing with it like a cat and mouse. I felt the pain of not selling at 64c last time to see it collapse to 21c, my broker told me even he did not buy at the lows as he didnt like what it was doing in price action, i bought again at 55 and 29c and caught the upside, so made a 3K profit and got my capital back phew. $100k is not worth losing, but trying to turn it into 200K with this stock is the goal.

    Tactic- wait for pullback after ann poor QTR results and if large volume downside then you know its the banks in there shorting it, once you see stable price for 3-10 days and bounces off a bottom maybe higher volume then the banks will be then going on the up buying spree again
 
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Last
$2.36
Change
-0.080(3.28%)
Mkt cap ! $3.247B
Open High Low Value Volume
$2.38 $2.40 $2.35 $9.639M 4.072M

Buyers (Bids)

No. Vol. Price($)
9 135303 $2.35
 

Sellers (Offers)

Price($) Vol. No.
$2.37 98183 3
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Last trade - 16.10pm 09/09/2024 (20 minute delay) ?
PRU (ASX) Chart
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