@angelyoung - The PDN share price, if you have a look over the last 4 years especially since the 2011 Japan tsunami, has been characterised by some sudden dops, but then corresponding increases of between 10% and 100%. Note that all this on a descending trend line.
So while the SP is trending down [finally now trending up?] a number fund managers have played it up and down, especially in the most recent 28c-25c range. Buy at 28c, pump it to 33c, sell, drive it down again, bit at 30c, pump it up to 33c and sell - rinse/repeat. At retail investor level, plus with a share at the time that had no huge buying interest, it has been ripe. UBS as an example did [my estimate] 10-15 3c to 5c gains over a fairly short period. Now there is genuine interest on the buy side it will be harder to do.
Check out the graphs and you'll see what I mean.
Daily Chart, page-55
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Last
$7.34 |
Change
-0.130(1.74%) |
Mkt cap ! $2.195B | |||
| Open | High | Low | Value | Volume |
| $7.43 | $7.57 | $7.25 | $38.04M | 5.116M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40 | $7.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.38 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |