I agree, pullback definitely expected given the sharp run. No doubt D/T's all over it, but as GPO pointed out lot's of volume at 1.3-1.5 mark, so then to watch some big offloads at those levels made me think they needed to work on their timing a bit better if they were in it for just a quick buck. The good thing is it gave us liquidity that we have been starved of and more importantly a lot more people are aware of PIL and what they are trying to accomplish with Mass Specc. Of course I'm not expecting anything to drastically change in revenue over the next two qrt reports given the delays involved. But seeing how close they are now to achieving something quite unique in he Philippines has got to be catching the eyes of outside large companies wanting to break into that market by way of the EMI license.
PIL Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)