deidre, page-17

I'm posting on PNA because it was a protected species mainly by two institutions pumping it up as a strong buy to their private clients when all and sundry was capitulating.

How many people on this forum have tried to catch the PNA falling knife??? First point lets see if PNA can hold 30c it will be under massive pressure if we have a rough night overseas tonight.

No need to get personal I call it the way I see it and right now I wouldn't touch PNA as we just don't know how far the copper price may pull back.

In addition 1.4Billion shares on issue is a massive over hang with many institutions who have tens of millions of PNA shares re balancing their over weight positions in the resources sector.

If PNA can't hold 30c then we are looking at 25c or possibly 20c, so there is no point rushing in to try and take on the might of this institutional sell off. No matter which way you see it today’s announcement by PNA was a desperate move to stabilize the stock by pumping up its low grade gold project which will only see production in 3 years time.

Copper is currently down 13.5% to $2.15 usd per lbs, WOW that is some sell off.