PEN 0.00% 10.0¢ peninsula energy limited

A re-rating is different to a rally. IMO, there may be a rally...

  1. 629 Posts.
    A re-rating is different to a rally. IMO, there may be a rally on further newsflow, but unlikely to hold gains for long. Brace yourself for hysteria. At $1.50 the bitterness of the last few days will evaporate and everyone will be strutting around like geniuses again. Many will try to convince you that a fork is actually a spade and that the gains are permanent. If you've done your own realistic and objective valuation, then you'll be able to ignore the posting to book and judge for yourself when the MC is too high, and unlikely to hold.
 
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