Exit Strategy

Oh Prima, here you go again. There is nothing to stop PRR now sliding back to two cents, and I'm afraid, probably below that. Sure great news pumped it up to 16 cents a few weeks back, but look at it now.
Have a look at the slide down to two cents recently, and you will see it about to happen again.

I'll show my hand. I really wanted PRR to kick on up. I think everyone got exited at the massive jolt in price recently, but the pull back has great. I just sold all of my shares in PRR, and wished I had done so earlier. If you are looking to take any profit , do it soon, because remember, every cent down now, is a big percentage drop in the value of your shares.

7c down to 6c - you loose 14 %
6c down to 5c - you loose 17%
5c down to 4c - you loose 20%
4c down to 3c - you loose 33%
3c down to 2c - you loose 50%

Need more reason to sell: On May 21st PRR was 16 cents, Today, only 26 days of trading later it is drowning only barely above 7 cents, and will sink like a rock.

Is it a good company - yes. Does it deserve better - yes, but this is the reality of trading. when a share is loosing value this rapidly, don't bleed any more.

Good luck to all,

Bel