PSA 0.00% 2.1¢ petsec energy limited

hear that sucking sound???

  1. 6,389 Posts.
    Hear that sucking sound???

    It sure isn't the gas being pumped out of those PSA wells - it the regular sound of the PSA share price having the wind sucked out of it as the PSA BOD and management contemplate their collective navels and try to pull their collective heads out of their you know whats.....

    The best way to play this company is to wait until there is an announcement - one of those rare events that seldom sheds enough light on what is actually going on at the company - and the share price goes up based upon hype...and sell every share you own BECAUSE then....

    Then all you have to do is wait for the inevitable sound of silence from the company about its actions and then watch the share price give back every cent of its gains and more....and buy back and wait for the cycle to repeat itself......

    SO having seen the share price fall back about 10% from its recent high of $1.46, the bottom shouldn't be too much far away.......

    After all what other company on the boards regularly looses such great amounts of market cap on small volumes of shares traded??

    Today down over $7 million on 31,500 shares!!!!
 
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Currently unlisted public company.

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