PDY 0.00% 0.7¢ padbury mining limited

huge sell off, page-2

  1. 9,303 Posts.
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    It has gone quiet which is not all that surprising after a heavy pull back. Stock has broken down through a couple of potential support areas in just a couple of days. May have found some help around 2.8/9 but there was still pretty decent volume selling out today. A negative night tonight won't help end the week any better.

    I was busy and missed getting out early trade after the halt and found myself looking at it later in the day and thinking about waiting for the bounce back, even if a dead cat bounce. That is a foolish mistake for any trader because you never know where it will bounce back from. Would have been far smarter to bail with the volume and buy some back at these lower levels if I really wanted to have a bit to follow the exploration around Telecom Hill. I am curious about the potential there, nearology and positive drills suggest there is some interesting scope at that site at least.

 
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