PNA 0.00% $1.84 panaust limited

huge volume and just crazy, page-2

  1. 10,605 Posts.
    lightbulb Created with Sketch. 26
    It is one of the higher volume days but it doesn't necessarily tell you anything.

    It could be dumping - but then someone has to be buying also.

    It could be a large trader trying to get in - they sell stock in order to get others to panic and sell lower thus allowing entry at lower and lower prices.

    it could be bad news coming - possible if the recent buy orders for the Phu Kham fall over because of collapse for demand in China.

    Volume alone doesn't really tell you anything.

    I would say that it wouldn't surprise if tomorrow the s/p bounces back up making a short term (overnight) buy maybe worth looking at.

    Cheers.
 
watchlist Created with Sketch. Add PNA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.