ladies and gentlemen could the selling be exhausted, page-15

The upside Joe is of course these sophs have blown there doe filling up our coppers, and then sold to you and I and other holders with a longer term view at a massive loss. It didn't do the share price any good of course, and if you had intended selling anytime soon you would curse them. But, I don't and this will all have been forgotten in 6 months as long as the price rebounds into the mid 30's. It's an opportunity I didn't expect and was about to delete PGC from my watch list. The same thing happened over at my old torturer ACL where I unexpectedly got to buy a lot of stock in the low 30's 6 months ago, it's nearly double that now, as will be this.

The lack of volume on a modest rise these last few days of the financial year suggests to me the long term holders weren't as spooked as I thought. There will be a big void of sellers in the 25-45c range that would have been a dreadful overhang, it seems likely those still holding are expecting much better returns, probably helping mopping up the selling until 30c was breached, then doubting themselves a little. A quick rebound to that price will reassure them. Technical traders will also be long gone. The risk is from those who helped prop the price at 23c.