Dogboy,
It's really hard to know whats going on short term, but a growing stockpile implies to me that the Chinese certainly are not scooping it up to hoard at bargain prices. I suspect they"ll use their own stockpile to keep a cap on the price, or at least to moderate any spikes. I don't believe the hedgies own the copper show anymore, if they ever did (wasn't oil their preferred toy?).
I'd agree caution, with PNA no longer a ST buy imho. I was happy to do an overdue trimming of my holding at 59.5, but will be riding through with the remainder for the long haul. Not sure copper wont return to $4 in the longer term.
EL
- Forums
- ASX - By Stock
- PNA
- might be of interest to pna followers
might be of interest to pna followers, page-6
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PNA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online