I was watching PSA today Jocam and the immediate reaction on its...

I was watching PSA today Jocam and the immediate reaction on its return following pre-open was for people,albeit small holders, to sell it down to 33.5. I can't see too many people (other than those with a good understanding of the area.........and bearing in mind PSA's past "expenditure") seeing too much positive in spending/speculating 500,000 US dollars on new leases.

I'm sure they know what they're doing in the area but I can't see news of expenditure like this with very little explanation as to the reasons for the purchase being met too positively, esp when the market won't even react to their Feb revenue figures.

Looking forward to the coming activities report,hopefully they can get themselves a bit excited!.

Cheers,

Ed.