Markie - I appreciated your analysis and voted you up :)
Agree with the HO shrinking approach.
Maybe a RHS for PXUPA - but certainly not textbook (but I am not a chartist) so will need to wait and see....if it is - then would expect a 30% rise :)
Do not believe there is necissarily a connection between PPX and PXUPA. PXUPA is debt wheras PPX is equity.
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