PSA 0.00% 2.1¢ petsec energy limited

not very well understood, page-3

  1. 10,432 Posts.
    lightbulb Created with Sketch. 2049
    I can well understand clients of BBY being sellers now because soon after the release of their firm's recommendation in Nov the shares traded for $1.46(Nov 26) so they're now down over 25% and people do like to cut their losses(in fact we're taught to do so).These investors were relying on their firm's recommendation without knowing much if anything about the stock and probably today still know nothing about PSA as they sell out to cut their losses.
    I'd be more concerned about Merrill Lynch being a seller as somebody else posted earlier today.
    I think PSA should have at least told us today the width of those gas sands to keep the market properly informed.
 
watchlist Created with Sketch. Add PSA (ASX) to my watchlist

Currently unlisted public company.

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