The PAA chart continues to bemuse. Smashing 5% higher in the opening auction- all on less than $5k worth of stock.
The flimsy low-volume foundation suggests that it could come back to test the breakout point, but hell why not enjoy the ride?
With the cult-like mentality of most PAA followers (me included) it would be interesting to know how much free-float there really is? Top 100 are accumulating, but are the smaller holders still holding with white knuckles to infinity? What about all the stock that Alto Capital clients got at 2.5c - have these guys been selling between 3 and 4 bags over the past year or are they still onboard? Havent heard from Tony Locantro for a while- no skin left?
Anyway, if it is mostly the diehards left, then a low volume upwards trend may very well be sustainable????
PAA Chart, page-4
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 (20min delay)
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $99.65M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 20.0¢ | $38.24K | 186.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 470653 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 99022 | 4 |
View Market Depth
| Last trade - 12.16pm 29/07/2024 (20 minute delay) ? |
| PAA (ASX) Chart |