Two consecutive HCposts re: PCK last Friday afternoon got me thinking:
“Jsid85 - Posted25/10/2019 Time 13.26
- haven't paid much attention lately but there's lots of little buys today.Few thousands here and there. Almost like people are just getting what they canwhile it's sitting just above .30. Bring on next weeks Q.”
“fattchoi – Posted25/10/2019 Time 13.46
- The bot activity is doing a fine job of creating an impression of shareprice pressure. This is causing weak hands who bought at higher prices to giveup their precious. Just watch every day's closing auction. The bot will alwaystry to close the price lower by 1 or very few shares. A sure sign of botsaccumulating from the weak hands.”
Jsid85 & fattchoi,Thank you and I would like to state my great respect for your ongoingobservations or point of view, mine are, as follows.
Last week at the closeof market each day, the daily fluctuations of the PCK share price resembled aSecurity key with so many ups and downs, within a quite finite range.
It seems to me that “the bots” mission is to keep the share price down to$0.31.5 cents or below, (HC end of trade) 24/10/2019 = Market Cap $297.7M, orjust below $300M.
My guess is this will persist untilAGM 20/11/2019, as more shares get issued the price will have to beforced down further. HC Close oftrading 25/10/2019 – PCK @ $0.305 = Market Cap $288.3M.
Not sure if this keeping the PCK Market Cap sub$300M is in the best interests of the normal shareholders.
