PET 0.00% 2.5¢ phoslock environmental technologies limited

Here's another way to look at it. The main shareholders sold a...

  1. 192 Posts.
    lightbulb Created with Sketch. 14
    Here's another way to look at it. The main shareholders sold a big parcel to an Institution who generally can do better diligence than retail. Why would they pay in the $1.3s if they didn't believe it's worth more. I saw the same happen with PPH recently, just to name one from the stable of gloom and they are now trading 10% above Director sell down, having been 30% below and the punters were all crying about share price. If we are right and the story is still intact and probably getting better then wait for the blue skies ahead. I'm no Chicken Little and the sky isn't falling....so I just keep buying every 10% fall.
 
watchlist Created with Sketch. Add PET (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.