PEX - time to buy, page-104

Funkbunger, the last 5 years most of explorers took heavy belting most of them are down 80-90% and printing billion of shares. PEX hasn't print shares for 3.5 years. Just look at FMS, SDL etc. and DML (Discovery Metals) and TON gone bankrupted.

Apart from 2013 that 75c share price rocket, you need to take baseline (avg price of 5 years) around 25c, so 16c is only down slightly compare to other explorers.

Anyway, Friday's run was a bit disappointing. However, when it was at 19c and I think only 150K to 200K shares left on the sell side with most of them above 23c, I began to worry about sell side too thin. Because we could have gap-up to 25c (ie jump from 19c to 25c with many gaps) than it could be pump and dump. But that didn't happen. Sellers made sure price didn't run away without any news and get a speeding ticket from ASX.

At after-hour auction (from 4pm to 4:10) I was planning to buy up some shares to make sure PEX closed at 18.5c (not 15.5c), but decided not to interfere with the market (ie let market determines the closing price). I think most of holders would be happier if it closed at 18.5c slightly below 19c high. I was also aware previously there is always someone wants to make sure PEX closed low eg previously with $500 parcel, Friday $1100 parcel.