I feel PNA now looks bearish, PE 12, most other resources are...

  1. 207 Posts.
    lightbulb Created with Sketch. 11
    I feel PNA now looks bearish, PE 12, most other resources are lower so PNA might have further to fall...will consolidate at its low for a few days I have indicated on previous posts this may be around $2.80 (only my guess) then hopefully will bounce up hard....I hold and will moderatelly accumulate below $3.00....
    If it re-tests its lows of last year at $2.40 and holds, It would suggest a great buying opportunity.....China slow down will pass, Copper supplies are falling,so Copper prices should hold firm
    Any weakness in this stock I believe is a good buy if you like resource companies.
    MGX is another company which also offers great value once sentiment re-bounds.
    I hold both, as always investors do your own homework!
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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