PNA 0.00% $1.84 panaust limited

I know it's early but I'm getting a little concerned about the...

  1. 128 Posts.
    I know it's early but I'm getting a little concerned about the volume and price situation.
    Can someone check my figures please
    Total vol yesterday was about 5,760,000 which is about 960,000 per hour right?
    Today as at 11:15 we had 2,500,000 shares traded which is about 2,072,000 per hour per hour right?
    So the price has gone from open $105.5 to $1.07
    That's a narrow spread with high vol compared to yesterday.
    So there is alot of effort with little result.
    My fear is this- Smart money selling into the positive ann/strenght.
    Now I know it's very early after the ann BUT it does cause me a little concern.
    Course I'll be proven wrong if the spread ends up being wide and the sp gets a move on later today
    Thoughts from tech tradrs?
 
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