That is a fair comment. However i prefer to buy stocks when there is blood on the streets.
I personally wouldnt leverege myself right now on pna or any other company. but buying quality stocks in this market is the smartest thing you can do. Im not much of a trader. im a long termer. I like the chew up the bargains.
And im not saying that pan wont hit 20cents. but i am saying that IMHO copper will regain its strength (in about 3 months i reckon) and pan will fly when it does.
even if copper does go to 150 it will be short lived due demand overtaking supply. its all a cycle. We're in a once in 30 year market (if not a once in 100 year market) and im taking the risk. bargains everywhere (not just pan)
PNA Price at posting:
23.7¢ Sentiment: Buy Disclosure: Held