PNV is easily shorted because there are no heavy hitter investors on the books to pickoff the shorters. And it'll never have heavy hitters with management like this - zero focus on investor returns. what kind of fund manager would invest when the chairman trades in and out of the stock in the blink of an eye.
most ASX listed companies are not blue chips - it's common knowledge amongst most investors
Buffett "Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1". What he actually said about 10 years was “Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.” and his favourite holding period is forever but in reality the average holding across the portfolio has been 7 years because of rule no 1.
these supposed investors keep referencing long term but 4 years is not a short timeframe and certainly not 5 months. They seem to think cheering for poor management is the way to go. They even cheer 75% losses because it's an "opportunity" - quite amazing really....
Buffett would have sacked the lot ages ago or sold out (not that he would've bought into a spec like this in the first place)
PNV - Banter and General Comments, page-10453
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Last
$2.08 |
Change
0.050(2.46%) |
Mkt cap ! $1.435B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.09 | $2.01 | $3.563M | 1.737M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3195 | $2.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.09 | 12574 | 3 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$2.07 |
Change
0.050 ( 1.95 %) |
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| Open | High | Low | Volume | ||
| $2.01 | $2.09 | $2.01 | 315933 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| PNV (ASX) Chart |