I am very negative on the current market, and not willing to have a heavy bet here.
We are reading the slowing global economics, and really feeling the panic.
Australia is one of the most lucky economics, not because of australia more deligent or more smart, just because austtralia got iron ore, and more important, China is booming up so quick. Now the time changed, everywhere is deleverage in finacial sector.
I am seeing if PLA not going to burn over any time soon, then when a heavy sell off power reduced, the market will be a dead cat rebounce. Like what I did before, one day or two day trade would be safe.
PLA is a stock with active trading, that is why I am still here, wait till the best opportunity comes
And short term trade, on technical points
And once the fundamental changed, I will consider value investment, but obviously, at the moment, everybody currently holding this stock,are losing money.
The rights issue only lower down your costs, and feed your pain, but not making any money at this stock at this stage.
PLA Price at posting:
8.3¢ Sentiment: Sell Disclosure: Held
