Ever positive POS. hope ur right. It certainly makes sense that the current sp carnage is just as a result of rbs selling their allocation at small profit or breakeven- sure they still get their "fees" for the raise and any slight mark up. i assume it is them putting the chocks in at .035 which is probably their cost when options etc taken into account. You would think that once 30+ million shares have changed hands things should settle as cr dumpers should be done- unless there is a genuine problem we dont know about. From a fundamental point of view could definately be a low in place, but technically just looks like the start of a new and serious downleg. Guidance please NW et al- something other than the pre recorded message thats been running for the last 3 months please.
PYC Price at posting:
3.5¢ Sentiment: None Disclosure: Held
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