Well Aka, I gave up on the who is selling them with PLV...theres always someone offloading/trading....and there is always a scapegoat. JPM copping a lot of it for a long time now.
Whos buying is of more interest to me now. The reasons to buy (for me) became more compelling than the reasons to sell.
This has not been the case perhaps for near on 2 years!
When you watch/gauge sentiment as I do you see that the questions/vibe/attitude in this forum and the market reflect that sentiment.
When times are good, the question becomes; "Who is getting set/buying in"...and the mood is good.
When bad its "Who's selling?"...and the mood is generally negative or indifferent.
If some posters actually really understood this, the attitude in reply to posts would be more much 'can do' or this is what we need to do to get to this point....without the personal attacks/cheap shots.
I've said it before - there are some here who could change that attitude markedly if they chose to.. and put aside personal agendas.
Hopefully with the companies fortunes seemingly turned around and solid reports perhaps on the way, this overhang or technical sticking/resistance point will be dealt with.
Production, shiploads of IO, pending reports, media, announcements etc imo have moved out of the negative zone and into the positive zone.
This is why I continually ask questions where I see gaps in info. This market is cautious. The more complete the facts and the storyline is, the tighter/better the case for buying in.
You deal with the tough questions - it then becomes a walk in the park.
I'm no T/A wizard...or apprentice for that matter, but that word sentiment underpins both F/A and T/A imo.
Production increasing. The IO underground is becoming more widely spoken about (the BIG blue sky to go with the blue sky at Irvine).
PLV is in transition. The negative is giving way to the positive.
Its now not 'if' but when for a move upwards...it wasn't always that case.
PLV Price at posting:
22.1¢ Sentiment: None Disclosure: Held
