Not sure it will be the last cycle of stock bashing, PEN has been like sticky fly bait in that regard.
That said this is reminding me very much of what occurred in early to mid 2010. Plenty of bashers and I felt like a voice in the wilderness. Then as I said would happen, happened. The bashers (one in particular that I believe is still here) turned at first to a more subtle, positive slant then late 2010 it was on with a continued increase in SP and no more bashing. However they returned in force...then came Fukushima :-(
Not sure PEN will hit those highs again, in my time anyway, however I am very confident this will not last as long as some here would have us believe. I have long stated Japan cannot afford to continue on the current energy path, now others are echoing this and I am certain business and govt of Japan are very aware of it.
Argentina has kicked in, China will in a big way and IMO Japan is an inevitable re-start.
Simply a matter of time and it would not surprise me if it turned very quickly leaving many in the wake wondering what happened. I definitely don't believe there will be a big bright green light and star spangled banners announcing the turn around, it will simply happen. The short covering will speed it along very nicely.
All in my humble personal opinion of course ;-)
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Last
6.2¢ |
Change
-0.021(25.3%) |
Mkt cap ! $197.6M |
Open | High | Low | Value | Volume |
7.6¢ | 7.6¢ | 6.1¢ | $8.401M | 126.7M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 2735758 | 6.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.3¢ | 494493 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 2490861 | 0.061 |
26 | 3014378 | 0.060 |
11 | 839551 | 0.059 |
6 | 2263059 | 0.058 |
3 | 90800 | 0.057 |
Price($) | Vol. | No. |
---|---|---|
0.063 | 113635 | 3 |
0.064 | 570000 | 5 |
0.065 | 1252967 | 7 |
0.066 | 220000 | 2 |
0.067 | 323253 | 3 |
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