Hi AllI thought I would post some thoughts on trading pattern of...

Hi All

I thought I would post some thoughts on trading pattern of PDN.
Some Forum members were concerned about UBS (I think this is the trading house name..) was shorting the stock..
It seems when I look across at some major mining stocks like BHP and RIO, etc there are commonalities in the trading patterns since last October.
At the moment, stocks appear to be trading under the EMA in a very similar pattern.
It also looks like they have either made a triple bottom or not quite hit the level of October or since bottom.
This gives a little comfort as we are not alone.
Only thing is where to from here.
Overall the trend in mining stocks appears to be sideways with slight downside on the EMA.
The question is what global events will trigger a downward... or when does it return to an upward trend even if it stays within the sideways trend?
I am not seeing a negative as yet in PDN, I think it is a global state of trading in mining in general and I would rather be in PDN then say GXY if you look at that trend pattern at the moment...
Keep positive and watchful.....
Cheers
PDG