So far, that overhead resistance at around .98 has held PSA , very effectively .....
... your own foray yesterday, proved just how thinly traded PSA is, at present.
How will the liquidity be improved in the future???
With such a good story, everybody will be holding on to what they have already accumulated.
There's little point in making an issue to the institutions, as they are not obliged to hold PSA yet and would be longer-term holders anyway ..... and PSA has no need of the extra funds.
So what happens? ..... a bonus issue by the company to shareholders ..... that might help ??
At some stage one or two of the Top 20 shareholders may be enticed into some profit-taking ..... but that is surely a long shot too .....
Your thoughts would be much appreciated.
happy trading all
yogi
P.S. ..... holding PSA
PSA Price at posting:
0.0¢ Sentiment: None Disclosure: Held