The way PEM is going you have to wonder if the hedge funds are smeeling blood and are pushing PEM to the extreme...
The fall from $2 to now $1 is very dramatic on very high vol.
While I hear the FA guys scream value now, money in the bank etc and all that, in this market that is counting zilch.
I dont hold PEM just TA wise PEM is looking horrible.
Cheers
Muzza