Will this help to push the price higher??, page-5

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arsenic

15,765 Posts.

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13/01/17

09:46

Post #: 21867671
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Originally posted by Gavin917 ↑

G'day J6...

Always good for sentiment. It's about 287,000 lbs. Not about to lift the roof off, but can't hurt sentiment, and they'll logically be a price insensitive buyer, giving way to momentum at the moment. Would be nice.

Sounds like there is a bit of a street fight going on now with personal remarks. I think the price direction is proving itself over argument at the moment - Argument seems not to be required. But sad to see such passionate commentary without skin in the game.

I always take the sane logic that those with the deepest pockets and most skin in the game bring up the best research and insight. The rationale is a simple, not a conceited one. They have to back it with cold hard cash so it requires more than just glancing and relying on a notion and sticking to it (no matter what new information is bought forward). Of course, it requires some patience too.

So it will be interesting to see if this plays out as we expect.

If the share price tanks back down (into the 30's, at peer comparison of some $60m AUD Market Cap...wow?) like one expects, then s/he can fairly be considered masterful. By the same rule however...if price doesn't comply with this expectation, you'd have to call whoopsie.

Cheers

Gav

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I've had them on igonore since the first 5 posts or so but you'd have to say if they'd enjoyed being right in the fall they'd have to take it on the chin in the rise. As an old boss once said to me 'be nice to people on the way up you may well meet them again on the way down.'

PEN Price at posting: 85.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.4¢		Change -0.002(2.33%)		Mkt cap ! $267.7M

Open	High	Low	Value	Volume
8.5¢	8.7¢	8.3¢	$804.4K	9.535M

Buyers (Bids)

No.	Vol.	Price($)
8	870212	8.3¢

Sellers (Offers)

Price($)	Vol.	No.
8.4¢	64857	2

View Market Depth

No.	Vol.	Price($)
7	864188	0.083
9	755601	0.082
13	1257099	0.081
20	2868094	0.080
4	530001	0.079

Price($)	Vol.	No.
0.084	64857	2
0.085	411176	5
0.086	231810	5
0.087	262085	1
0.088	180001	3

Last trade - 16.10pm 13/11/2024 (20 minute delay)

PEN (ASX) Chart

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