TSXV:PEM.P - Post by User
Post by
zBankerzon Jan 18, 2010 11:03pm
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Post# 16693174
Level 2 at the close today
Level 2 at the close today@ 54 cents is a bit disappointing, given the drill results, 3 more holes yet to come and the conference yada yada... It was basically up only 6 cents from 0.48 (Wed close) to 0.62 (Thur close) to 0.60 (to Fri close) to 0.54 (today close) with the NR on Wednesday evening.... I would have thought it would hold above 0.60 when the recent NR results are that good?! People are taking profit without giving regards to any future potential of PEM (more news, more results, more update on resources etc...). Is this a good thing? Is this really a consolidation to form a new base at mid 0.50s to move to new highs? If it falls below 0.50, it may go all the way down to low 0.40s which is actually below 0.48 before the NR. What does that mean then?
Hope better days ahead in the next couple of days.