Penbar Capital Ltd V.PEM

Primary Symbol: V.PEM.P

Penbar Capital Ltd. is a Canada-based capital pool company. The principal business of the Company is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation by completing a qualifying transaction. The activities of the Company are initially limited to the efforts to identify and evaluate the acquisition of assets and business, which would represent a qualifying transaction for regulatory purposes. The Company has not commenced commercial operations and has no significant assets.

TSXV:PEM.P - Post by User

Penbar Capital Ltd

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Post by greenpastureon Aug 31, 2009 2:39pm

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Post# 16264837

First week in Sept

It is really looking like we will have a bit of correction again this year on the general market for at least the first week of Sept. Most are moving back to their 40 and 50 moving averages so caution is the word. PEM already there and did the same thing Aug 12 with a breech of the 40 and 50 averages. Volume dying off so even .28-.30 will be a chance to add a few. Still like this one but will not hold up the whole market for sure. DOW looking like it could pull back as low as 9000 before taking another run at 10,000. Cash is ready.

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