Penbar Capital Ltd V.PEM

RE: RE: Forget the Charts..............

[zBankerz]

I would say if PEM trading in the 40s is a good thing, good entry point to move up from here.... Look like bottoming out here.... Look at VTR which traded a while in the 40s before moving to 70s - 90s... Since PEM has moved up a lot, you have to allow time for people to take profit before taking off again.

Somebody asked for market depth.  Here's Level 2:

Time and Sales

Time	Price	Volume	Buyer	Seller
12:52:00	0.460	3,500	Citigroup	TD Sec
12:52:00	0.460	4,500	Citigroup	TD Sec
12:40:00	0.460	3,000	Citigroup	Jitney
12:32:00	0.455	2,500	Scotia	RBC
12:32:00	0.460	2,500	Citigroup	RBC
12:22:00	0.460	3,000	Citigroup	Jitney
12:21:00	0.460	2,000	Citigroup	RBC
12:18:00	0.465	2,000	CIBC	TD Sec
12:17:00	0.465	100	Interactive	Union
12:16:00	0.465	2,000	CIBC	TD Sec

Market by Price

Bids
Total Size	# of Orders	Price
2,500	2	0.460
22,500	3	0.455
28,500	4	0.450
22,000	4	0.445
66,600	6	0.440

Asks
Price	# of Orders	Total Size
0.465	3	63,500
0.470	2	51,000
0.475	1	15,000
0.485	5	48,500
0.490	2	20,111