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Parallel Energy Trust T.PLT.DB


Primary Symbol: PEYTF

Energy Oil & Gas E&P


GREY:PEYTF - Post by User

Parallel Energy Trust > Mgmt says
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Comment by jdn55on Oct 04, 2012 5:06pm
180 Views
Post# 20449486

RE: Mgmt says

RE: Mgmt says

My Scotia broker spoke with mgmt today as he has a fair amount of PLT on the books. Feedback is that there are no issues re: fundamentals and an institutional seller was reponsible for sell-off which conforms with what many here have already stated.

 

When these institutional guys start to sell they are ruthless and you get that snowball effect with margin calls and panic sellers added into the mix which contributes to the downward spiral. Witnessed the same thing with PBN and my gold juniors. The markets aren't always rational.

 

Should be an intersting day tomorrow. May add a little.

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Dealroom for high-potential pre-IPO opportunities