Evening Guys,
IMO the Debt Funds are using this liquidity to accelerate their selldown of PDN shares.
A breakout in PDN is also going to be accompanied by a material drop in liquidity as the two are interlinked - i.e. PDN will break out once Debt Funds have no more shares to sell. Thus PDN may have a delayed reaction relative to other sector participants, but when it moves it will be rapid.
IMO utilize this temporary liquidity to your advantage.
Cheers
John
Last Chance Under 20c?, page-61
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 (20min delay)
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Last
$8.20 |
Change
0.460(5.94%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.04 | $8.32 | $7.90 | $30.65M | 3.704M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $8.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.22 | 2649 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
