APC 0.00% 0.1¢ australian potash limited

Limping back to 8c, page-23

  1. 10,010 Posts.
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    I think if we get the pump results data out and if good as expected it might give a reason for some of these retailers to back off.

    Many will be underwater in other quality stocks and it is always tempting to sell off some stock that is level pegging or ahead and support another stock that seems cheaper. The pattos underwriter sellers (2 of them I believe) are almost done but are only selling at 8c or above so the rest are just retailers.

    Until we get news it probably won't move much past 8c as there is still panic around amongst inexperienced or naturally fearful investors. Once news comes out we will see 10c plus and are gradual re-rating imo.
 
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