PLA 0.00% 6.7¢ platinum australia limited

pre open buying support strong, page-5

  1. 7,719 Posts.
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    I think that 8c will be very strong support from now on (natural sellers will probably be scarce under 8c). SP has pushed through really strong resistance at 8.2c.

    I also think that this will oscillate or zigzag upwards until a few days before the next quarterly report is released at the end of April. Psychology is a funny thing when you are expecting good news, and that is what I expect.

    I also cannot see why you would sell for less than 9.7 cents or so, if you have held for a while - close to the 10c psychological target.

    The announcement has really given me an appreciation of Lewins, or whoever thought of presenting the information in the way it was. Very clear, and no vague language required to convey a turnaround in ops. Textbook example of a well considered announcement.

    BTW - I'm often wrong. DYOR

 
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