Just remember why they went below 7c. They were forced to fess...

Just remember why they went below 7c. They were forced to fess up to ASX that they could actually lose money in 2001/2002 rather than earn $12.3m profit. That's a big change and not a very comforting way to find out for all those shareholders that believed the market was dramatically overselling PWR.

So sentiment is unlikely to change except for those who see a temporary bounce. At least the day started slow possibly indicating some relief from institutional selling.

And no, dead dogs do not bounce higher than dead cats. This is a desperate aimless company IMHO.