PO3 0.00% 22.0¢ purifloh limited

Technically Speaking, page-741

  1. 33 Posts.
    lightbulb Created with Sketch. 37
    Can't argue with you on that....obviously a down trend. But are you factoring in the (very) low volume lately?

    Of the 10 lowest volume days since since Bill Parfet came on board in November with $9.6 million shares at $2.40 - nine (9) have been in February.  

    I just don't see - without any 'bad' news emerging - how the 'trend' would result in a drop in share price back to $2 - which is lower than the $2.40 per share price at which BP was happy to come on board.  And today we have seen 4% up - with an announcement due in a few days.

    Without wanting to criticise - I wonder if your analysis is just based on the slope rather than what is happening behind the slope.

    All good food for thought though. 
     
 
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