TMT - you should sit tight and wait for recovery. Last month two brokers - Citigroup and Canacord - gave a buy target of 70p. Also, a majority of IG spreadbet clients are expecting the sp to rise and two spreadbet brokers are recommending Petra as a strong buy. Unless you need the money, you should not sell at a loss but have patience - or even consider buying more at this low price.
Sp now down to 36.42. Although buys seem to outweiogh sells, PDL will, I think, struggle to get to 40+p because of the big debt - around $600 million - which the company carries. The BOD seems to be doing what it can to reduce the debt but it will take time - unless, of course, a really big diamond is found!
I have consulted my crystal ball, which is quite a good one (came from Poundland) and it says " Yes, it might make 40p this weekend - on the other hand it might not. Depends really on whether the CEO has had a good weekend and if his begonias are doing OK.."
RE: Of course the mkt is manipulated4 Sep 2018 10:01
PJ100 Chartwise, would you agree that the sp is at or very nearly at resistance? As as far as I can remember, within the last 2 years, the low was 23.80p on 18 Dec. 2017.
Some very large sells yesterday - one of 735,731 shares and another of 280,061.and one wonders if these are an indication that all is not well with this share which is now down by about 20% from last April's high.
RE: I feel that the explanation.....16 Aug 2018 09:47
Sukithedog - does it help to be so rude to other posters on this board? We are all in this share to make money and every poster is also entitled to express his or her point of view. However, comments like "silly post" really don't help and surely are best not made.