Good grief - this is horrible! Thank goodness I sold at a good time for a change. What on earth is going on behind the scenes??

i can see no reason for the precipitous fall in PET ...... so assuming there is not something sinister lurking and it is just a result of forced sales or computer triggers or similar, i would hazard that sp is within a copper or two of bottoming out and bouncing

IEC interstingly shows similar chart today and has bounced. Spooky.

IG now quote 86/91 which is spot on the level i reckon should give support ...... not in buying mood myself, but i would be surprised if one could not deal well inside the quoted price, and would make an interesting punt, or at leasst better than many

too clever by half .... it's now 94/97!

BOING!

Thanks cynic.

That's an answer at least (474)

I guess Lex is facing his own funeral in PET very soon. Don't blame us that we didn't warn you. If you are smart, SELL tomorrow.

wrong (possibly)! as a play, it may prove to be a good time to get in .... read the few posts above

FWIW I have never shorted PET nor at the moment do I have any intentions to do so. Some here watched the SP hit giddy heights last time around only for a catastrophic collapse to follow. No wonder posters are somewhat dubious about their credentials and ability to make the all important deal and even if they do it's a long way from there to move the oil and turn a profit.

pth

bear raiders...........are pilling in today again!

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While PET is certainly no pet of mine, i am glad to see that my call yesterday re support and bounce at 91 was spot on with sp now 107

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Lex, you must be relieved: it's finished above the 100p mark.

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perhaps if i had been smart or quick or brave i would have backed my own judgement and bought .... but i was none of those!

I spy an age old excuse - stops, shorters, etc, etc.

The normal thing, however, is that is worth what the market thinks it is worth at any given time. Normally that is at odds with your personal belief and if you're arrogant enough you get fried. The market is always right.