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Online Share Trading

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What's going on here?

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MehmoodHaffejee
Frequent Contributor
Almost 6th straight day of losses. Directors selling off shares. Is there something going on here...or have I already answered my own question?
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7 REPLIES 7
AP
Regular Contributor
I've sold my PNC shares shortly after announcement of midyear results and the sell-off that followed. It is still on my watchlist, but will only get in once a have positive signals that it is recovering
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Franksays
Frequent Contributor
Directors will always be net sellers of shares. Is PNCs results in line with your expectations. If so, then why sell? If not, then sell.
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MehmoodHaffejee
Frequent Contributor
Thanks guys! As Simon would say; stick to your plan, take emotion out of it. Know your exit strategy when you buy into the share. Admittedly, this share has run hard...so some market correction is also understandable. Will see how things unfold...
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MehmoodHaffejee
Frequent Contributor
PNC just passed the R22.70 support level... Not looking good!
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Not applicable
things are not looking good!
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Not applicable
how low can it go?
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Pepi
Regular Contributor
I don't think too much lower C+K - Perhaps their next reporting will surprise after bedding down their recent acquisition into the "service" side of their model.
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