PPX share price looking weak

Posted May 15, 2012                                                                  Twiter: @PaperlinXsuX


Maybe this weakness will attract more directors' buying?

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PPX today close at 8 cents which is an interesting support line going back to early February soon after Andrew Price arrived on Feb 3, 2012.


Main suspects are:

1. Impact on the global PE industry of the European crisis which makes their funding more difficult, which in turn takes some of the buying tension out of PPX; or
       
2. The impact of a "double dip" recession in the UK on PaperlinX.

Or, maybe the bulls went to golf after lunch!


Importantly for PIGS supporters, the price of PXUPA held strong on relatively high volume of 19,000 units.