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Posted On: 08/28/2017 1:48:56 PM
Post# of 1542
$PSGR Monday and what has occurred in Pershing Resources-land.
Late Friday, August 25, a series of small buys resulted in the transfer of 25,000 shares at $0.04/share. For the most part, last week was not a particularly good week of trading PSGR shares. Certainly the lack of trading is a bit confusing given the very cheap share price of $0.04/share. There have been no reported negatives with respect to mine site development or changes in corporate personnel. Everything has remained pretty much status quo...relatively POSITIVE.
What I look for this week:
(All MY OPINION) A series of small buys (5,000-10,000) will occur over the week. I anticipate that up to 100,000 shares will change hands this week. Why do I think this? Someone or several someones have been hitting the PSGR shares in small amounts. I think someone is still testing the waters for a BIG share purchase. I do NOT know what the LOW (I want it) bid has been (perhaps $0.03/share) but the current $0.04/share has kept the buyer(s) interested. As long as $0.04/share remains the BOTTOM sell price, the someone/someones will start buying bigger and bigger chunks of stock because they believe the $0.04 BOTTOM price will hold and they will be somewhat protected.
Now all I have to do is sit back and see if I am delusional or clairvoyant. As of now, my wife rates me delusional. I think the Dog still likes how I think!
Late Friday, August 25, a series of small buys resulted in the transfer of 25,000 shares at $0.04/share. For the most part, last week was not a particularly good week of trading PSGR shares. Certainly the lack of trading is a bit confusing given the very cheap share price of $0.04/share. There have been no reported negatives with respect to mine site development or changes in corporate personnel. Everything has remained pretty much status quo...relatively POSITIVE.
What I look for this week:
(All MY OPINION) A series of small buys (5,000-10,000) will occur over the week. I anticipate that up to 100,000 shares will change hands this week. Why do I think this? Someone or several someones have been hitting the PSGR shares in small amounts. I think someone is still testing the waters for a BIG share purchase. I do NOT know what the LOW (I want it) bid has been (perhaps $0.03/share) but the current $0.04/share has kept the buyer(s) interested. As long as $0.04/share remains the BOTTOM sell price, the someone/someones will start buying bigger and bigger chunks of stock because they believe the $0.04 BOTTOM price will hold and they will be somewhat protected.
Now all I have to do is sit back and see if I am delusional or clairvoyant. As of now, my wife rates me delusional. I think the Dog still likes how I think!
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