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  4. Pershing Resources Company Inc. (PSGR) Message Board

PSGR....strange day of trading. The ASK has remain

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Post# of 1537
Posted On: 04/09/2015 3:08:03 PM
Posted By: Hill411
PSGR....strange day of trading. The ASK has remained at $0.15/share and buying continues. Today has been a bit perplexing. I presumed the share price would return to or close to $0.15/share after yesterday's finish. It did. What I had also thought would occur was an upward shift to the ASK to around $0.17/share. So far, this has not occurred. MY OPINION... The ASK will increase. This may be a temporary lag to allow investors to allocate capital for larger volume buys. I anticipate seeing multiple buys at the 50,000 share individual buy barrier broken within the next few weeks. Yes, I do believe that investors with a bit more discretionary income will see the value of PSGR and start buying in big chunks. This could cause concerns for the small quantity investor as the price could start a more significant climb in share value. I believe that once the share price exceeds $0.25/share, the volume will increase but the number of buys will decrease as availability of small quantities will be limited. For the small time investor, the current share price remains an excellent bargain. Not convinced the dramatic change in quantity volume buys will occur within the next week or two but I am convinced the stage is set for the bigger dollar investors to roll in and capture most if not all the available stock. As for now, the share price is extremely attractive. The availability of stock appears to be excellent and the sellers appear to be a little flexible in price. I do NOT expect this scenario to last much longer. Hold on for the next big ride, I think it will be spectacular,


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