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

PSGR....Penny Stock investors are a strange breed.

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Post# of 1537
Posted On: 04/24/2015 10:13:40 AM
Posted By: Hill411
PSGR....Penny Stock investors are a strange breed. Everyone reviews a stock when the share price is $0.001 or so then makes a decision....mostly based upon hope....that the share price will skyrocket to $0.05 or even $0.10. The PS investor may invest $100 or more to buy ten of thousands of shares in anticipation of the pot of gold that is sure to appear in a day, month or year. In most cases, the day trader may break even, less the cost of the trade. Penny Stocks that trade around $0.05 or so seem to be less likely to be purchased as the initial cost appears to drive off the get rich quick investor. Later, when the nickel stock has doubled or tripled in price, the get rich quick investors rationalize that they would only have made XXX dollars had they bought at the 5 cent level. When the share price continues to rise and approaches 4 or 5 times the initial cost, these same investors say the shoulda, coulda, wouda bought the stock BUT......the bottom line is that they did not invest. Which brings us to PSGR. Once upon a time, PSGR shares could have been purchased for fractions of one cent. The share price has risen as high as 15 cents. The current 10 cents/share appears to have driven off the shoulda, coulda, woulda investors. MY OPINION is that the share price will continue to climb...and climb much much higher than the previous high. I believe the share price will become so attractive that the shoulda, coulda, woulda investors will smack themselves upside their heads and regret that they did not purchase this 'expensive' Penny Stock when it was a steal at under 25 cents a share. Just MY OPINION, of course, but I see an outstanding return on investment for this bargain basement baby.


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