PSGR...Friday Follies....MY OPINION...Where does PSGR go from yesterday's dramatic drop in share price? A quick glimpse at Thursday's 30+% drop in share price could cause panic selling. There are some who will see the drop as a harbinger of continuing share price declines. There will be some investors who jump on the opportunity to buy thousands of shares at give-away prices. There will be some long term share holders who yawn and realize that the fluctuations in share price are nothing more then market ebbs and flows. OK, so where does that leave the nervous investor who sees an opportunity but fears loss? I can only suggest that when Pershing Resources issues another Press Release, the Good Times will roll again. For several weeks, investors have awaited additional information that was promised by Pershing Resources about the mine site. Some share holders lost patience and sold at an embarrassingly low price. I believe their sale will come back to further embarrass them when the share price jumps beyond the previous high. But that will be something we can chuckle about later. What to do? I suggest following the BID/ASK and cherry-pick the opportunities. Sorta like going to a Fast Food restaurant to buy a cheap hamburger and being surprised when you are served a 5-star Steak & Lobster meal at the hamburger price. Yes, I think the PSGR opportunity is that good. PATIENCE. As always, do not invest what you can not afford to lose.
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