PSGR....Tuesday...Where does PSGR go from here? MY OPINION: PSGR has been a bit mystifying, frustrating, exhilarating, and worthy of more than a few expletives. It has come a long way from the $0.004/share days climbing to $0.15/share then playing the price and volume Yo-Yo Game. The current low share price should have ignited a volume buying frenzy, but it has not. Sellers have opted to dump minor amounts of shares for very low share prices. Frankly, with the number of available shares in the millions, something is amiss. The low share ASK/SELL coupled with the extremely low volume appears to be a game of Hold'em Poker. Everyone is anticipating a big pot, but the bets are raised a fraction at a time while everyone waits for the one big raise to initiate a bidding war. The question is: Who is bluffing? I believe that several big bidders will finally break from the table and dramatically raise the bid. Why? The initial volume buys will be cheap and the volume buys will provide an opportunity to make an exceptional Return on Investment. Do the math. A 100,000 share buy returns $1,000.00 for every $0.01 increase in share price. Presuming the share price returns to the prior $0.15/share price...well, just say the initial cost was completely covered AND the profit is very attractive. Can the share price go down? Certainly, but the share price has not taken a one day major hit. I believe if there were to be a major collapse, it would have occurred by now. The cards on the table still are being dealt. I see a minimum of a Full House but expect 4 Aces before the end of Summer. As always, financial investments are risky, do not invest if you can not afford a loss. PATIENCE.
(0)
(0)
Pershing Resources Company Inc. (PSGR) Stock Research Links