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

PSGR....the return of the Yo-Yo. MY OPINION: Sell

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Post# of 1537
Posted On: 07/21/2015 1:13:51 PM
Posted By: Hill411
PSGR....the return of the Yo-Yo. MY OPINION: Sell down a few thousand shares at panic prices then buy back 100K or so shares at the panic price. Lose about $1.98 by dumping the price on a few of your shares then buy back a boatload of shares at a price you set by dumping....then the price goes back up for even bigger gains. Either someone has decided to continue this trend....see past posts with respect to this occurrence....or patience is not a virtue. For shareholders, this Yo-Yo pattern is becoming more than just bothersome. Someone or some entity has continued to manipulate the share price by dumping a few shares, then when a minor panic occurs, buying a large number of shares. Allowing someone or some entity to control the share price in this manner borders on criminal. I have always maintained that PATIENCE will reverse the manipulative trend of these vultures. Unfortunately, a minor panic seems to grip some shareholders who capitulate and sell at ridiculously low prices. If one wants to make a profit on this stock, you must have PATIENCE. Look at the share price over the past year! PANIC selling is NOT necessary...the share price remained solid for weeks on end UNTIL someone dumped the price. Again, look what occurs: a few thousand shares are dumped typically at less than 1/2 the ASK price. The following day, 100K or so shares are purchased at the dump price AND THE PRICE THEN GOES UP. This occurs about once every six weeks. PATIENCE! Hold your shares and watch the share price return to its former high!


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