$PSGR Someone is bailing and dumping the price.
Post# of 1517
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Posted On: 10/26/2017 1:33:47 PM
$PSGR Someone is bailing and dumping the price.
The Stock Market has been incredible for the past 6 months. The Dow Jones has been beyond amazing in its growth. Almost everything about the Stock Market has been positive...BULLISH!!! Then there is a Penny Stock called PSGR that almost found its way back to growth.
WOW!!! Almost 200K worth of stock gets dumped for next to nothing in price. Yeah, I have been directed to and read how MMs can force movements in share price. Yeah, I know that some investors sell due to emergencies. Yeah, PENNY STOCKS are incredibly High Risks and that a small dollar loss is better than a total dollar loss. What remain extremely DIFFICULT to understand are the HOW and WHY an investor will purposely lose money when the share price has remained solid at one price for so long. The Bid/Ask was not out of line with previous Bid/Ask listings. Yeah, a slight percentile drop would have been understandable for the large number of shares that were traded.
Today's occurrence reminds me of someone who buys a new home and then a week later decides that the interior wall colors are not what was expected. The buyer then SELLS the house for 30% LESS THAN the market price. The buyer knows from reviews of the Real Estate Market that the house is actually NOW worth MORE THAN was paid BUT dumps the house anyway. BIZARRE to say the least!
I can honestly say that, IN MY OPINION, this PENNY STOCK is worth MUCH MORE than the current share price (under $0.03/share). Frankly, what is happening today is beyond my understanding. The image projected by the low share price is almost as if someone was trying to 'kill' the company by making the share price virtually worthless.
The Stock Market has been incredible for the past 6 months. The Dow Jones has been beyond amazing in its growth. Almost everything about the Stock Market has been positive...BULLISH!!! Then there is a Penny Stock called PSGR that almost found its way back to growth.
WOW!!! Almost 200K worth of stock gets dumped for next to nothing in price. Yeah, I have been directed to and read how MMs can force movements in share price. Yeah, I know that some investors sell due to emergencies. Yeah, PENNY STOCKS are incredibly High Risks and that a small dollar loss is better than a total dollar loss. What remain extremely DIFFICULT to understand are the HOW and WHY an investor will purposely lose money when the share price has remained solid at one price for so long. The Bid/Ask was not out of line with previous Bid/Ask listings. Yeah, a slight percentile drop would have been understandable for the large number of shares that were traded.
Today's occurrence reminds me of someone who buys a new home and then a week later decides that the interior wall colors are not what was expected. The buyer then SELLS the house for 30% LESS THAN the market price. The buyer knows from reviews of the Real Estate Market that the house is actually NOW worth MORE THAN was paid BUT dumps the house anyway. BIZARRE to say the least!
I can honestly say that, IN MY OPINION, this PENNY STOCK is worth MUCH MORE than the current share price (under $0.03/share). Frankly, what is happening today is beyond my understanding. The image projected by the low share price is almost as if someone was trying to 'kill' the company by making the share price virtually worthless.
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