Post by
red911 on Aug 08, 2011 1:43pm
Closing thegap?...
Some people say/believe "gaps will always be closed". I never bought much into that theory. FWIW... at the beginning of April 2011 PDG gapped up at the open from about 44 cents to about 48 cents. That 'gap' was never 'closed'... until today. So... do we see a reversal here? Again I am not a believer in the above theory but it is amazing how PDG mees to be following it to a 'T'... thus far anyways. Would not be surprised if we finally see reversal here today.
Markets are bad... yes... but PDG selling/chart is beyond market sentiment IMO. Combined with insider sales and recent increase in shorts... What's going on?
P.S. They have only released less than 17000 m of the 45000 m program. Other site reputable poster estimated that based on previous m/day with 4 drills turning they could be complete 45000 m by mid-August... i.e. next week. With only 17000m released we are still way overdue for more news. IMO.
red911
Comment by
silver300 on Aug 09, 2011 12:28pm
That's nice but when management issues themselves oodles of warrants/options/shares the investors who paid cash lose their appetite for the stock. Investors do not like management who are pocket liners.
Comment by
hrattle on Aug 09, 2011 5:18pm
when management issues themselves oodles of warrants/options/shares the investors who paid cash lose their appetite for the stockNo I don't mind management getting options - better than them having no incentive. However, when they exercise those options in-the-money and immediately sell them and then the stock drops nearly 30% it's time to put your money elsewhere.
Comment by
Ummmrrr on Aug 12, 2011 10:02pm
I think that with all of the troubling news around the world lately it made the markets such that it was the perfect opportunity to close that gap. I see consolidation on the chart, also in my opinion there are many technical indicators that tell me to buy.I hope something gets going with this one so I can make some god damn money off of it.