TSXV:PEM.P - Post by User
Post by
Greenstakeon Sep 15, 2009 1:04pm
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Post# 16307334
PEM became a Thanksgiving turkey!
PEM became a Thanksgiving turkey!Sadly this stock has suffered a dying blow due to all the hype from a pied pumper followed by a bunch of sheep who instead of doing their DD would prefer to play an unethical pump and dump and after they exit the trade this is what you are left with.
Better imo to take your funds and buy any number of gold juniors like EC, NOX, VG, NAI, EGM, NBU, GQC, EXS, SKV, CAJ, and make money instead of bag holding until probably December by the time assays are back from the lab and they are likely to be similar and we know how the market responded to them. The NI 43-101 will improve and that will be the reason why the share price will eventually rise.
PEM is now entrenched in a bearish downtrend and below the uptrend support level lines which is cause for alarm. I feel sorry for those taken in by this P&D. The company could have made a statement instead of allowing the share price to run up so fast. They were told there was a pumper doing his work. Many companies when they see a run which isnt supported by any known facts will issue a press release announcing they have no material facts to suggest why the stock is running. When you get unethical people running the stock up with the express purpose of dumping it then I believe the company has a mandate to respond.
Who knows where this is headed now. I still see the phoney 50,000 bid showing up like it has for months now and when the support is taken out the 50k will disappear each time. Games.