TSXV:PEM.P - Post by User
Post by
Hagioson Jun 30, 2009 3:06pm
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Post# 16109237
"Pumper" now in damage control
"Pumper" now in damage controlSeems folks on this forum were informed of the direction a week ago....
We are in summer which in and of itself traditionally is a slow time when prices pull back 30% +- and assay results will NOT be out anytime soon contrary to misleading posts by the "pumper".
Jay Taylor probably sold his position a week ago and will buy in again lower. Who after all do you suppose is selling? Dummies? No way Jose... the smart money is waiting to buying lower.
PEM is an attractive exploration play but there are NO GUARANTEES in speculative junior mining stocks so you don't want to be caught flat footed in the red if the market thinks the news isnt as great as "pumper" has suggested.
The problem with pumping excessively as "pumper" has done is that expectations become so high that when news does come out the stock tanks based on false expectrations.
"Pumper" is actually doing investors a disservice.