PC Gold Inc Ord PCGLF

RE: RE: ceo

[Sparkletooth]

For what it's worth, I've seen this type of trading action before when the CEO changes, even in a good market:  the new guy gets options, the old guy sells his shares, and the net result is downward pressure on the stock.

Now, that said, this is a particularly severe sell-off of all the juniors across-the-board, and there are several factors:

1)    Tax-loss selling - some of these positions will be re-established in the 1st quarter of 2012.  The last two years had bull market runs in the 4th quarter, and we had the opposite effect:  traders sold in January to defer capital gains until the next year.
2)    Very dramatic sell-off in the gold price last week.  Is the bottom about to fall out of the gold price?
3)    Very uncertain times, with huge dollars sitting out, waiting for a compelling reason to buy and not seeing it yet.

Anyway, I have my stink bids in, trying to buy low, hoping 20 cents turns out to be low; another thing I've learned over the years is they're never so low that they can't go lower in a bad market...