Peak Discovery Capital Ltd V.PEC

RE: Analogy: PEC like a boat

[smallfry008]

A look at the company news releases will bring you up to speed on the drilling schedule. As far as Soros, no one knows for sure why he dumped his shares. But one logical scenario is that he is no different than you or I and if we are sitting on a large loss, you sell, take the tax loss and move on. In this case, I think (only my take) that he has taken his tax loss, will wait 1 month and than buy back in and see what happens. Why sit on a tax loss with the chance the stock goes up, why not have the tax loss to use against a possible big gain (and just to clarify, this stock is either going to go through the roof if they hit or it is going to be at 5 cents if they miss). I would play it that way, I am sure many bag holders of PEC will play it that way (or maybe just sell and move on, who knows). I am not putting too much into the Soros sell and many others are feeling the same way. Yes, Elwapo and others will tell you the sky is falling but do your own DD and see what you come up with. Over 90 million shares were sold and bought to bring the SP to 17 cents. There is a hefty profit to be made during that run and many are taking the profit now. Many others are running scared because the climb stalled and are bailing, thus driving the price down. There are always weak hands in these penny plays, thats how you make even more money. Why not play the HI/LO game and make some more money while we all wait for the results in October. GLTA

Smallfry