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Petrominerales Ltd PMGLF



GREY:PMGLF - Post by User

Comment by soberinvestoron Oct 11, 2012 3:17pm
183 Views
Post# 20474499

RE: RE: RE: GROWTH

RE: RE: RE: GROWTH

There are no reports of insider selling this year on mandatory SEDI register. They were selling last year for a lot of more money. Company is buying back vigorously for cancellation. Since this stock took a considerable dive since last year I presume some early year end tax sell-off allows PMG to scoop up considerable amount of shares on the cheap. Those who sell off early to take advantage of a tax write-off are allowed to return to the same security after 30 days of departure. I think it’s what’s going on now, an early tax sell off and in a month or two return to reloading. Who would depart for good a sound, in temporary hick-up  company that its growth promising program is on the verge of taking off soon. This is exactly why I loaded up 50% and sold call against it for a while till it levels off from in my opinion 7-8 dollar see-saw like trading that I predicted a while ago if you read my previous posts. IMO company expecting fundamental downfall would not buy back its own shares. I’ve never heard of that.        

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