OTCPK:PALDF - Post by User
Comment by
longbondon Oct 05, 2000 6:24pm
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Post# 2612753
RE: vicsmith2 is vic smith
RE: vicsmith2 is vic smithActually Instutional Investors are dictating the price that PDL has to pay to do the deal. From what I hear the issue is to be priced tonight. The books were not closed at 11 (as some uninformed poster said) as I purchased another 5000 shares at 3pm when i saw the shares trade even lower. After the 25 day restrictions come off expect several research reports and some stock coverage on this exciting made in Canada story.
There is no recommendations/coverage on this story and in effect an orphan stock which can trade down regardless of its excellent merits. A good example is MDA ..Macdonald Detwiler. When RBCDS picked up coverage the stock has found some buyers and moved up from 16 to 18ish.
Remember the stock has traded down from 12 to 15 to 9 to float this large deal. The volume has been small and mostly scared retail investors. Correct me but are we not in bear market and margin calls are in the mail!
Real assets and value plays are the theme. The ROR on this project , if correct, is awesome! Dont let other posters (I always wonder why posters continue to bash one stock time and time again) deter you. Time will tell! I doubt this stock is going back to 5$.
Good luck!