Post by
StockBadBoy on Apr 30, 2010 1:33pm
The IGNORE button
The way I look at it, if you don't like what I say, put me on IGNORE. And if you don't like what someone else says, put them on IGNORE. I have people on IGNORE, it is like a breath of fresh air. Just look back through the posts of anyone who bothers you, then make the decision. In reality, the people that play on this board have very little influence on the stock price and generally only trade amongst themselves, scaring each other into selling and buying. Some even get caught in lies from time to time, but again, that is the nature of greed and power.
PXM has had an amazing move. One would say that a stock can never go straight up - all true. The trick again is picking the right bus. I am amazed that the price has moved this quickly without a consolidation but I think the reason has been that someone is driving it. And the someone is Byron. WHY? Here is my two cents worth, they have written an 11 page report after I suspect undertaking an indepth look at the company including, interview with the CEO, reading press releases, perhaps in their office looking at maps, interpreting information, etc. They likely know more than this whole discussion group combined. I am betting that they are driving the bus right now, or at least for a while now.
This pullback, if one could call this a pullback since it is still above yesterday's close, is a good healthy thing, it serves to shake out the loose stock, let people take some profit, but at the sametime allows the people in the know to pick up more stock if they truely believe in the future of this company. The stock is in play and that is a good sign.
One last thing, they haven't even declared an Investors Relations company. It would be nice to see that happen soon, or I suspect that will happen soon, once they have proved a few more wells and get a better handle on further development on the property.
And don't forget, likely they will need to finance soon - the higher the better. That time will give everyone a break to reassess the situation and potential.