As.predicted.PGLC.shareholders.saw.a.$0.30-handle.this.wk.acc'd.to.charts. awwwwwwww.
However, we do have a plot twist this week!! Alfers has to mix it up to keep snoozing PGLC longs awake.
There was an 8.7m shares traded day snuck into the mix this week.
Some tired of the bs long sold a 3.95 shr wad directly into the market, and good old BagHolder Barry vacuumed it up as is his divinely appointed mission in life. If one ever needed proof both buys and sells are reported as "volume" in this stock, today was your proof.
The twist? Why, the TIMING, of course.
PGLC was presenting in a NYC cattle call "investment conference" that same day this long dumped, and did so in a very public way. Normally one sees such a sink-stopper trade in an AWAY FROM THE MARKET action which big chunk holders --buyers or sellers, in this case seller--always have open to them as a "don't disturb the market" option. Such away from the market trades are done all the time.
In a made for TV moment, BagHolderBarry most likely stepped away from his 4 Season's luncheon to take the frantic MM's call in order to mop up (buy in toto) plus another several hundred thousand shares "smaller crumbs on the offer" apparently available acc'd to the Form 4 filing, all while he had his wallet open, of course.
Good Sugar Daddies are like that. We'll never know if several Zantac were consumed immediately as the result...
