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Ok, thanks. That is the trick, figuring out when to get in, then when to get out.
AF, you think it will bounce before it hits the .50? It seems that shorts have pounded it this A.M.?
Agree. Think we will have a nice up day. Support at 1.05 held strong yesterday for about 4.5 hours. Shorts better cover early so they can make a few $. Looking forward to a nice reversal. Markets in general with a lot of positive news will not hurt.
Shares definitely on sale. Never remember seeing a mid-December like this for markets in general.
PEIX - last time it closed at the 1.05 support, it bounced up pretty good. There has been a heck of a battle today around it for about the last 4 hours as you mentioned in your post that 2 million shares had traded in that area.
Interested to see what is going to happen this time.
I was hoping for a stronger finish also. It seems to have ticked down right at the end of the day for the last several days. I know some folks don't like to hold overnight, but I don't see much risk here for a big gap down. More of a chance of a gap up, IMO.
This company has so much going for it. Be interesting how it trades next week.
Yep. Peix getting ready to go green for the day. Must have taken folks a long time to digest the news this morning.
That would be very welcome at this point. Anxious to see what is past the .021's.
Hope you are correct.
Still showing 355k left on the ask.
Yep. Unreal those .021's are still there. They have been hit hard.
I had one in at 1.16 also, but went ahead and jumped in at 1.24. Market getting ready to turn push PEIX much higher, imo. Afraid to miss the wave.
It's not necessary to pr every little kink in the operation; however, we as investors were anticipating a good 3rd qtr due to the silence. For all we knew they were mining away digging up buckets of gold...then they drop this bomb on us. "Oh by the way, we weren't actually mining, we were making repairs." It is just a little frustrating when you really believe in a company yet they keep letting you down!
Well said. eom
Good e-mail. Straight to the point. Thanks!
I agree Wolverine. They said before they wanted to protect our investments, but they are actually 'killin' the investors confidence and therefore the share price with their lack of communication. I think periodic updates, however bad they are, would be a good thing. That way we could see how they are progressing and determine what we want to do without panic!!!
Me too @ .032.
I just bought 77000 @ .036. Then there it went. I would like to know too!
I just bought 77000 @ .036. Then there it went. I would like to know too!
Agree 100 %, sx. They had a lot of momentum and anticipation going into August 15th. Then when the release did not come until after hours, many felt that they must have not been very proud of the results to put them off until after the market close.
IMO, the results were not bad. They were producing gold for goodness sakes! The delay in the release just instilled nervousness, and lack of confidence in the stock.
Love to see release late Monday during hours, but definitely before market opens Tuesday would be good.
I would, but I am out of available funds. Spent my last on the .04's.
When I put my order in, .04 was the ask. I got over 100k quickly after I entered the order.
I know what you are saying, but don't mm's accumulate stocks on some of the sells, and not immediately funnel them to another investor? Doesn't that occur?
Just got my other 30k @ .04 fill. Appears like they made it look like a sale.
Noticed that too. Now 5,000 @ .0425.
I think so too. On some of my other buys, and I posted on here, I was over half the volume at the time, then they drop the bid/ask. They are really trying hard to get cheap shares.
We just need to take advantage of the opportunities.
You think that they want to do that to try incite more selling? I still have another 30k sitting there at .04. I have been accumulating more over the past two weeks, and this price just seems way too cheap for a producing gold miner.
I took em. Can't believe we are trading this low, this close to the report.
Just an FYI, bought 161,168 shares @ .0455 and 9,832 @ .046. Over half the volume so far today, and the ask is @ .0445?! Very frustrating.
I truly believe they are doing their best to induce selling right now. They must know they better try to get more shares to get ready for the impending run.
Well I am ready. Let's get to developing that shoulder....Thanks
Thanks, h. Looking forward to the next move. Looking to buy more tomorrow. Time is running out for prices at this level, methinks.
I am counting on us making some bucks. Started my original position about a year ago, and am now pushing 2 million shares. Company has accomplished plan as per their guidance so far since I have been in. Fox has detailed the history very well. Just do not feel pps has appropriately reflected perfomance.
Positive cashflow should remedy that. I too have seen some unusal price action, then a launch shortly afterward. Hope that is the case here.
If price stays down, I plan on purchasing some more. Seems so easy to make $ from this level, it makes me nervous that I am missing something. I don't know what it is, if I am though.
Pullback based on trading action, charting, or another reason? Just wanting to understand the rationale. Seems to be something other than supply/demand.
Thanks
I know everyone is debating the price action, and some are expressing disappointment and dismay at it not running yet. I am also a little suprised the stock is not moving toward .075 -.08 at this point.
But something is up. I think someone is trying to hold the price down for some reason. I bought a little over 439,000 shares today between .044 and .047 throughout the day. The .047's were early in the morning and the .044's were later in the afternoon. Each purchase I made looked to me like they tried to make them look like sales, and dropped the price, or it did not move.
Some I got at the bid, and others I bought at the ask. The only one I remember the ask going up is when I got some at .045 and they moved the ask to .046 during the afternoon.
I accounted for about 1/3 the volume today, and I know they were all buys. Anyone else have similar experiences today, or did some actually really sell? Anyone have any theories for the price action today?
Thanks fox for all the work. Great review for everyone, especially new and potential investors.
I think B/A spread is inducing investors to "wait and see". If bid goes up, watch the buying come in.
I agree 100%. I have been holding around 1Mil since last November, began adding again recently, and have been pleased with what management has accomplished. I am also pleased that they do not put any B.S. Pr's you see from other companies.
I am very anxious to see us be fairly valuated. Should be north of .25 IMO.
Good deal. Think we will gain at least 60 % over next two weeks.
Agreed, 0331. Looking to accumulate some more to add to my holdings throughout the week.
Just bought 98,380 @ .05, and they lowered the b/a..... Just thought I would let you guys know.