"Stepped back, took a look, saw a pimple on an elephants arse....just saying."
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VPER, me selling some collected last few weeks...
PCFG needs to save money too. I suggest they mail the two ounces of gold mined per week via UPS first class mail to the refinery. This would cost them $0.65, much better than the cost of armored vehicle services, one would think.
OK, so the price action the past few months never told the 10Q story in advance? Ha!
PCFG failed again.
PAPA very high volume for this stock so early. 119,945
PAPA .16X.20 big pump going on this morning. Number 4 on breakout boards. PAPA kicks of their promo this morning. Very low float. Keep on watch.
Why would they release the same news twice in one day?
Management sounded exceptionally knowledgeable on the CC however that does not always translate to being very good at practical issues on the ground. They need to find a hard ass and practical person to run the show at the face. Someone who has been a miner all their life, who is there every day and knows what they are doing. IMO I suggest they do it before it is to late.
You have to listen to the bears to find the bottom.
btw, what lies?
I have never believed those short numbers. In any event if these numbers were true then is it not normal to short a coumpany that is weak and not producing the goods?
The stock price is going down because of failure to deliver the goods, plain and simple. Why is it that manipulation is always to blame when the price goes down but not so when the price goes up? The bears have been correct, the bulls have been slaughtered.
PAPA news
A First Quarter of resounding success for Papa Bello Enterprises
http://ih.advfn.com/p.php?pid=nmona&article=52440138
A First Quarter of resounding success for Papa Bello Enterprises
http://ih.advfn.com/p.php?pid=nmona&article=52440138
10 Q out. Same old....
http://ih.advfn.com/p.php?pid=nmona&article=52425916
Then it seems like these well connected people have made the right moves and all the money shorting it.
So if I cannot short sell PCFG and you cannot short sell PCFG then who is doing it? The market makers alone or is there another dark force out there? Or is it really just the way the market is?
The proof will be in the pudding, i.e., if the dividend shares are every paid out. I hope you get them, I doubt it though.
I know exactly what naked shorting is I did this to see if someone was selling air shares, these were not small trades. How can you prove to me that naked selling is taking place with PCFG?
Dear Wolverin1997. In order to understand this naked short selling thing a little better on pennies I have gone to some extremes in the past with experiments. A few years ago I did this:
Trading with two accounts I would place on a normal day orders on the bid and ask on the same day at the same time on the same stock (stocks that the boards were screaming, "Naked shorts"). Therefore I would be sitting on the bid and ask at the same time via two different accounts. From a third account (or via a friends account) I would hit the ask and then a little while later sell those shares at the bid and on all occasions the shares were either bought or sold out of my accounts. I.e. no one "naked sold me any shares," they were real shares out of real accounts.
However I have to admit that there are a few other things I did also to see how crooked the MM's are. These experiments are very telling but I will keep that as propritory stuff. It does not help to complain about this to the authorities or your broker or even you wife or partner, they are not interested and have no solution. The markets are set up for the "house" and only a few traders will ever beat the house.
Let me copy and paste for you. This is what I said. Notice I was speaking about PCFG specifically.
This naked short thing that you have going on PCFG is really just a fallacy.
Correction .006
And on this note I have tried twice before as an experiment to naked short a penny stock. I was not successful. I do not think that an individual can do it, even with all the so called "cash in account" requirements etc , etc.
I do not have any bosses even though you would like to believe it. This naked short thing that you have going on PCFG is really just a fallacy. If the share dividend ever comes to fruition I think it will be proved just how much of an improper argumentation this really is.
Yes, it does, I bought my first gold stock in 1984 and have been reading them ever since... Just looking at this very simple chart you might notice a trend or call it the price action if you want. What do you see? Where do you see the next support level? Maybe in the 000's? It will only reverse if they solve the problems and start producing the amounts of gold that they projected. Currently the market does not believe they are going to succeed. Look for the trend to continue unless there is a major positive change. And please do keep laughing...
It would not surprise me at all if someone drove past the site and saw no activity at the plant at all. IMO
Price action is very telling. Telling us that no solution to the water problem has been found. Telling us no plant manager hires. Telling us that ½ penny just around the corner. "Someone" always knows something and that "someone" are selling.
I thought they mentioned it in the CC and it sounded like they were having a hard time finding one.
just my opinion.
Thanks. Has anyone thought about why they are having such a difficult time finding one...?
Does anyone know if they have found a plant/site/mine manager for the BR canyon mine yet?
This was the first pump in the last little run if my memory serves me correct....Notice the spike in volume. Time to make sure your exit strategy is in. Set it pretty much in stone, do not hover your cursor around it, just set it and leave it. Staircase it if you have to, but do get it set.
3/26/2012 10:01:57 AM
Maybe new traders can learn a lesson by just lookiing at this screen shot of PCFG from 3/27/2012 12:49:37 PM.
When all is green & blue, and the volume is huge, and the crowd is hollering and jubilant and singing the praises and the company is pumping it through third parties and the paid promoters are giving lofty targets and it is jumping 40
percentage points in a day - this is where you sell it to them, loads of it (or at least take some profit)...and of course visa versa. . This is especially true if it is a penny stock.
Tell that to everyone that bought after about Oct 2010. LOL