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It's been good man, best wishes to you, hope to see you back here soon :)
Hopefully tomorrow or over the next few days, the true longs will wait for the rest of the panic sellers to drop the chart down to .024 - .025ish, and then buy like madmen, and that way we'll form a nice double-bottom chart :)
I totally understand, you're a trader, not a long term holder. Thanks for letting us know, and we're glad you'll be back to buy the breakout after we buy the dips and fix up the chart for you. Keep our stock on close watch, and especially watch for news and be ready to get back in PCFG real fast, because by then, you'll wish you held your shares instead :)
Best wishes, and don't forget about us mate :)
P.S. The most important part:
I've been a daytrader/short term swing trader for the past 2 years, and in all my experience, this single stock is proving to me that investing in truly undervalued pennies changes people's lives. Perhaps one day you'll consider doing what I did...
When is your pay day, out of curiosity? :)
Power hour coming soon, don't forget to save some powder for the battle.
There's a 100 share trade just now, MM's need our shares, so let's just hit the ask and buy from them instead :)
Yes, someone hit the ask for 250,000 shares :)
Scare tactics going on here, and MM's are looking to cover with cheap shares, but they're not getting mine.
MM's are shaking the tree...
Smart money is buying down here :)
Have a good night everyone, and sleep well. Tomorrow is a new day :)
Your post is right on. This won't happen overnight, but it's going to take time. If management decides to keep production a secret and release it all at once, then let them do it. If they decide to provide slow incremental updates then let them do it. Either way, we know where this stock is headed, and it's UP, in the long term.
Seriously guys, don't worry so much. Just sit back and let the chart move upward. You've been here this long, so hold on tight and don't stop believing. Let's all keep adding, and perhaps we can form a cup-and-handle, and when PCFG releases the "fall off your seat" news we've been waiting for (patience is the key) that catalyst will send this baby rocketing to 90+ cents IMO :D
By the end of the year, I think we could be a lot higher than .10-.15, more like .25-.50+, and in the next few years, we could hit a few dollars :)
Don't blame today's price action on yesterday's press release. I agree, as was mentioned before, that this was just a "test" PR to provide an update for those who needed one. PCFG is not a pump and dump scam company who pays someone to write hyped-up, glamorous PR's instead of doing the work of the company. Rather, PCFG is actually making things happen, and I personally think that there are too many impatient shareholders around here. Perhaps the company is actually using PR's to weed out the weak, a good strategy :) All you weak hands should sell now, so the strong-handed longs can grab your shares. Patience is the only way to make it big here.
Oh yes, and of course today's drop in gold prices might have had something to do with the price action too. I believe gold will head north again soon enough, don't worry. The government can't keep printing money like this without any consequences...
This "underperformance" today is good for the stock, since all the impatient weak-handed noobs will sell to the strong handed buyers :)
I think many people are looking at this from the wrong perspective. The company isn't obligated to tell us those details, they probably saving them for later. If we keep buying steadily, we can create a nice cup-and-handle chart pattern, and maybe once we reach .05-.06 they'll release the killer news that will fling us skyward towards the .20's, .30's, and beyond :)
While I do agree with you on several points, and believe that PCFG's uplisting is a crucial milestone to attract a whole new group of investors, I wouldn't say all of their other PR's are "next to meaningless if they are still on the pinks." Yesterday's PR shows me several things:
1. The company has not diluted - see post 29065: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58379445
2. The company is moving closer to full-scale gold production
3. The company obviously has cash since they just purchased an expensive piece of equipment
4. The company is executing their business plan as outlined in the PR from November (Black Rock Canyon Mine production is top priority, moving towards gold production for this year)
5. The company cares about minimizing labor costs and maximizing efficiency and gold production output by investing in this fine piece of equipment
6. The company is a "no-nonsense" company in the sense that they don't release fluffy PR's, but instead release PR's detailing the concrete results they are accomplishing for maximizing shareholder wealth
I totally agree, holding a few hundred thousand shares of PCFG long term could buy you some hot sports cars, a boat, or a plane IMO :)
"riding the gold concentrator" lol... That's an expensive piece of equipment, we wouldn't want the ladies to break it ;)
PCFG at $3 a share is realistic, and that's why my GTC sell order is at $2.99 right now. As I said before, PCFG is so undervalued, since we have $2-7 billion in probable reserves. Today's price action doesn't matter in the long run, and those who sell now will probably commit suicide later on, because they sold PCFG at 3 cents instead of 3 dollars. I'm not gonna be one of those people :)
Can a mod sticky post 29065?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58379445
You never know, the momo could build and we could move higher than we expect, .07 isn't out of the question, especially if the shorts start covering early. I personally don't expect us to reach .07 tomorrow, but I certainly wouldn't mind being wrong about it :)
Proof of no dilution: PCFG's announcement of their current outstanding share count flushes all the bashers' false claims of dilution right down the toilet, as seen below.
I personally called PCFG's transfer agent, Olde Monmouth, on November 15, 2010, and received this information:
O/S: 743,732,651
A/S: 5 billion
Float: 412,625,651
These numbers match exactly with the numbers provided from the company's press release on November 23, 2010 and the after-hours press release on January 3, 2011, proving that there has been NO DILUTION over the past several months:
$PCFG equipment purchase after-hours PR: http://www.marketwire.com/press-release/Pacific-Gold-Corp-Black-Rock-Canyon-Equipment-Order-PINK-SHEETS-PCFG-1374985.htm
$PCFG equipment purchase after-hours PR: http://www.marketwire.com/press-release/Pacific-Gold-Corp-Black-Rock-Canyon-Equipment-Order-PINK-SHEETS-PCFG-1374985.htm
I love the simplicity & clarity of today's press release - it's completely opposite from other companies' fluffy PR's about vague future projections/estimates, but instead, it shows us shareholders that PCFG is actually making progress and moving forward in its business plan. I believe this stock has much potential, and hopefully once we uplist the hedge funds will start buying us again and we'll fly to the moon and beyond :)
The way I see it is that we're the Rebel alliance, forming a rebellion against the evil Empire of corrupt MMs who want rob us of our money and force undervalued gems like PCFG into the dust. We will not surrender, and we will have victory, not by blowing up a Death Star, but by bombardment of the ASK until they're forced to cover all those FTDs in one giant explosion (short squeeze) to PPS's of $2 and higher :)
Tiny bid whack just now - just another one of the MMs' tricks to scare shareholders, true PCFG longs will learn to see this criminal market manipulation for what it is.
Today's volume just hit 2,599,990. That's a nice number :)
I would also agree that a cup-and-handle formation may be in the works. We need to continue back towards the .05 range for it to be confirmed, and once we break .07, we'll have a fully confirmed breakout :)
I agree, smart money is buying :)
A couple blocks of 100k shares went through at the bid and it didn't budge. Very nice :)
PCFG has over $2,000,000,000 in assets!!! Thanks for that reminder guys, it brightens my day! My GTC sell order for PCFG just got moved up to $2.99 per share :D
PCFG is so undervalued, it's a wonder the price has held this low for so long. Once people wake up and realize how much this gem is worth, us longs will be in for some real excitement!
PCFG 1/3/2011 video chart:
PCFG is a seriously undervalued junior gold miner, and recently showed a reversal from oversold levels. I'm personally holding long term for 50-80 cents once gold production starts. The company estimates producing as much as 44,000 ounces of gold per year by 2014, and by then we could have a higher PPS that $1 IMO :)
PCFG weekly chart: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58332093
Looks like I'm gonna need to load some more PCFG shares for myself once I get my next paycheck :)
I think you meant to say "PPS" not "POS" :) PCFG is the opposite of a "pos" it's more like a huge piece of GOLD :D