Pilgrim Petroleum Corp. (PGPM)

[JBGoode]

Panic from newbies is my guess. PGPM is a well-known play on various forums. A quick search by someone who knows nothing about investing & is trying to make a quick buck would have convinced newbies this is a sure thing. They buy halfway into the run, yesterday's consolidation makes them nervous, then today when it turned down they panicked.

That's my best guess anyway. Today sucked, no doubt. But the fundamentals are there, and now we have the added bonus of being able to load at a nice price. As you say, this should go to at least .03. I don't care when it goes there, I'll be happy however long that takes with the 300%+ gains.