Pilgrim Petroleum Corp. (PGPM)

[dashrip417]

Great stock, went all-in this afternoon

at .058 and .055. My .058 fill was an offer that I made below the ask at the time, which was at .063 and .064 and .06 and above the bid which was at .055. It took 25 minutes to fill!

I felt I missed the boats on both CSHD and AWYB (waiting for a profitable trade on NMEN to settle) and while scouring the penny market today for the next home run I rediscovered PGPM following today's news. I recall that it was profiled by the penny investor site a month or so ago which cited a short-term price target of .10 per share. (My second favorite choice today for the next double or triple was buying ITSI at the open for $1.07, but I was too bothered by its lack of liquidity.)

Your assessment that this will hit many radars over the weekend is quite true. My estimation is that those who were willing to part with their shares for a 25 or 30 percent one-day profit in the five or six cent range did so today and they were the ones who kept the price from running for the remainder of the day (allowing me to get in, thank you!). But this is clearly still a very undervalued oil company. With today's heavy volume it has established a new base above five.

The toughest decision I foresee with PGPM next week is whether or not to hold after it hits .10, allowing a doubling of my stock portfolio to ride for the next leg up.

Have a good weekend all.