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Friday, June 08, 2007 1:18:44 AM
Every caller holds at least 16 million shares...They are all LONG and they are all a member of a "Group of Traders" that hold a bazillion more shares..
But...they are all concerned with the drop in the current price..If they were as dedicated long as they profess.They would have been in before the increase in price..and the drop should still make them up on their LONG investment.
The sad things is that most company IR agents order a daily shareholders list...They know how many shares their caller holds..So while most are saying they hold a bazillion shares the person they are talking to knows they are "stretching" the truth..This is a IR persons cue to lay it on..
Phone calls to a penny stock company do no good...
If the company is legit, you are doing nothing more than interupting thier daily duties...
If they are not legit, they're not gonna tell you the truth anyways..
If you buy on on gut feelings...use your gut feelings to sell too...If you want to trade sucessfully, learn to use technical trading tools..and trust them..Charts seldom lie..
When it comes to honesty, I guarantee a chart with proper TA settings has a lot better track record than a penny stock IR or CEO..
And yes...I DO HOLD PDGT..and not looking to buy on the dip...I was taught trading was to average UP Not DOWN.
I am not implying anything negative about PDGT. I do not care who they are or what they're doing..I sure don't want to talk to anyone on the phone..I don't need to...Been there done that..I look at Lines now..
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