Pegasus Wireless Corp. (fka PGSW)

[flight505]

PGSW: From Feb 22 2008 PR:
"Highlights regarding (NMKT) NewMarket's Mobility Computing expansion and independent listing in addition to our attempt to acquire the operational assets of (PGSW) Pegasus Wireless Corporation have already been disclosed. Further details will be released within the upcoming series of letters elaborating on the Company's updated growth plan. Additional acquisition initiatives will also be released. The series of letters will include an update on the Company's plans to list on a national exchange and the Company's updated dividend plan."
This was from Friday! Do some DD beyond these posts and you will see why PGSW was up 800% today.
IMO expect AM shake, MMs will try to bring it down. I believe they thought PGSW was dead and oversold it bigtime.
They are short and desperate, need shares and need to cover.
IMO could be a quick shake and than another fast rise. If they are naked short and can't shake the shares no choice but to take the brakes off (take their loss) and let it fly.
IMO this should continue to climb big without news, but with news no one will catch it. And make no mistake news is coming...Follow your DD and your gut. GLTA