Pilgrim Petroleum Corp. (PGPM)

[magicdaddy]

I was here, watched it happen. A friend of mine had a small position and so I had it on my watch list.

The PR was picked up by a major financial news show on Saturday, and first thing Monday morning, either MMs or the buying public sucked the bottom right out of it...stop losses and all. Then boom. Forget how low the pps was, but it was spiking up .02 an hour. I believe that it closed around .13, then the next day it shot on up again to the low .20s.

My powder was dry and I couldn't clear other positions quick enough...which turned out to not be a bad thing.

...and that is how a lot of us got in this situation.

I am hoping that those who think there could really be larger than expected oil and gas pockets are correct. It would make a lot of sense about how things have been done.

Having Gustavson evaluate the leased land is excellent! A certified report could be either good, bad...or real good...but don't think we could could much worse from where we are now. I lean more to the good to real good senario.

Any oil and gas would equal future income, and income is what
wallstreet cares about most! GLTA