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Re: Fernace post# 34340

Friday, 06/03/2011 7:23:57 AM

Friday, June 03, 2011 7:23:57 AM

Post# of 95200
Well, yesterdays volume provided plenty of answers.
No buyers for PSPW, at least as a long term hold. When volume spikes it is usually accompanied by shorts, and short term profit takers.
The long holders (most) already here found the lower stock price an acceptable entry point to offset risk of a long term position.

As the stock price rose, long term buyers dried up.

I suppose the majority owners and management are more concerned with getting this multi headed behemoth off the ground than out and out selling of their stock. They realize that getting this off they ground is more important and as they saying goes, build it , and they will come!
Okay David, another week or so with no information release, please send Toby another respectful e mail.