The Golden Lounge

[cagney]

Now loading 8m floater PDGE $1.43/$1.44. 3-day combo hurricane/hedge fund play. Sell zone set for Tues. 9/6 for time to build some momo towards $3-$5. If a stock is not oil/hurricane related, its probably not going to move in this market. Oils will have problems with the release of the strategic oil reserve, so hurricane stocks would be the big focus, especially with cat-5 hurricanes hitting only once every 15 years.

PDGE just acquired Flagship Services, a Texas emergency disaster mitigation company on Monday at noon when the stock was at $1.20, so it hasn't moved much yet.

IMPORTANT: The announcement was made AFTER everybody already made plays on ABIX, CPST, GLBL, etc., and PDGE is on the bb's so it was overlooked.
Not only is the acquired company Flagship just a few hundred miles from the disaster, its profitable.
Additional hurricane news coverage and an announcement regarding Flagship business in Louisiana would blow the lid clean off.

Link:
http://biz.yahoo.com/bw/050829/295581.html?.v=1

Another kicker is 10% owner hedge fund Barron Partners, reeling from their recent
WHAI catastrophe, will be wanting to make a cash splash to make up for
WHAI losses soon. And they have been selling PDGE already in the $1.60 range recently, 20 cents above where it is now, but probably already see the huge opportunity here to get $3-$5 or more out of the stock now.

Heres Barrons stable of losers, PDGE would be the crown jewel now:
http://biz.yahoo.com/t/51/4898.html

See what happened the last time this Barrons hedge fund wanted to raise cash and sell out a crown jewel,
it would have been this play at fellow low-float hedge fund plaything WPCS, where Barrons knocked it up from $4.50 to sell at $7 for big profits on June 9:

Heres the pop:
http://bigcharts.marketwatch.com/historical/default.asp?detect=1&symbol=wpcs&close_date=6%2F...

Heres the sell:
http://finance.yahoo.com/q/it?s=WPCS

PDGE has the right hurricane deal, with the right hedge fund owners, with the right-sized float to pop big here.