I don't think the R/S is a ploy, chances are they will still do it. What happened today was that confirmation of that dump we've been fighting for a couple of months has ended and CDEL or other brokerages started buying it up to clear out the ASK (those are your sellers) to a higher range once that they saw that the dump was definitely over.
We've been floating in the .002 - .0028 channel for about 6 weeks. The CURRENT event we've been waiting for is to see the dump finally over. It looks like it is, but I'm cautiously optimistic. (it's the skeptic in me) ;)
Given all the events:
1. Rob/Mitch taking shares for several years of salary payment after it's been beat down to these levels. (that one is still making me go: hmmmmm.....)
2. Those several hundred million shares being caught at .002, it's clear someone didn't want this to get smashed lower.
3. CDEL buying up all these shares
4. Suddenly the sellers dried up these past two days with all the buying
There's other things as well but these are primary ones that I see.
I'm suspecting that Q3 report will be favorable, but that's a guess. It's all smoke and mirrors right now until we have factual confirmation. That's #1 right now: how much gold did PCFG recover in the 3rd quarter?
In the meantime, I hope we see a HUGE run up to Q3 report around Nov 13th. We'll see some retraction pull back and climb ups as long as we don't see a massive dump again.
\\//_
AI
