Originally Posted by
steve fleming
:)
Drilly, this is a patience play...
nobody knows about this stock...
there were 3 (only three!) posts on PGC on hot copper for the whole of 2009!!
When people find out about it the price and liquidity increases, so you buy in earlier before it runs....
Its a very different strategy than buying the latest h/c pumped hot stock.
The fact that someone is sitting there with a 500k order above the last trade price is positive.
if it sits there for a while, it will show that all the sellers under 3c have gone.
If it is sold into quickly, then there is still going to be reasonable resistance at 3c.