Like the attention span of the young, the average stock trader can't hold on for more than a week or two...
What I find astonishing is that anyone would sell when the stock is clearly generating increasing interest. You have only to look at the trading pattern to see that the stck is holding up very well with rising volumes over the past few days.
Our friend fangulator initially ramped the stock with a nonsense suggestion and now he has lost interest. How sad. This is how traders lose money.
As I have repeatedly stated, this is a stock for the patient. While some will fume and mutter about "pportunity cost" the fact is that when this stock eventually runs, it will be a multi bagger that will more than repay any lost opportunity. While nothing is certain in this game, PEL is as good a bet as any and better than most at this stage of its development.
The overall plan of directors has not varied. Yes, there have been delays but we are really close now. Directors expect to be mining by mid 2011.
Sell at your own peril.
PEL Price at posting:
14.4¢ Sentiment: Buy Disclosure: Held