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nottheSEC (72.43)

Im getting PALGED. PALG.OB has more pumps than all the gas stations on I95. IMHO

Recs

9

October 02, 2009 – Comments (13) | RELATED TICKERS: DUCK , CO , VER

  This may be the best idea since beer(drink responsibly, over 21, mileage may vary)! Use them microorganism to make something useful. However this is very experminental development stage company and generally those do not make good investments unless you are in on the "ground floor" and properly listed( not OB). 

 All in good fun and jest and big headache WHY PALG ! Never short an OB!

 

 

13 Comments – Post Your Own

#1) On October 02, 2009 at 12:55 PM, chk999 (100.00) wrote:

Patience. It will go down. They can only pump so long.

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#2) On October 02, 2009 at 12:57 PM, ChrisGraley (99.72) wrote:

Use stop limits with PALG

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#3) On October 02, 2009 at 1:09 PM, MustBNuts (86.45) wrote:

Hey man, I love PALG!  But my start price was $38.  I'm holding until it goes to .25 - big CAPS points!  Best of luck to you, Fool.

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#4) On October 02, 2009 at 1:10 PM, nottheSEC (72.43) wrote:

Thanks CHK and yeah Chris I should have. I am with the band wagon of folks who say we should limit thumbs down of ob's and pk at the fool. NO moral or rl contentions it just because I am so poor at it LOL. 

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#5) On October 02, 2009 at 1:22 PM, 4everlost (96.55) wrote:

My pal PALG is hurting me bad today.  It'll all work out in the end.  PALG is going to be a real pal when it goes < $1 - don't know when.  Rec #5...

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#6) On October 02, 2009 at 1:37 PM, nottheSEC (72.43) wrote:

MustbNuts Yeah I was in at $40 but traded out twice for a cool 30%.4ever lets hope so and thank for the REC.

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#7) On October 02, 2009 at 1:46 PM, TMFEditorsDesk (< 20) wrote:

More background on what's driving Petro:

 

http://seekingalpha.com/article/153409-petroalgae-riding-a-green-tide?source=yahoo

 

Getting pumped for sure, but it looks like 96% of the shares are not traded.

- Eric

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#8) On October 02, 2009 at 1:55 PM, rofgile (88.29) wrote:

I put another downthumb on PALG.  It should be < 200 million in mkt cap, but if its at near 2 billion, time for a down thumb again... : )

Free points.

 -Rof 

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#9) On October 02, 2009 at 4:22 PM, nottheSEC (72.43) wrote:

TMFEditorsDesk great article and You are right rofgile it should be under 200 million. excerpted below

... PALG is one of those many clean-tech companies that seem to burn through cash faster than a Hummer goes through a gallon of gas. Yet something curious is going on with shares of this Melbourne, Florida-based company, which is hoping to make money from turning algae into oil.....

...There may be a plausible explanation for PetroAlgae’s surprising surge. Last month, Exxon Mobil (XOM) announced that it would spend $600 million to study the feasibility of algae-based fuels. .....

....But the real winners here are David Grin and Eugene Grin, hedge fund managers who are longtime investors ...A group of funds managed by the brothers, including the $700 million Valens Capital Management series of hedge funds, effectively own a 96 percent equity stake in PetroAlgae.....

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#10) On October 02, 2009 at 7:41 PM, gman444 (99.62) wrote:

nottheSEC:  Yes, that is the deal.  There have been multiple pumps and dumps with this stock---it is not hard to see how a fund owning 96% of the company's stock could find a way to profit greatly from this pattern. 

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#11) On October 05, 2009 at 9:36 AM, FSaucy (99.70) wrote:

You see it so often with these kinds of scam otcs.  Float is so low and it's so thinly traded that price swings of 50% or more can be expected in a single transaction.  I down thumbed at $5.50 and am confident that's an excellent long term call to make.

Unless volume dramatically increases this high flying could go on a long time since so few shares are being dumped on the market.   Anyone who was dumb enough to buy shares at $5 is also dumb enough to hold through the $30 prices and sell only when it drops below $1.  At any rate, the manipulators are going to need to ramp up their pumping efforts even more if they ever have any hope of dumping a meaningful amount of shares.  A hundred here a hundred there is not going to bring significant profit to any dumper.  What's needed for them right now is higher volume, not price.  Until we see that, expect this to be a thorn in your side if you've down thumbed in the single digits like me.

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#12) On October 05, 2009 at 10:14 AM, outoffocus (23.72) wrote:

PALG is one of those many clean-tech companies that seem to burn through cash faster than a Hummer goes through a gallon of gas.

They are burning through cash. Have you seen their most recent annual report? If not check the downthumb comments on the PALG.OB page. They are so broke that they are paying everyone in their crappy stock. I've been watching the action on this stock.  I think its one person is manipulating the heck out of this stock.  They set these ridiculous limit orders then buy like 100 shares, taking the stock price up like $10 per share on 1 transaction.

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#13) On October 08, 2009 at 5:58 AM, jamespeer (92.41) wrote:

Thank you all for enlightening me on this one, I have long been totally bemused and mystified by this stock but it makes a lot more sense to me now.  Although it is pretty outrageous, can't help but have a little chuckle.

If you've down thumbed this one and it's jumped since, just keep looking at their financials and annual/interim reports for a little reassurance.  Artificially inflated share prices don't last forever, it will come back down to earth with a thud, just a matter of time.  Patience...

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