PetroAlgae Inc. (PALG.OB)
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everydayinvestor
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I don't see a market for gasoline made from algae any time soon. Oil supply is going to last for another at least 60 years.
Plus, someone is obviously manipulating the price of this stock. With low trading volume this stock is experiencing, it is pretty easy to do. Price bounced sharply up and down every few weeks for no apparent good reason.
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free points for a loser of a company
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What is driving this stock? Is it really a ground floor opportunity? Will their groundbreaking or should I say water parting technology be able to take off and substancially supplement our oil and gas supply? It is a noble effort but the stats don't seem justify the current price.
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I've ridden the PALG roller coaster successfully a bunch of times. I'll ride it from $20 down to $15 again...
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Just signed a deal with Indian oil, not saying this is a good company but you know what they say about a fool and their money.
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going with the majority
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Why won't this company die already?
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A 2 billion dollar market valuation? Perhaps they can figure out how to turn algae into oil and make gas but at what ratio and what economy of scale? $2 billion worth maybe in another 100 years... if they're lucky and work hard. Until then that valuation needs to come down they're not the next Exxon or BP yet.
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Purely speculative CAPS play. Since nearly all the volume is owned by a few private entities, it is hard to see this going up in a meaningful way. They have a nice website, but the energy from algae business is a little sketchy at this point.
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Another opportunity here...
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dfgh
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emotional up trend!!!!!!!!
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Here we go again
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Sounds like alchemy. Making gold out of other metals.
But in this case, making black gold out of green slime. Same idea and it may even work on a small scale, but is it cost effective relative to say natural gas or coal? Probably not.
So this is a speculative bet on new "green" jobs.
Just trying to make points on this wild trading range.
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screw these guys
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bunch of crap.
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OK, enough is enough. This stock needs to die now.
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This imaginary and thinly traded company has no assets or revenues. I keep grabbing points by shorting it as it bounces around.

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