NEWS from PQL
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I'm very happy to announce that I received a fax back from DIGG's transfer agent this evening.
As expected, but no less impressive, DIGG has issued absolutely ZERO additional shares of stock since we last officially checked, way back in October, 2005.
As of Thursday, April 27, 2006: 37,101,412
As of October 20, 2005: 37,101,412
DIGG is a non-reporting pinksheet with absolutely no dilution over the last six months (perhaps more). I think this speaks volumes about what DIGG is capable of - as so very often in pinksheet/bb rallies, we see massive stock issuances released into the incoming demand.
The OS being static is something to consider about the last two days of trading, $379,000 worth on wednesday and $369,000 worth today -- none of this is new stock! When we saw some of the 40,000 and 70,000 blocks that moved through the stock - these are real positions being moved from investor to investor at significantly increased price levels. A 'changing of the guard', so to speak. Those that took profits at the .40/.50 levels are now spectators and it's very likely the new investors taking positions in those same levels are
possibly looking at .75-$1 to take their own profits.
I'd also like to mention that noted smallcap guru Bill Panetta said on Trader's Nation today (www.tradersnation.com) that if $.52 was broken on DIGG, it would be considered a 'blue sky breakout' - with no known resistance above that level on the chart. "It could go as high as it wants to". DIGG flirted with this level a few times, and it was indeed the high of the day.
I currently own 12,300 shares @ .29/average, and I've not been compensated by DIGG to provide coverage of their stock.
Regards and Best of Luck,
Tim / PQL Research |
