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The Yahoo board is a mess so here I am. I have two buys, one at 1.20 and another at 1.54. very optimistic about this little bio company.
If you want to find the low...all you have to do is put in a stop loss order! Sad but so true.
I want to see a survey done: Which is run with more integrity, the casinos or the stock market. And here's the funny thing to me--the casinos are supervised by state commissions, while the market is monitored by the Feds. So the real question is who does a better job of oversight, a state gaming commission or the SEC?
If you have any kind of stop loss, get rid of it. The powers that be will take it out in a 120 second move and you'll be left with nothing.
Apparently not. eom
Right now there is balance between those that bought in the past month and those that are buying now. The buyers of last month were playing the approval, and are selling now. The buyers now are in it for the long haul. In other words, the type of buyer has totally changed, in my opinion. Ownership is passing from short-term players to long-term holders. I look for a long steady climb from here into PA approval as a result. Good luck.
So. When (IF) PBLS ever gets to .01, who are you going to sell to? When you have that figured out I'll start to believe all this pumping.
Well they have insane losses too, if you get caught on the wrong side. I'm looking for a wild, insane ride come Monday morning. Unfortunately, I only have 15 minutes to watch, then I have to go to work. Bummer.
Mata Hari went on safari!
Well on Friday I finally decided I could find a happier home for my money. I hope ya'll realize I just guaranteed a rally by selling....You're welcome.
I sold out some other positions so I could buy more DCTH. I can always buy them back in May out of my profits. I'm looking for mid-to-high-teens. Anything more would be a nice surprise. Happy Hunting. Christmas in April!!!
Yesterday, I'm pretty sure a big fish took some off the table. A big enough sell that it showed up on the minute chart. That made all the day traders bail. Just a blip. Good luck.
Your speculation about the motives of management points out the difference between managing the company and managing the stock price. I want those guys focused on their job, and let the stock take care of itself.
Look at the pre-market. Looks like some anticipation going on. I got in yesterday--I hope I don't jinx us.
I looked at the key statistics page, Yahoo finance. Then I looked at the balance sheet. Here's what I found:
Long Term Debt = ZERO
Total Cash = $143,670,000.00
Current Ratio = 9.42
For those who flunked out of biz school, The current ratio gives the relationship between current assets and current liability. XNPT has over $9 in current assets for every $1 of current liability.
The bad news is out. My opinion: Up from here.
Do you think DCTH will PR the ph III trial results Friday, in conjunction with the conference call?
Look at the July options. Still more room to run IF the drug gets the final nod. I believe approval is coming, and for the same reasons the panel voted the way it did. I expect the FDA will order a phase four to nail down the effectiveness. The drug didn't kill anyone, and the disease certainly does. Absolutely no reason to deny hope to people living under a death sentence.
Oh man are my ears burning! I subscribe to a site called "optionistics", where I find expensive call options. In February I noticed the March call premiums for ITMN were about 40%, which is just crazy high. But instead of doing covered calls, I just bought the stock and bought some 15 puts as protection. It did boost my cost a bit, but it was worth it. I took just 1/4 off the table today, looking for another boost on Tuesday. On Monday I'm going to roll the 15s over into 20s or 22.5s. You just never know what these panels will do....
Regards, Kent
Very nice to hear from you, goldrusher. I don't think BW is leaving anytime soon, though I've been wrong before. I hope you and boots are well. Kent
I live for the day when orders are so common we don't even bother issuing a PR for them.
If I had sold every double I ever had, I'd be retired now.
So...Volume is 10x normal...somebody knows something. It looks like the fun started late Wednesday and continued today.
If our only asset is a damage claim, I wouldn't spend that money just yet. A debt is worthless--unless you can collect. Maybe Paul can call one of those outfits that buys court cases. Maybe J G Wentworth: "It's your money, use it when you need it!"
Hi everybody!! How many irons does PBLS have in the fire, and which ones are hot--it's been a while since I checked in. Is the dirt factory history? TIA, Kent
In my long career I have averaged up, and I have averaged down...made a hell of a lot more money averaging up. At this point, I believe you'd be better off throwing darts at a list of stock options.
Big Lie
In early press releases, Phoenix always used to include investor information: total number of shareholders, and number of shares issued and outstanding, broken down into restricted and unrestricted totals. The last PR that had it was issued July 1, 2005.
From the June 20, 2006, PR...joined in progress...
...It was explained further that the Company really did not need to increase the authorized common shares at this time, and will continue to repurchase common shares as stated in earlier news releases. The Company made it clear that they could not break the resolution apart and only increase the preferred shares. It was a decision to implement the resolution in full or not at all.
(Now comes the lie, where PA implies there will be no new common issued)
Paul Alonzo, President and CEO of Phoenix Associate, stated, "While I know that some may be concerned about this increase in our authorized shares, in the end it is not the authorized that really matters, but the issued shares, and in this regard, this corporate action has not caused any new shares to be issued." In addition, Mr. Alonzo stated, "The ultimate goal of Phoenix management is to grow our Company's revenues and profitability quickly, to become fully transparent to the public, and thereby maximize share value for our shareholders."
Mr. Alonzo commented further, "We have made the decision to make the full capitalization structure of Phoenix public very soon so as to set shareholders concerns to rest."
My take is that Phoenix management can try to blame "interference" all they like--NOTHING has hurt us more than the dilution of our stock.
Somebody else brought this up but it bears repeating: aggregate is heavy and cheap, as commodities go. It makes absolutely no sense to ship it to Europe from Murphy if that is what they intend. Do you mean to tell me there are no sand and gravel pits in all of Europe? I must have misunderstood something somewhere. Please advise.
today is payday where I work...funny coincidence...no?
As a reminder, PBLS does not have to ungag the T/A to maintain their disclosure status. All they need do is give a quarterly snapshot of the share structure.
To me the presence of shareholders at the top of the organization chart is a bigger joke than "soon".
As Jambamboo and others have suggested, the O/S figure is misleading. We need to know the float. More than once I have gotten the feeling our gallant mgt team is a bit weak on business terminology. Here's to hoping they get their act together "soon". DOH! There's that word again!!
We need to know what the float is. I agree it must be less than 1.75B.
Hey Kowalski! Atta boy! Less talk, more action. Let poor Mike know what the float is, when you've got a minute. Better yet--ungag the TA. TIA! Your bud, Kent.
My theory is: Niko heil is Chilar. Same person.
There is an old Chinese curse that comes to mind at a time like this: "May you live in interesting times!" Well, we certainly live in interesting times regarding PBLS.
From here I am not looking to buy any more. I'll be all out for good by the fall. Good luck to all.
For future reference:
1) Truly great companies are obvious. Only extensive DD can convince you to buy a bad stock.
2) Once a person has lied to you, don't believe them again.
3) 99/100 pinksheet stocks are investment poison. If you want to gamble, go to a casino.
my entire portfolio/watch list is green today. The lone exception...PBLS. The price of our little gem has always reflected an equilibrium between the dreamers and the skeptics. There are plenty of people, myself included, that believe there is an outside chance the company will miss its deadline for disclosure. That is the reason volume is down, and the price is flat. Most everyone is fully loaded, at full wait-and-see mode. See you guys on Friday.
Hey! Where is MThead?! I miss him!
If I were to take some off the table now, this puppy would explode to the upside...trust me on this.
There is a low pressure system in the Caribbean. Read here: http://www.nhc.noaa.gov/text/refresh/MIATWDAT+shtml/011056.shtml? Don't forget PBLS is a hurricane play because of the gravel. Any kind of storm in the Gulf will make this stock crazy as can be. The storm could be the reason for today's action.
Just a general comment here on some of the negativity. It is a good sign. I will tell you that unbridled enthusiasm on these boards is the best bearish indicator there is, bar none. It is better than a chart. Think about it: Although most people only lurk, those that post are still a fair representation. Stocks move because of fresh buyers bidding up the price, or fresh sellers pushing it down. When the board is 100% bullish, most investors are all in; and with no new money to push the price, guess what.
One more thing to chew on. Pink sheet stocks suffer from a lack of credibility even under the best of circumstances. Current management has done precious little to counter that. In fact, they have been their (and our) worst enemy when it comes to credibility. The way I see it, PBLS is like a tiny boat dragging a huge anchor behind. It looks like our management is finally, finally pulling the chain. It will take a while.