Phoenix Associates Land Syndicate (fka PBLSQ)

[monkeyfrog]

PBLS longs have a short term- fast becoming a mid to long term problem here. You need a capitulation bottom. What you have is actually longs rather than selling and cashing out averaging down or reentering, and there lies the problem. If people are still buying and continueing to hold- where are the shares coming from? And even if you get a mini pop- without a real bottom the pps is destined to fall back . Gotta ask yourself- "what kind of news will get the pps moving in the right direction and when if ever is it likely to occur?". Right now buying here is like catching a falling lawn mower blade at full rpm. IMO