Phoenix Associates Land Syndicate (fka PBLSQ)

[Time To Roll]

mthead

"It could turn around tomorrow but it's even more likely to keep going down and anyone just now getting in should be prepared to lose 50% or more of his money with no guarantee of ever getting it back."

I agree with much of what you have to say, however I didn't realize any of our investments came with a guarantee. I invested in this one for the long term. I play many others for a flip or a good run. There is just something that keeps me in this, I can't explain it and I know many others feel the same. In retrospect, at this place in time I would have done much better trading it. I view the money I have invested in PBLS as seed money. Many seasons have passed and many more may pass before I get the reward. A lesson to all would be to never invest more than you are willing to loose. It could happen with any of these plays. Dead money for now, in the long run who knows. GLTY