The Friendly Money Making Board

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PBLS Chart - PBLS will probably randomly pick a new support line and stick with it for a while. Investors are at the mercy of the company, whatever their current thinking is. They are supposedly out of acquisition mode, but then they made another acquisition. A full accounting is to be made by early summer, and a move off the pink sheets, but I challenge that idea. Last year's version of that turned out to be nothing more than an opportunity for more growth. I don't necessarily see the growth positively because not much has come from it. Where is the oil? PBLS has land leases in four states, two are slated for deep drilling and they never acquired what they needed, a deep drilling company. I have sat down with my friends and crunched the numbers as best we could, and we don't see the value being much more than half a penny at best, right around the old support line.

The Jan-18 candle is called a spinning top. Complete indecision between the bulls and the bears. Indecision usually ends up lower. It takes lots of bulls to move these stocks. In my opinion, it'll base here for a while and then it's up to the company to break the stock out.