PHI Group Inc (PHIL)

[pigsheaven]

The bears were caught on Friday with their pants down. They expected a delay and were banking on PHIL to tank. Henry rained on their parade when he announced the filings would be released next week and that he would hold a conference call on Wednesday. I believe PHIL already received the financial review approval and the filing of the remaining Q’s will take place on Monday (JMO). After they are posted pink current will occur on Tuesday with the CC on Wednesday after the close. The conference call will confirm any and all doubts about the future trajectory of PHIL.

The shorts, after facing a 30% unexpected loss on Friday will try to turn this around on Monday by bashing the stock and provide a barrage of negative posts, so as to not incur greater losses.

The longs are in the driver’s seat. The shorts are worried. If this charges forward out of the gate they will have to buy rather than sell to cover Friday’s losses.

There will be a lot of buyers and a lot of sellers and some winners and a lot of losers. Those who have their shares can sit back and watch the fireworks knowing no matter what happens the share price will go up by the end of the day.

The battle of the buyers and sellers will commence at the open. Will be interesting to watch. Let the games begin!