Phoenix Associates is in a breakout mode. This stock has been heavily naked shorted over the last year. I personally estimate over a billion shares myself. The stock just on 2006 fundamentals should be trading around $.18. The stock on 2007 fundamentals I can see trading at about $.40. Most of the Longs in the stock are holding out for at least fundamental prices. I personally believe if we can get past four cent resistance we could easily see the stock over a dollar as high as multiple dollars. There's no downside in the stock that I can see, and every shareholder I know is extremely loyal in owning this till its full appreciation. The symbol is PBLS Check it out.
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