Phoenix Associates Land Syndicate (fka PBLSQ)

[gnulnx]

Ren I agree except on one point.

"Nothings really different risk-reward wise than it has ever been. "

Actually the risk/reward ratio has been cut in half for me. Everyone has to calculate that ratio themselves, and for me it has been cut in half. PBLS may come through and trade to a dollar still, but I seriously doubt it. I'll be happy to ever see 5 cents.

PBLS has always been a long term hold for me. It's just not worth the same risk as it was before. Perhaps they will convince me in the near future that I am wrong. However between now and then I will start systematically reducing my risk by liquidating a portion of my position. Basically it boils down to making sure I have dry powder to buy a lot more if it ever goes subpenny (I think it will...but I'm usually wrong). I have had trading shares in this stock for awhile and never traded them. Well today that changed. I took a 50% profit on some shares I bought on borrowed money. Perhaps I'll miss the train on those shares and PBLS will head north. That's fine I still have WAY more than enough. However if it goes back subpenny I'll be able to reload the boat...to flip of course.

Bring on the misinformation. PBLS is a real company and I'm going to play the game with them until they quit playing games.