Phoenix Associates Land Syndicate (fka PBLSQ)

[Whirligig]

santa,

I contend that PBLS was not overbought when it last reached .03.

The last run was a result of news that PBLS was releasing financials to become Pink Sheet compliant. IF the news was as expected and the curve ball of the unexpected doubling of the outstanding share count and the questionable series 3 preferred, the stock would have continued to rise. Instead we went off a cliff because of disappointing news. I do not believe charting gave any indication which way this would go before the fact....... news.

I have a friend that is a pure charting guy and does not even know the names of many companies he trades. He makes money following charting strategies. We talked about PBLS and he will not trade a small company like PBLS because of so many uncertainties.

My belief is that PBLS cannot be traded with any comfort because of the unpredictability of accurate reporting by PBLS management. Good charting depends on accurate financials and timely disclosure that assures the stock is not being manipulated.

I also watch the charts but only in reference to looking for low buy points. I have no idea where the sell point is because I an buying to hold long and HOPE that PBLS management is looking to make this a good long term hold.

There are many ways to sucessfully buy and sell stocks but still think charting PBLS is shooting in the dark.
I also have to admit that believing PBLS will one day reward shareholders gives me a thirst...... pass the Kool aid.

saw wa dee krup........