Perhaps I should explain my response,
Jim_Charts asked below in part:
"...but the acc/dist has been increasing with a step and volume increase which is curious to me. Any thoughts that would account for this?"
My response was:
"Any thoughts that would account for this?"
Answer: Growing investor confidence.
P.S. Thanks again for the charting!
Please do not think this respnse was addressing the rest of Jim_Chart's post. His chart indicators clearly show the "acc/dist has been increasing with a step and volume increase".
As I mentioned to Jim_Chart in a more detailed Private Message, in part, to the rest of his comments:
"...September, that spike was purely a Katrina play on the dump truck/ sand & gravel pit (800+ acres) businesses that PBLS owns. The pros/day traders and probably the company sold the spike. You will notice the company appears cash rich now and is buying oil/energy companies and properties now with cash and restricted/preferred stock. Suits me fine and the O/S seem to be holding fairly steady...."
The market, therefore, has growing confidence in this company. I think this explains the T/A dynamics of acc/dist increasing with a step in the relevant indicator and the volume increase of late.
I hope this is more satisfactory for some of you discriminating readers who have challenged my public resonse.
But until PBLS is GAAP reporting, the true value of the stock will not be reflected in the price.
Waves of Crude Oil & Natural Gas:
AI
