AI
Thursday, January 05, 2006 11:22:44 AM
About PBLS...
After the PR stating there was a well producing 15K BBLS/DAY of Oil on the lease next to theirs in Nevada, and then putting out a PR later that it just wasn't "true", I lost ALL faith in the management of this Company...
Their PR writing skills still needs a LOT of improvement IMO...
That's all it took for me to bail out above .02 before the dump to .0132
It was obvious a LOT of other traders didn't like that PR any more than I did...
PBLS was my very first venture into the Pink Sheets, and it will be my last...
I still think the Company has a lot of promise for the future though...
They DO have a lot of good things going on, that should come out in future PR's, and give this stock a good rally this year...
For now, the charts are showing it WAY above the upper Bollinger Band on the daily chart, and also showing Very Overbought on the W%R and Fast Stochastics, so I would expect it to consolidate or pullback here to get withing the upper BBand...Of course, a Good PR out anytime now will make this one continue to rise, like it did on the last run-up...
GOOD LUCK TO ALL! ;^))
After the PR stating there was a well producing 15K BBLS/DAY of Oil on the lease next to theirs in Nevada, and then putting out a PR later that it just wasn't "true", I lost ALL faith in the management of this Company...
Their PR writing skills still needs a LOT of improvement IMO...
That's all it took for me to bail out above .02 before the dump to .0132
It was obvious a LOT of other traders didn't like that PR any more than I did...
PBLS was my very first venture into the Pink Sheets, and it will be my last...
I still think the Company has a lot of promise for the future though...
They DO have a lot of good things going on, that should come out in future PR's, and give this stock a good rally this year...
For now, the charts are showing it WAY above the upper Bollinger Band on the daily chart, and also showing Very Overbought on the W%R and Fast Stochastics, so I would expect it to consolidate or pullback here to get withing the upper BBand...Of course, a Good PR out anytime now will make this one continue to rise, like it did on the last run-up...
GOOD LUCK TO ALL! ;^))
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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