Replies to post #22534 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Time To Roll]

5.05 % is a great business rate today, It shows the company has something to offer its creditors, profits and assets IMO. I think it's better they use cash to buy as many shares as possible before it moves up.

[pnew122]

Won
Agreed. Being punished seems to be the mood of the day, week, and year. Everyone is red here, and can't deny that. Sort of funny actually. Some here look for sentiment, knowledge, and logic. I'm stupid I know. Bought in higher than present back in 10/05, but haven't added 1 share since. Yet so many here and elsewhere claim to have market knowledge, yet they are buying all the way down, and losing additional funds. As with anyone taking that stance, the hope is the move up will have made $ cost averaging a good choice. But until this company attracts someone(s) to driven the PPS, I don't see any current company conditions that can hold this up. Of course, that is just my guess. We all know it can turn on a dime or in this case, a penny. Only problem is, people bought with news of the buyback, and are now down nearly 70%. My guess again is any movement, they will sell and be happy @ even. Tomorrow is another day.