Replies to post #39282 on Phoenix Associates Land Syndicate (fka PBLSQ)

[lakedweller2]

It's hard to decide whether to be long or DT in the pennies, because of the nature of the pennies themselves. With so many scams and false claims, some feel to take profits on the upswing is preferred because it's going to come back down. So few pennies ever make it to another board, making the odds of LT success, as a percentage, very small. On the other hand, if every ST gain is shared with the government to the tune of about 40% or so, it helps to be playing with big dollar amounts to make the ST worthwhile. There is merit to both and it appears that most play both ways. Grab some profits and let the free shares ride, if you can. Expect some stocks that go to 0 and make it up with the occasional run. Let's hope PBLS is one of those that makes some money for the longs and DTs.

[sawdin]

I was aware that it was debt related, however, that doesn't preclude other possibilities. My main point is that I believe PBLS feels the OTCQX is a much better move at this time (I agree with that assesment) AND if they do move elsewhere in the future, it won't be to the OTCBB.