Replies to post #43715 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Whirligig]

Ren,
How can charting be if any value if we do not know the true outstanding share count in investors hands and or company coffers.
The pps took a dive because of news that the share count is not what we were told. Today are still not sure where the outstanding shares reside and the true share value is undetermined.
My point is that how can charting be of use when an impending pr will certainly send the pps in one direction or another?

[El Cornholio]

Charting thinly traded pinksheets is like shaving Bigfoot's balls. A total waste of time.

[GE_Jim]

Ren, RE:Chart and your question

“Please explain any signifance of a shoter term MA crossing over a longer term MA.”

First if your using the ma’s listed on the chart from this board, you’re intermixing. 10 day over 200. Short ma’s are used for trading 10 with 20, 30 and some with 50. 200 day are typically used with a 50, not a ten. 50/200 is standard. Long term would use weekly scales and a 40 and that would 40 weeks not days.

In any event the 50 is at .0191 to the 200's .0141. The answer to your question then is no not bearish. { that would be going forward from now}

A quick statement to where we are could be worded simply as consolidation. A quick read would point out the rsi at the oversold mark, adx near the 40 mark points to a hard sell off, but not maintainable. You have the .014 res/ above matched currently with the 200days. If one cared to looked at the attempted break above .014 you will notice it was doomed from the start, see volume that day, not enough conviction from the buyers. Were going to have to hit that mark with some volume behind it.

Anyway I did say a quick statement.

Regards