You did good in ordering your certs grizzy. People have no idea what this company has, nor will they till the end of the year. Until then its buying time. I called my brokers yesterday and ordered certs for half my positions. I think it will help the company in their efforts to find and thwart the short position on the stock.
Adding up the numbers and what PNEW has on his site I think the companys projections of doing 50 to 70 million this year is going to be an easy shoe in.
All of the operations at PBLS are cranking at this time. Construction Divisions are picking up work left and right and even the gravel pit is busy which is surprising. So it appears the work is beginning in the NOLA area albeit slowly but I think thats going to be changing dramatically each month going into next year.
Once the Market Makers finish playing their games they too will see the value of this company. Until then I'm sure they are working on inventory and thats my read on the accumulation that has been taking place the last many weeks.
Now that is a plan that is similar to mine. My plan includes buying here and there at these super cheapie prices also. Small variation to your most excellent plan.
Oil / gas is moving just as fast as sand and gravel. I wonder if any of the bayou state guys drive tankers!!!
One thing I get leery about is when I hear all the talk about "shorts", "pulling certs", taking share counts etc... you know what usually happens in pinkieland..and I think this is what is keeping investors away despite all this good news. I am long and am holding but am just trying to reason the pricing action......and this is all I can come up with based on my past experieinces......IMO
Scroll down to the section on "Brent Creek" where 2080 acres are mentioned...
My feelings on today's decline is: There were probably a LOT of Daytrader's and Momo players that bought on yesterday's and today's PR's...When the Momo did not arrive, they decided to bail out, most likely for a small loss...It didn't do what they expected it to do, so they moved on to Greener Pastures. So, IMO that's a Good Thing...
I have a feeling there may be another drop below .026, possibly even to below .025 to shake the tree of the rest of the weak limbs...Then, only the TRUE LONGS will be left...That also IMO, will be a Good Thing...Time will Tell...
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