Jim_Charts...I see that this is your first post...
On our Board, and I would like to say:
To the Board!
If you follow the PR trail from early August '05 you will see the reasons behind the fantastic rally this stock went through from the beginning of September '05
Some of it was tied to the fact of Hurricane Katrina had pounded the city of New Orleans, and the Gulf Coast...But to begin a little earlier than that, read the following PR's...
And on 8/8/05 they announced plans to become a 'Fully Reporting' company, which will enable them to move from the Pink Sheets to a better Exchange...At least to the OTC.BB Market, and maybe even to the Amex or Nasdaq Small Cap Exchange... http://biz.yahoo.com/iw/050808/092524.html
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Then Hurricane Katrina hit New Orleans, and this PR was released...
Press Release Source: Phoenix Associates Land Syndicate
Message From the President of Phoenix Associates Land Syndicate Tuesday September 6, 7:00 am ET
COVINGTON, LA--(MARKET WIRE)--Sep 6, 2005 -- Phoenix Associates Land Syndicate (Other OTC:PBLS.PK - News), a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction related industries, today announced, although our mining operation sustained a direct hit, that Phoenix has survived Hurricane Katrina and is feverously working to maintain its continued growth. As most of you already know, our mining company, Murphy Sand & Gravel, is located in Pearl River, Louisiana, and is the closest mining operation to the New Orleans area and the Mississippi Gulf Coast. Our location has millions of tons of soil, sand and gravel and we stand ready to furnish material to help rebuild the devastated areas surrounding the Gulf Coast communities and the City of New Orleans. In the best interest of our stockholders, this disaster should almost certainly cause a re-evaluation of the $300,000,000 in reserves located on the company's 820-acre site. Thank all of you for your enthusiastic support of Phoenix while we continue to grow our company. We have some great announcements coming up soon. THANK YOU. __________________________________________
Then two days later, this PR came out announcing the "purchase two oil and gas companies"...
Update From the President of Phoenix Associates Land Syndicate Thursday September 8, 7:00 am ET
COVINGTON, LA--(MARKET WIRE)--Sep 8, 2005 -- Phoenix Associates Land Syndicate (Other OTC:PBLS.PK - News), a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction-related industries, today announced, after its skirmish with Hurricane Katrina, that it has relocated and set up temporary offices in Galveston, Texas, and business has been UNINTERRUPTED. Repairs are underway at the mining division which operates under the name of Murphy Sand and Gravel, and is located in Pearl River, Louisiana. Repairs are also underway at the Madisonville office. The stay in Texas will be short and productive and in time a decision will be made to determine if a permanent address in Texas is required. Aside from our temporary relocation, Phoenix is working to assist in the rehabilitation efforts that are underway in the New Orleans and Mississippi Gulf Coast areas.
Stockholders will have more good news in the next few days because Phoenix lawyers have put the final touches on the agreement to purchase two oil and gas companies and the seller's attorneys have signed off on the final agreement. Stay turned.
I again thank each and every one of you for your enthusiastic and overwhelming support of the Phoenix stock. Thank you, Paul Alonzo.
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There are so many good things going on with this Company, it would be hard to put it all into one post...The number of very good PR's that have come out lately is overwhelming...Please continue to do more DD, and I'm sure you will be very pleased with what you find...
The reason for the A/D line at such high levels may be due to a couple of things...
First, I believe the MM's have finished covering their short positions from the last run-up, and are now buying more shares to sell for a profit on the next run-up which I'm sure they also feel is inevitable...
Second, there is a lot of retail interest in this stock, and there have been a lot of buyers lately, that are unwilling to sell any of their shares, because they also feel another run-up is coming...That is what's showing-Accumulation...JMVHO
And Thank you! for the Awesome Charting Site...I signed up today, and am Very Happy to have been pointed there!