Replies to post #9935 on Phoenix Associates Land Syndicate (fka PBLSQ)

[monkeyfrog]

I'm gonna hit the sack but I will email you in the morning if that's ok.

Let me throw out this scenario-- NOT SAYING THIS HAPPENED IN PBLS CASE BUT FOR SAKE OF ARGUMENT. err ok


Lets say the 15000 barrel oil dealy was pr'ed and PBLS insiders sold some shares on that PR - the question would be- when did PBLS management know that that PR was possibly in error? And lets just say hypothetically that The 1 billion share increase leak corresponded with the company actually buying back shares while the general public thought the AS was now double what was previously thought and perhaps some sold on that revelation. Then the extra 1 billion shares was revoked. Can you see a conflict? I mean some may have sold thinking the AS was now 2 billion shares while the company was buying those shares at a depressed price- AGAIN NOT SAYING THAT HAPPENED HERE but it certainly is a topic for discussion IMO


Got to hit the sack-- See what tommorrow brings- if you are a trader I think tommorrow is an up day - with maybe a little weakness going into a 3 day weekend at the close.

[cash2go]

Mastercraft - that statement sums it up well

"What I can see is that the company if anything has under pumped the company news."

Huge revenues from Progas. Later it's announced margins are less than 1 percent. Was it built up for a letdown? And always the PR's are about cash going out the door but in a positive way?? Doubt keeps seeping in for anyone accustomed to 10Q's and 8K's and reading between the lines on even SEC filings.

One thing for sure is that management has been coming up with cash. And, when they really want the price to run they have complete freedom on how they release the real news.

[The_Free_Nebula]

Sometimes things don't need to be over-analyzed. Folks simply sold for a profit and there were enough new penny players to prevent the down-ticks. After all the RSI was in nearly overbought territory and the PR was simply a catayst for a sale. It probably wouldn't have made a difference what the PR said...Maybe there will be another creep up once equilibrium returns at some lower point...

TFN