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I think I might have to concede that PBLS trades on technicals because yesterday was almost as classical and predictable as it gets...bounce off 200 sit on top of 20...that's as easy as it gets with TA. I'm curious how it plays today. If PBLS continues trading based on TA I'm gonna start trading it and make some money while I wait on the company to give us some news!
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GL gnulnx. hope it works out for you. I would consider that too but the only problem is the risk of missing the financial PR and the train leaves the station before you're able to get back in.
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Rex, I would only play with a small part of it...and the only reason I would do it would be to accumulate more shares. I am starting to think we have a while yet before the Form 10 pr. Company is buying back shares and aquisitions are still being made, etc.
I will say my one aversion to trading is that I would like to hold PBLS for over a year to reduce the tax hit. If this stock does even 1/4 of what I believe it will then the tax burden becomes quite large.
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Understood. I think that's a solid stategy. I have another 8-9 months for the 10% tax bracket but it is a consideration. It's been awfully quiet the last few weeks and I wouldn't dismiss financials this month. I'm not worried if it comes in June or later, I'm long and am not selling a stock extremely undervalued.
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I agree Rex. It is coming. Perhaps this month, perhaps not. Knowing that Paul and his wife have a significant number of common shares keeps me at ease, because it's in their best intrest to get the price up. The only thing that really irks me is the TA gag. It's complete BS. Oh well back to watching the PBLS paint.
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Good going you are a great bunch pbls should consider itself lucky still have my position finally figured out if you will make on pbls it will be a long hold that in mind I make money to buy more pbls. When it all comes out it will be a real runner and you will want to be in I was right about nord oil was in at an average of .24cents and sold into the run at over a dollar and I was in pre revers take over merger and I will never do that again thoes that stayed with me made real bank and the reason I say this I feel better about pbls than I did the Ruskies at NDOL. glta
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Yeah the last big run was for like 3900%. Not sure it will do that again. Well at least not all at once. Our day is coming tho...but probably not until next month or the month after. I know everyone reads "by mid 2006" to mean June, but I read it to be May-Aug. Companies need some breathing room. Of course I would give them more breathing room if they were more transparent ... **cough** ungag the TA **cough**
Hope I'm wrong, but if I'm right I hope the company is buying back as many shares as possible.
posted
COVINGTON, LA, Jun 19, 2006 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced modifications to its stock repurchase program that it publicized back on April 26, 2006. Phoenix had previously announced a continuation of the stock repurchase program for an unlimited number of shares. Phoenix's Board of Directors has now clarified that the stock repurchase program encompasses the following components: (i) Phoenix shall repurchase up to one hundred million shares at a price of $0.03 per share of common stock, and (ii) all repurchases shall be effected in compliance with Rule 10b-18, promulgated under the Securities Exchange Act of 1934.
Should you wish to participate in this stock repurchase program please:
1. Send your stock certificate via "Certified - Return Receipt
Requested" mail to: Phoenix Associates Land Syndicate
P.O. Box 1358
Covington, Louisiana 70434-1358
2. With your certificate send a letter, in your own words, stating that
you are selling the stock back to Phoenix for $0.03 per share and that
you request your payment on same within thirty (30) days.
3. Sign the back of your certificate as the seller along with your letter.
4. Phoenix will handle the ensuing paperwork and pay you for your stock
within thirty (30) days of the receipt of your letter and your signed
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what? This is awsome. My average purchase price is 3 cents. PBLS basicaly just insured me 100% against downside risk. Last time they did this the price went from .003 to .128.
This is awsome news...the stock isn't going below 3 cents anytime soon....like until the end of the current universe.
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To me it looks like they are tryin to build a temporary support level in the .03's so it wont drop like a rock if they don't release something by the end of the month. I sure hope they do.
-------------------- Fred [IMG]http://renegade.iconlabs.net/images/tek.gif[/IMG]
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You could be right. As an investors I am gratefull that they would do that. That's much better than doing nothing and having to watch our investments plummet below 2 cents.
This is wonderful news. 100 million shares is a lot...expecially when you consider other investors will be clamoring for them as well. This has the power to keep us above 3 cents for a very long time to come.
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This is a win-win for the shareholder and PBLS. We have an almost guarenteed floor of .03 and PBLS accumulates cheap shares just before they release the financials giving them more money for aquistions when we hit dollar land.
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I'm not selling PBLS before 1 dollar...and I still stand by my prediction of 5 dollar in 5 years...just need a little luck with some oil and it's game on time.
quote:Originally posted by stickfigurefred: To me it looks like they are tryin to build a temporary support level in the .03's so it wont drop like a rock if they don't release something by the end of the month. I sure hope they do.
to be honest i think they will be late with all promised things that they would like to have done until the end of this month. But such PR makes me safe, that its not a big problem. I can wait anyway, when my average price is 0.0267.
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Authorized increased to 2 billion, 250 million preferred and 750 million common. Mulshine told me that the company needed to increase the A/S to complete acquisitions with preferred shares. The preferred shares are worth 10 bucks a piece and restricted for 5 years.
I asked him why they did not release a PR explaining why they needed to increase the A/S instead of just dropping the bomb via message boards. I guess they saw this coming so decided to put out the 100 million buyback to hold the price up.
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I called the auditors and they told me that the audit was not completed, which obviously meant that the form-10 would not be done by June. I also asked Mulshine if the form-10 would be out by the end of June and he said no.
I am out for now, may jump back in later.
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