posted
Great day overall. We closed at .026, the high of the day. For the day we were up 15.56%, with over 14.3M shares traded. This was long over due. Hopefully this will continue tomorrow. Don't see any reason why not. Hold on to your shares. GLTA
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Delay from yesterday's news? I just hate to see what will happen Monday. :/
I think PBLS works more like a thick liquid rather than like water: when pushed under pressure, it slowly goes up; when not pushed, it slowly goes down. There's also a delay to the change vs when the pressure is first applied. However, this is purely speculation based on recent (last few months) days.
[ March 30, 2006, 13:33: Message edited by: Thorn ]
-------------------- May your trading build your character as well as your portfolio.
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For those of you without last sale, I've noticed a lot of mirror trading going on today, which would also account for the high volume. The mms seem to be mirroring it down, which usually indicates to me that they want to hold back the run.
Hope this latest news is the beginning of something good!
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posted
The current acquistions just make PBLS even more attractive as an investment in a penny stock.
Did they purchase with restricted/preferred shares. I would bet they did. The authorized is still 997 million and they are not over that.
The acquistions make the oil part of PBLS extremely attractive. It seems to me that the companies that they have added will be able to provide them with drilling rigs. I need to do more DD but it seems they have access to some rigs to drill in WY and NV. If they hit in WY or NV we will see a huge payday without a doubt.
I for one saw a heck of a lot of buying pressure yesterday and the price really did not reflect the amount of buying that took place IMO. Things will change as soon as they get the 10-K filed and soon after moving to OTCBB. Transparency will be there and multiples of people waiting for the 10-K will enter at that time. They are very smart for waiting but they will not be in at the bottom like most of us are.
I will post more DD as I learn more about the acquisitions.
Still holding long and have not sold 1 single share.
posted
I raelly don't know why it tades like it does and niether does Mike Mulshine when I asked him I know he says he keeps buying and thinks there will be a payday me two I like this stock I to with my limited time for at least 60 to 90 days will try to drag up SOME DD. GLTA I AM LONG AND STRONG
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macd, the companies they are acquiring are NOT drilling contractors, NO rigs. They supply downhole mud motors & directional equip, and directional DRILLERS, human beings.
-------------------- It takes a lot of attaboys to make up for an aww chit
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And they will likely need BIGGER rigs for deeper holes in Wy & Nv, not the little single they are using in KY. Expensive to move a rig & its crew from KY to WY too.
-------------------- It takes a lot of attaboys to make up for an aww chit
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posted
Well, there you have it. News. Up. Waver. Down. Back to where we were. No big surprise there. Once we get some hard financials or a change of market we'll see something. I wouldn't expect much before then.
-------------------- May your trading build your character as well as your portfolio.
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