PHXI.OB – What’s going on ?

[Ramsburg]

Hello !

I was making my routine intraday searches over the OTCBB markets, when I just found this mover: PHXI.OB

It's up +112% with record high volume of 74M
Market cap, according to Yahoo Finance is just 167k

PHXI is a Business Development Company on the gaming sector,
Company Homepage:
http://www.thoroughbredinterests.com/

Recent news on BetBarn66.com:
http://biz.yahoo.com/bw/050805/55449.html?.v=1

Technically speaking, the stock has been accumulating between $0.0007 and $0.0013 for the last few weeks... Today we watch a breakout with crazy volume...

I'm not sure what's going on here, and I have to do some DD over here...
Meanwhile, I have to buy a little position just for precaution

Any opinions ?

[basonista]

This release posted Friday after the close would explain the move today:

Phoenix Interests'(TM) Wagering Site, BetBarn66.Com, Posts Record Quarter, Ending June, 2005
Friday August 5, 6:11 pm ET 
Preliminary July Numbers Show Continued Success.


JEFFERSONVILLE, Ind.--(BUSINESS WIRE)--Aug. 5, 2005--Phoenix Interests, Inc. (OTCBB: PHXI - News) announced today that BetBarn66.com, the online wagering site operated by its wholly owned subsidiary Online Enterprises, Inc., is showing continued growth and success, again setting records in handle. Phoenix Interests remains extremely optimistic about the site's prospects for growth.
With the buildup to the Kentucky Derby and through the Triple Crown, BetBarn66.com repeatedly posted record numbers for new customers and total handle. Following the conclusion of the Triple Crown, the site has seen consistently high levels of play and has avoided any dropoff.

During the second quarter, ended June 30, 2005, the site saw record handle amounts each month, leading to an overall record period.

             Month                      Handle
             -----                  ---------------
             April                  $     60,545.30
             May                    $    116,671.50
             June                   $    117,980.10

             Total Quarterly Handle $    295,196.90

In addition to record handle, the site also added 463 wagering accounts, representing for more than 72% of the total number of accounts at the end of the second quarter.

Preliminary numbers for July 2005, indicate the site has been able to maintain the level of play, with total of handle of $107,054.80. These numbers are particularly impressive when considering that Churchill Downs closed during July. Churchill Downs' handle accounted for nearly 39% of the site's handle during May and June. The site was able to move those players and that handle to other tracks.

Going forward, Phoenix Interests expects, but cannot guarantee, that August numbers will exceed July numbers, with both Del Mar and Saratoga featuring six days of racing each week. This will provide opportunities for increased handle and growth.

The site is on pace for annualized handle of just under $1.4 million. With continued growth and success in attracting new account holders, the annualized handle could exceed $3.5 million by the end of 2005. The site now has 650 accounts; if the number of accounts continues to increase at the current rate, by June 2007 the total number of accounts would exceed the site's previously stated goal of 3,000.

Much of the site's improved performance was achieved by boosting midweek handle. The site worked aggressively to increase handle by promoting upcoming events and featuring particular tracks and races. Overall, the site combined radio, email and an expanded direct-mail campaign to encourage play from potential and existing customers. In addition, the site is sponsoring a weekly radio show that aired in the Louisville market and may air in additional markets in the future. Jim D. Tilton, Jr., Chairman, CEO and President of Phoenix Interests, stated: "Our marketing efforts have allowed us to maintain strong handle with minimal investment of capital, leading to reduced customer acquisition costs and greater efficiency, all the while building greater value in the company's brands. The growth in overall accounts provides the BetBarn66.com with a strong foundation."

Phoenix Interests continues to actively investigate additional acquisitions candidates.

All account wagering activity on www.BetBarn66.com is handled by AmericaTab, Ltd., a multi-jurisdictional simulcasting and interactive-wagering totalizator hub licensed by the State of Oregon. BetBarn66.com is a member of the AmericaTab affiliate system.

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "soon," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Phoenix Interests' filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.



--------------------------------------------------------------------------------
Contact:
     Phoenix Interests Inc.
     Investor Relations, 502-584-4434



--------------------------------------------------------------------------------
Source: Phoenix Interests Inc.

[The_Smaker]

I'm in @ 17
nice call !!!! 

[J.Livermore]

Excelent chart !
Isn't that a bump & run inverted pattern ?

Bought some by the way

[AussieTrader]

If in doubt follow the volume Another micro penny, but something clearly is going-on

[atalltexan]

Aussie, how do you read the big pullback during the latter part of the day ?  Do you see it as a lack of confidence in the move having legs, or just daytraders taking their quick hit ?

[Ramsburg]

If in doubt follow the volume Another micro penny, but something clearly is going-on

Hi Aussie,
I've merged both topics.

But yes, I agree... something is going one here...

[OhadOnFire]

Ramsburg,

Are you in?

[AussieTrader]

Well intraday it went up 100%, so a pullback is natural. Most of the vol went through on the way up and above $0.0015.
I use intraday day 5 min charts when looking for entry and exit points and PHXI has drifted back to the 200ema (on a 5 min chart). From my experiance that is usually a solid support point for strong stocks on the pullback. This chart shows what I mean (hopefully).
Sorry about the duplicate thread I searched on PHXI and nothing showed, probably becasue it was PHXI.OB

[agatto2]

Aussie nice colors on the chart     

[Ramsburg]

Ramsburg,

Are you in?

Yes, I have a position on PHXI

[atalltexan]

In at .0016.  Stock has dipped to .0013.  Even better entry point !!

[atalltexan]

No follow thru to yesterday's gain.  Steady fall this morning (down to .001 current bid).

[teopi]

PHLI........KK.........Reverse split 15/1

R/S link

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001214827%252D05%252D000011%252Etxt%26filepath%3D%255C2005%255C07%255C11%255C&symbol=PHXI

[firestocker]

I bought some at .0013 today.  anyone have any technical info. on short term target?  thanks in advance                               ed