Are traders Driving This Stock Price Down? I am now of the opinion that many of the present day shareholders are simply driving the price down for their personal financial aggrandizement.
Be that as may be, that is the nature of the day trader. We all want to make money. It's just that some want to make it faster than others and at the latter's expense.
I am not naive. I am aware of what is going on here! Heck, many are bragging about it, right here in this forum. I mean, what the f**k gives? How stupid is that?
There is little point in posting information of a positive nature regarding the prospects for Trillion Energy when it so patently obvious that the day traders, couldn't care less!
This must be a matter of consternation for the company's managers and directors when they make their best effort to promote the company by showing it to the public in the very best light!
Drive the price down! Shake lose the weak hands! It's no wonder that the private equity markets often perform so well as the better investment vehicle.
So from my present perspective, we are really going to need some very significant volumes of shares traded, perhaps in the many mult-millions of shares, to have any significant positive impact on the price of this company's shares. The day traders have purchased, just too many shares.
Sorry to say this, but don't expect this company's shares to rise much from here unless the company can find the motherload of natural gas which Art Halleran did suggest might be here.
The wisest decision to make as any potential new investor would be to wait for a solid bottom in the price to occur. Do not chase these shares higher! Because it appears that these shares will not will not be allowed to rise much, any time soon! Just enough, to entice a few more suckers into the fold?
As frustrating as this may appear to be for all longs and company's managers, this is what it is!
I might suggest to the longs to hold your present positions and not to sell out to these day traders.
But you will have to be patient and look the other way for at least for a time of some temporary duration. Maybe these traders will gain some new insight in November when the first gas is set to come into production. However, it is anyone's guess what these fools, may choose to do!
Luckily, the company is fully funded and no longer needs to seek a private placement from any financial lenders. Higher prices are better for less stock dilution when such a need does arise. But we now know that this will never be necessary, ever again!
Trillion will soon have its own cash flowing into the company's coffers. Did I hear Art Halleran suggesting that it would start at around $25 million per month? Not too shaby for a beginning cash flow scenario!
Perhaps, they might one day also consider paying some small dividend or engage in a share buyback plan. That could also help contain some of this excessive and unnecessary volatility, at some future date.
We had better be patient or decide to sell out to this company's greedy day traders who consider this to be the very best way to play their game. They are making the most money while the rest of us wait and hope. For what?
Good Luck to the longs! You may to need it! LOL
Have we bought into a stock that can't possibly go up?
It's a good company with the best of futures!
Huge volumes are being traded. It makes no sense!
What's taking so long? Now, we know!
All the best! Java