GREY:CNTTQ - Post by User
Post by
Analystguyon Jan 31, 2019 4:50pm
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Post# 29303806
Is a pullback in the works?
Is a pullback in the works?First - I think management of TRST are doing things right and the fundamentals reflect that they are working for the shareholder. But after todays close, I would like to raise a note of caution with respect to stock price. Yes it's terrific we broke through $10 per share, but I can't see why given there is no volume to justify such a move and the fact that about every major house has all but reduced their TRST shareholdings. This doesn't bode well for me as it appears to be a classic pump. Today's closing Share price is in the top 1 percentile of closing prices since early November gaining almost 6 std deviations in just over a month despite normal trading volumes. Based on the above I think this stock is ripe for a pullback soon.
