Toubani Resources Inc. T.TRE

Thoughts

[coalMiner4]

My guess is TRE short term will continue to slide or bottom out. The delays, current market situation and this S&P downgrade are to blame. The reality of this situation is eventually a report will come out and it will clear them of the MW allegations. Quite unlikely the company is a fraud or has something to hide, the management pisses me off  though hopefully some will be replaced.

But in between while everybody is screaming the sky is falling just like every dip from June until now some big fund is going to snap up even more (probably the one that paid S&P for that downgrade). Then we will head right back up to $6-7 on the news of them buying. Wellington and Chandler did not buy for a quick flip, their only mistake was anticipating a report this month or September. They or some other big player is just waiting for the bottom to grab up everybodys shares. Should not be difficult given the feelings on this board.

Bought back in at $4.75 yesterday morning plus a few call options, patience is key short term this could get worse, I will buy more if it goes under $4.00