TS03 Inc Trust Units TSTIF

RE:X-thin volume

[ImmanuelK1774]

My comments regarding the technical outlook for the shares are still in placefrom last week. Resistance still looks to be at 68c which is just above where the 200 dma resides. Average volume between Jan 2 (where we bottomed at 36c) and last fridays close was approximately 130,000 shares. We saw accumulation on better than average volume really from Jan 7 through the 11th where price action went from 55 - 64c. I would suggest there was some minor institutional buying that week post the commercialization update from Ramblin and the boys. Unfortunately (or fortunately) this will be a news driven story until we can get enough CF in the market coming off the hundreds of VP units some of you are expecting to be placed / sold this year. Once that is accomplished valuation and growth could/should be a real driver of share appreciation. I think the market will likleyly need some more positive news to help get us through the resistance at 68c. Hope that helps.