OTCPK:TOUBF - Post by User
Post by
glorieuxon Jul 02, 2011 11:04pm
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Post# 18790722
People lie, charts do not lie
People lie, charts do not liewas a line I first heard by Coswil, a solid TA guy for whom I have alot of respect for. Us pions here have no real way of knowing what the truth will turn out to be. There is some good research and points counter points but all have agendas here weather long, short or paid idiots. I have been trading TRE when I thought there was opportunity and made some money. However, what I have been looking for is a solid move up based on 1 or 2 houses that would indicate that some people with big connections/money/due diligence have ascertained the truth and are now stepping in. I believe we saw that on Thursday with Barclays and Anonymous buying with very little regard to the share price at our current valuation. Between the 2 of them, they bought 7.4M dollars worth on the TSX alone. That is not a guessing game for these guys IMO. They have had 4 weeks since MW released their info to do their DD. Their checks and balance said that the MW story is BS and now they are on a feeding frenzy.
The other side of this coin is that there is still many shares shorted. Some people are convinced this is going to zero. Now, these people are seeing their profits decrease or in some cases are in a losing position now. If on Monday, Barclays and anonymous resume their aggressive buying with little regards to price, then we could be in for a hell of a run as momentum players and a big time short squeeze combine to drive us much, much higher.
The action early on Monday will tell the story. Keep your eyes out for Barclays and anonymous as their buying will begin the short squeeze.
Glorieux