RE: RE: Could be bottoming outI agree, taiman. The one thing that concerns me a little is the incredibly low volume, which makes such securities easily manipulated with very little trading capital. There are times when only $40,000 on the TNP spread is separating 10% price differences.
I'm not purchasing again at the moment, but plan to soon. I think mid-July is likely to surprise TNP holders. There was a nice block of volume on the 27th that pushed the price up, and since then it has been volume has been weak, and price flat. There's some bullish divergences showing up on the indicators again, so that's encouraging. On a one-minute chart, the volume suggests the reasons for the price decline is asks hitting (or selling into) the bids, but soley the ask lowering their prices, as each minute has often been opening lower than the previous minute. Then, from time to time, the odd big bid hits the asks. I think the selling pressure is definitly subsiding.
I certainly like the fact insiders have been purchasing in the mid-$2 range.
Anyway, good luck TNP holders.