GREY:TBTEF - Post by User
Comment by
bshort92on Aug 02, 2011 8:38pm
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Post# 18897031
RE: August
RE: AugustA great start to the month today. TBE contines to trade lower towards its proper valuation...about $2 a share. The market does not like TBE. When was the last time an analyst said something good about the issue. The shares go lower amid a dropping oil environment, a strong Canadian dollar and an issue that is now not going to hit its year end exit debt of $70 million. No one trusts management. They have six properties in the mix...none are of the type to transform the company, no insider buying is going on, issue lacks clarity and thats why it lacks coverage. I think the short sellers shall have there way to about $2. At that point the high volume sell off should hit and then one can consider taking a position but until then its a slow burn.