Twin Butte Energy Ltd TBTEF

Peters has been loading up in last two trading days

[PUNJABI]

Peters has bought 2,810,400 shares on TMX they would have also purchased some shares on other exchanges. The chances are that they would have bought well over a million shares in other exchanges in the last two days.

During the last three day the volume has been exceptional. 97.4 million Shares have traded. This is about 28.3 % of the total outstanding shares. This could indicate that large scale dumping has been done & the sellers will be getting exhausted soon. Most of the sellers would have blown out their accounts. There could be some short selling. The short selling would have added additional pressure on the stock. With is now past. The short position will become support in the future.

I am more of a trader than an term investor. I trade for small spreads & swings. Like pull back trading.

I use fast & slow stochastic & RSI to enter & exit stocks. In case of TBE the stock is really oversold should have a bounce or at least a dead cat bounce. On technical grounds it has been even more oversold than the last massive selloff when it hot $1.60 that is when I started trading this stock.

The time the stock on fundamentals basic is in a better position& is trading at a similar price. The company has issues but the market has over reacted & punished the stock.
Personally I like stocks that are stuck in a range because it is easy to identify the pattern & trade them

My comments on this board are more from a traders point of view than a long term investor.

House Positions for C:TBE from 20140515 to 20140516

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
77 Peters	2,810,400	5,066,742	1.803	0			2,810,400	-5,066,742
2 RBC	1,744,169	3,175,871	1.821	1,309,490	2,381,376	1.819	434,679	-794,495
85 Scotia	727,706	1,333,092	1.832	304,994	559,771	1.835	422,712	-773,321
7 TD Sec	1,540,111	2,797,753	1.817	1,133,610	2,058,254	1.816	406,501	-739,499
9 BMO Nesbitt	553,840	1,005,910	1.816	147,604	271,308	1.838	406,236	-734,602
74 GMP	2,159,900	3,910,595	1.811	1,935,733	3,503,677	1.81	224,167	-406,918
124 Questrade	118,333	214,715	1.814	20,050	36,395	1.815	98,283	-178,320
33 Canaccord	3,139,517	5,654,294	1.801	3,052,634	5,500,082	1.802	86,883	-154,212
27 Dundee	82,300	149,786	1.82	0			82,300	-149,786
121 Jennings	50,000	91,500	1.83	700	1,260	1.80	49,300	-90,240
95 Wolverton	33,772	61,476	1.82	0			33,772	-61,476
13 Instinet	125,374	229,149	1.828	100,837	183,967	1.824	24,537	-45,182
89 Raymond James	114,001	207,147	1.817	93,404	169,975	1.82	20,597	-37,172
39 Merrill Lynch	87,700	159,843	1.823	68,600	124,337	1.812	19,100	-35,506
88 Credential	13,705	24,741	1.805	1,438	2,717	1.889	12,267	-22,024
59 PI	8,000	14,400	1.80	0			8,000	-14,400
58 Qtrade	28,807	52,380	1.818	21,000	38,790	1.847	7,807	-13,590
28 BBS	5,442	9,916	1.822	0			5,442	-9,916
68 Leede	5,195	9,469	1.823	0			5,195	-9,469
22 Fidelity	3,984	7,313	1.836	0			3,984	-7,313
44 Jones Gable	3,000	5,415	1.805	0			3,000	-5,415
19 Desjardins	31,577	57,270	1.814	28,600	52,398	1.832	2,977	-4,872
70 Manulife	2,000	3,620	1.81	0			2,000	-3,620
3 AltaCorp	129,100	234,644	1.818	127,700	232,012	1.817	1,400	-2,632
143 Pershing	1,000	1,800	1.80	0			1,000	-1,800
25 Odlum	3,000	5,490	1.83	2,500	4,500	1.80	500	-990
102 Lakeshore	54	99	1.833	7	12	1.714	47	-87
56 Edward Jones	0			409	744	1.819	-409	744
8 Maple	0			500	899	1.798	-500	899
57 Interactive	0			750	1,376	1.835	-750	1,376
14 ITG	0			800	1,504	1.88	-800	1,504
83 Mackie	65	117	1.80	1,276	2,322	1.82	-1,211	2,205
36 Latimer	17,955	32,597	1.815	20,500	37,145	1.812	-2,545	4,548
73 Cormark	582,323	1,042,358	1.79	586,746	1,050,319	1.79	-4,423	7,961
76 Industrial Alliance	0			5,000	9,100	1.82	-5,000	9,100
96 Blackwatch	0			8,800	16,016	1.82	-8,800	16,016
90 Barclays	238,200	433,280	1.819	282,900	521,438	1.843	-44,700	88,158
79 CIBC	964,796	1,753,855	1.818	1,027,301	1,860,371	1.811	-62,505	106,516
99 Jitney	197,800	357,828	1.809	260,600	471,898	1.811	-62,800	114,070
62 Haywood	10,064	18,215	1.81	110,000	198,700	1.806	-99,936	180,485
15 UBS	47,000	85,050	1.81	146,965	267,175	1.818	-99,965	182,125
101 Newedge	23,900	43,417	1.817	166,300	301,091	1.811	-142,400	257,674
65 Goldman	6	11	1.833	173,600	313,084	1.803	-173,594	313,073
16 Paradigm	195,000	352,608	1.808	397,500	716,641	1.803	-202,500	364,033
72 Credit Suisse	85,519	154,452	1.806	290,035	530,634	1.83	-204,516	376,182
53 Morgan Stanley	31,896	57,976	1.818	248,400	448,923	1.807	-216,504	390,947
80 National Bank	203,464	369,262	1.815	526,292	946,342	1.798	-322,828	577,080
1 Anonymous	1,985,500	3,592,121	1.809	5,501,900	9,961,024	1.81	-3,516,400	6,368,903
TOTAL	18,105,475	32,777,577	1.81	18,105,475	32,777,577	1.81	0	0