OTCPK:TLSMF - Post by User
Comment by
dinkdestroyeron Jun 17, 2014 4:45pm
228 Views
Post# 22668447
RE:Succesive "up" movement days hard to come by
RE:Succesive "up" movement days hard to come byIt's rather hard to understand why anyone would be driven to sell this at this price, but a lot of people like to buy when there is some technical breakout. So far we are still within the range of this years trading. I am sure you know a lot of the trading volume intraday is Algos which is just noise. We need to trade above $11(U.S.) to have a breakout of this range. The 200 day moving average is presently $11.06, we get above that and it might change things for the better. It is somewhat strange this stock has not responded better to the higher oil and gas prices. The fundamental problem is there is no momentun in the stock that would draw in the hot money. Stock market volume is low, the money is going to stocks that are moving. Eventually we may get there, but it does try one's patience at times. What the company is going to look like after the asset disposals is still an open question, that could keep people sidelined a bit longer. Many don't mind paying a higher price if it means they have a better confidence level about the outlook.