GREY:TBTEF - Post by User
Comment by
PUNJABIon Dec 01, 2014 11:57am
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Post# 23181071
RE:LTS vs. TBE
RE:LTS vs. TBE
There are some other factors. It had bigger hits in the past. It has a smaller float & getting smaller because of buy back. The buyback continues & will be buying additional 19 m shares. This alone is going to but some support to the share price.
LTS float is 200 m & dropping it is now less than 198m TBE has 350m shares & increasing by a million shares a month.
The stock is now at the stage of consolidation while TBE is a declining trend stock with the sector & creating new lows. LTS showed some signs of reversal that failed as the stock made a run from $2.28 to To 3.93 in matter of few weeks. Because of oil further drop it has pulled back. LTS created new low a few weeks back.
More sellers in case of LTS have been exhausted most of forced selling has taken place. . There are some that are still stuck in TBE.
Large sellers of LTS can get out by arranging a sale with LTS broker without destroying the share price. One sale of million shares took at $2.82.
LTS is a much better trading stock with a tight float.