GREY:TBTEF - Post by User
Comment by
PUNJABIon Apr 20, 2015 11:45am
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Post# 23646448
RE:RE:RE:RE:RE:BROKE .72-.73 RESISTANCE
RE:RE:RE:RE:RE:BROKE .72-.73 RESISTANCEActually there is a iceberg bid at $.80 by Peters. I do not notice any iceberg offer. There is a wall at $.83 which is a result of large offer by Peters. Is it an iceberg ask at that price no one knows because the stock did not trade at that price yet. Only the broker posting the order would know at this time.
Bizarre thing is that Peters has iceberg bids of 25000 shares at @ $.80 & then there is a sell order of 175000 shares at $.83. The question is are these orders from Peters from the same account ? If they are then he has capped the stock to accumilate. If they are different owners then they are on the opposite side.
Few speculators were pushing the stock higher till Peters posted the offer of 175000 shares at $.83
$.83 is 50 sma. Most oil stocks are over bought as RSI has spiked. TBE is one of the few oil stocks which is lagging the oil stock & is not yet in the overbought area.
Overbought oil stocks are holding on to their recent gains as the oil inches higher.
It is all about crude oil prices.