RE:RE:RE:RE:I will be buying 10,000/ day until this hits 5 Hey Piper:
Yes I did the financial on CRS however as a rule of thumb I don't play with penny stocks. Usually anything less than 5.00/share I don't touch.
My main holdings right now are SU, NRP, ATH,TET, Dow indexes and Cash.
My main reason for jumping in with TET is due to the high ownership, fast recognition by management of a low price environment (Dec 2014) and massive cost cut + dividend.
Management owns 49% and Clayton Ridall puts his money where his mouth is. (Very experienced guy), also the banks are starting to put stakes in this company in the 10,000,000 share range.
From my observations noticed that clients of Goldman Sachs seem to be the ones offloading shares with CIBC world markets a strong net buyer.
Also, notice how lower volume is moving this down, usually this is a bullish signal of a reversal, but in this environment you never can tell.
I started loading up recently and by Nov 2015 will probably have about 250,000-350,000 shares.at an average of around (3.7-4.4).
I am not advocating to buy tet, rather do your own due diligence. However, as a tip from an old fart. trade on news.
The biggest news I am waiting for is:
i) Operating expense cutbacks. Currently 10.00$/Barrel and sliding
ii) Progress on the normal course issuer bid to buy back 6% of the company.
Untill than I will moderalty increase my position to the 250-350k share range.
No one knows where this stock is going, however if you think Bankuptcy is even a remote possibility I suggest buying bonds or preferred shares other than that dont play in the market.
Read more at https://www.stockhouse.com/companies/bullboard/t.tet/trilogy-energy-corp#w7wM37oZPPltcCth.99