RE:RE:Trading in the same zone for months, not new, not a panicThe problem is we have a contract now, we also have an earnings report that was quite good... but, the price contrinues to drift around this zone. This seems to indicate that the higher prices had already baked in some levels of performance that had not been reached. Given the slow speed that we are operating at there I would not be optimistic about a bunch of new contracts at any time before the New Year. I personally suspect we won't see a substantive torch contract until March (just an opinion based on this falls performance).
patrickp wrote: MidtownGuy wrote: Geez people. There's nothing startling about today's price or any price the last several weeks. It's a waiting game on big contract news, with holding pattern trading, and anyone that says otherwise is just yanking your chain.
All the trading is happening in the zone between $3.50 and $4.00.
Not sure if this link will be accepted by SH, but here's the daily chart since mid September.
https://cdn-ceo-ca.s3.amazonaws.com/1fsl9vf-daily-pyr.jpg
yes we know, but as time goes on and no contracts are signed, the support will be broken. guess we will see monday but december will be a killer for sure (positive or negative )