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Traverse Energy Ltd V.TVL


Primary Symbol: TVETF

Traverse Energy Ltd is a Canada-based company. The Company is engaged in oil and gas exploration, development and production activities. It conducts its operations in the province of Alberta. The Company’s assets are located in the Carbon, Turin and Greater Coyote areas of Alberta as well as in the Duvernay land base located in the Buffalo Lake, Chigwell and Pigeon Lake areas of Alberta. The Greater Coyote area includes properties in the Chain Lakes, Coyote, Hanna, Michichi, and Watts areas of Alberta.


GREY:TVETF - Post by User

Bullboard Posts
Post by SammyBoyon May 19, 1999 5:49pm
227 Views
Post# 854734

tvl repeating the same pattern

tvl repeating the same pattern3 Mondays ago, TVL halted and closed at 1.85.( The Friday before that it was at 0.94 cents) Then the stock closed at a lower price on Tuesday, then at lower one on Wednesday, and even lower on Thursday($1.64). And for each day, up until that Thursday, the volume went down. The next day, Friday, the volume went up and the price went up, and the stock closed at a $1.78 on that Friday. The following week, on Monday, the closing price went up to $2.43, with an increase in volume. Since that Monday, the stock went down in price and volume each day, hitting a low volume on Thursday, closing at $2.20. The next day, Friday, the volume goes up, the price hits $2.80. Then, the same story again this week!. Monday it was at $2.72, Tuesday: $2.70, Today: $2.45 (lowest volume of the week so far). So if the stock follows the same pattern for the third time, then I expect a drop in price tomorrow followed by a BIG BOOST on Friday, and on Friday the stock will close at an even higher price than that shown by the last two weeks. Therefore, tomorrow the price will go down, it will be a tremendous oppurtunity to buy, and Friday the stock will open up at a new high. I would like to get some feedback on this please. to
Bullboard Posts