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Bullboard - Stock Discussion Forum Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state exploration and production licenses with the... see more

TSX:TXP - Post Discussion

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Post by Kadiddelhopper on Dec 22, 2020 2:36pm

Perplexed

Can Someone explain why despite all the terrific News and great prospects, the Shares appear to be under a mounted suppression with no lift-off possible  despite being warranted?


 I sold earlier on at a higher price, and now having a difficult time re-building my position... why would the current Sellers be willing to Sell-off at these even lower prices and risk the difficulty I am encountering?


 ...Perhaps a stupod question, but maybe someone will be willing to take it on?

 Merry , Merry.
  R
Comment by Goaweigh on Dec 22, 2020 3:16pm
I'm confused. You sold at a higher price with the intension of buying it back at a lower price and now that the price is lower and there's plenty of stock available to buy you're wondering why the stock is lower and you're having a problem finding stock to buy to rebuild your position. ??? So what price would make you happy and how much stock are you trying to buy, 10,000,000 ...more  
Comment by Kadiddelhopper on Dec 22, 2020 3:36pm
Thx Goa for your reply with perspective. The crux of my question really hinges on exactly why the Sellers are choosing to unload at these suppressed prices. It worries me somewhat and that is why I have hesitated to recycle my Profits in re-acquiring my position even at these lower prices!   Having stated that, I see now in the last hour that a lift seems to be hesitantly under-way, but ...more  
Comment by smxmcx2 on Dec 22, 2020 6:54pm
Why you devote that many words to an idiotic post like that perplexes me. I don't see that post. Are you replying to somebody that does not exist? :)
Comment by Kadiddelhopper on Dec 22, 2020 9:14pm
I am sorry to have been a bother with my idiotic post..To all my apologies.
Comment by Margin321 on Dec 22, 2020 10:54pm
Story always seems more posiive when share price is increasing,  and  worries always surface when share price is under pressure. That is human nature.  But short term the share price does not always trade in sync with the story.  I actually do not think we are misinterpreting the story. I don't think we are missing anything. So if you sold at a higher price, and can ...more  
Comment by Chreca1 on Dec 22, 2020 11:26pm
The company is undervalued here as I see things, but the great run-up in SP during this year has obviously made more than a few investors incl Shaw obliged to take some profits off the table no matter how bright the future looks like to them. That and I would think if any retail investor new to this story takes a look at the chart he/she may be a bit hesitant by how far up this has moved over the ...more  
Comment by Chreca1 on Dec 22, 2020 11:37pm
Maybe I should add by undervalued I mean, the upcoming/future exploration is completely disregarded in the present valuation and provides pure upside and a very great one too needless to say. It's also worth remind us that the already succesful exploration wells have to some degree derisked the future 21 prospects, how much is anyones guess but they are derisked no doubt as the geological ...more  
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