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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

Touchstone Exploration Inc > Canada shorts up again.........
View:
Post by Proselenes on Mar 23, 2022 11:48pm

Canada shorts up again.........

Increase of 165K to March 15th. Now over 1.2 million shares shorted in Canada and over 9 million shorted in London. They will have to close soon enough, patience........ :)

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I think shorters will pile on shorts with the Full Year results (as they will show a loss for last year and that will be the headline they promote - ignoring that TXP are in fact cash positive from Q1 2022) and then try to snowball lots of people into panic selling, and then close their shorts.

I plan my next TXP top ups on the morning the final results are released...when the shorts try to trigger the selling, I will be buying.

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Comment by gossamer7 on Mar 24, 2022 12:37am
This post has been removed in accordance with Community Policy
Comment by Spankie on Mar 24, 2022 8:37am
Im thinking the very dramatic drop in share price recently may have shaken a fair amount of the weak handed out already. If this range stays stays more or less stable as it is now. I think the opposit will be true in that covering may occur very soon. Especially if they any sort of good news with the financials. Im averaging down not up at these levels.
Comment by Paray99 on Mar 24, 2022 8:28pm
  problem, not much oil out there.
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