TriOil Resources Ltd TRIAF

New Issue - Buyer's Remorse

[larsen6]

I think that some of the buyers of the $2.55 issue had remorse.  They dumped their shares down to $2.40 or so to get rid of them.

 

So now we sit near to $2.70, with less selling getting in the way now.  This is what I see.

 

Eagerly awaiting their Q3 results.

 

L6

[DrillingHere]

When TOL issued 10MM shares at $3.55 in the Spring, the stock cratered to $1.40 or so. I backed the truck up and loaded to the rails. When they did the latest issue at $2.55 - less than NAV - I sold. I fully expect to buy back in at much lower prices. Time will tell. My broker says I'll make money again on this stock.

[larsen6]

The macro situation will dictate if it goes lower.   I see steady buying with support at $2.60.  TOL tried to hold $2.70 today, but could not do it.   Still in on this one.   L6