Two bid slams early then nothing 1.92 million sha

Two bid slams early then nothing

1.92 million shares is the most traded in a week, but still very light volume. The bears slammed bids on two pre lunch time attacks and then backed off most of the day until ask slapping took it back to .043 to which the responded with another volley of bid whacks.

The games continue as expected while TECO continues to pump oil. At the end of the day, that is all that matters unless you paid for your shares with rent money. I halfway expect Treaty to release some kind of update tomorrow and for some kind of surge to take us back to 4.5 cents just based on how they have been operating recently. If they don't do it, it's not a big deal.

With the end of the month upon us, and another light volume week on slate for next week, most of us were already prepared to see this kind of tape. In any event 4 cents should hold no matter what they throw at the stock through next Friday.

Oil will continue to flow, they will continue to sell it and print the run tickets, and that will give guidance to the market for the impending 3rd quarter report. We should see a run up going into the report no matter what the bears do, and then finally a nice pop when it is officially submitted to the SEC.

Rinse and repeat for the Q4 10 Q and the 2012 10K which should be out in Q1 of 2013. That is the base case scenario for putting an end to the bears.