A touch below 4 cents The volume for this week wa

A touch below 4 cents

The volume for this week was 6.39 million shares. It was once again a light volume snooze fest bidwhacking week. The bears take advantage of all light volume slow news periods to bleed the stock down via their naked shorting while sending their minions to explicitly bash the stock, write misleading statements, and spread negative rumors.

The bears have achieved their first close below 4 cents since the price fell back in June on the severely delayed 10K and 10 Q. Since then we have confirmed reports of oil production in East Texas. If you are to believe the price in a vacuum, you think that the company is worth just as much as it was when the 10 K and 10 Q were late and there was absolutely no knowledge of Shelby.

That my friends is ridiculous, considering the multiple videos shot on location, the run tickets, and the PR's that all show that there is confirmed oil production which will make the 3rd quarter the highest revenue quarter on record.

Teco has only closed below 4 cents once since the April 2011 rally, and that was in June when the Q's and K's were late, and there was no public knowledge of oil production. The following month it tagged 7 cents.

When volume starts to return next week this should start the move back up and stabilize TECO back at around a nickel by the end of the month. I have no doubt in my mind, based on my conversation with investor relations, the chart analysis, and what I have read in all of their material, that they will produce a cashflow positive 3rd quarter and revenue that is probably greater than all prior revenue to date.