Bears ask sitting 3.1 cents The bears have their

Bears ask sitting 3.1 cents

The bears have their hands full at the moment trying to prevent a breakout ahead of the financials. In yesterday's parable I mentioned that they might stop one leak from coming out of the ground, but that does nothing to make the pressure subside. At this point it is almost like one of those Bugs Bunny cartoons where they are trying to stuff a leak with both hands, both feet, and their stomach, and so the leak starts to come out of their ears.

There is no way they will be able to stop the momentum once it gets going, so they would rather try stop the snowball from rolling down the hill as opposed to trying to catch it later. The problem is two fold. First they are only able to stuff the very short term indicators, and can't do anything about the longer term patterns like the MACD uptrend or the higher low pattern. The second and much bigger problem is that they can't do a damn thing to stop Treaty from succeeding in the oil field.

I suspect that management is playing their cards close to the vest and they will put the cards on the table when the Q comes out. McComas for example has oil but they didn't post the TRRC number yet. It is smarter to save everything up and just release the data after financials. The people who are going to move this stock north are not the people on iHub, Yahoo, or even this board.

The people who are going to move this stock are the institutional players who regularly lock up millions of dollars in oil plays for 5 to 10 years. You and I are just along for the ride. This past year and a half of being naked short sold by 3rd tier hedge funds managing less than 10 million bucks will soon be a fading memory.

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