Let me play "devils advocate". Did ECCE have credibility issues of announcing projected BPD and failed to deliver but still moved up? I am hoping the answer is "yes". I believe in your technicals back up to .05 and possibly up to .07 but what will happen after another month or two depends on TECO's credibility IMO and that will only change with BPD? I think the next month or two will depend on the news the market receives which could change historical patterns drastically for the good or the bad. The fundamentals really need to change IMO in order to hold and improve these patterns. Not just the quarterly filing data but the fundamental way that TECO handles the OTCBB market and the credibility issues. IMO TECO doesn't have many more chances to become a consistent producer. Some say that has changed but not according to the statement in the 10Q that I posted in my last post. If I called Reid then can he tell me that TECO currently produces XXX BPD or is that considered insider trading? Volume precedes price and price precedes company fundamentals and only what the market can DD. Will TECO fail to deliver the predicted Wooldridge 100 BPD again as mentioned in the 10Q? IMO they can't miss on this one! There are so many unknowns in the E&P sector that I can't phathom how they have the balls to keep making these predicitions after so many false starts. Since I am long on TECO and looking out years and others have shares in their IRA's so I'm not alone; many longs aren't always trading it. We know insiders are long with many shares and haven't sold much of their positions if any. We know the boards have many longs with admitted family and friends involved as well. Then there are the lurkers who must be longs, etc so I assume many shareholders of record. TECO really needs to produce for long term support and if not well then there lies the risk. That is the risk that I have come to except many times during my 2.5 years as a shareholder. On the other hand I'm so tired the their false starts and BS estimations so I ask myself; how many out their just like me? How much longer does Treaty have to produce before shareholders become too tired. How many times do we move up just to retrace between .028-.07 range just to go back to .03's. The only benefits to these fundamental learning curves that TECO has allowed to happen is the opportunity to average down. All the while trying to maintain the hope and confidence that they are managing the company differently from lessons learnedl. The current technicals have these TECO lessons learned built into them and the lessons learned aren't improved upon then future charts will reflect that as well and reverse the trend. The charts basically indicate human emotion over time. My bet is that human emotion starts to sway towards pessimism if they don't start "shutting up, putting up and then speaking". Announcing estimated 100 BOPD from Wooldridge was a huge mistake IMO at this point in time.
Let me play "devils advocate". Did ECCE have credibility
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