Pause day on very light volume It was nice to get

Pause day on very light volume

It was nice to get that opening 3 cent print but of course the bears were quick to stuff any momentum. Just before the close they showed about 800,000 shares on ask at 2.5 then 2.49 cents. They are just playing defense as we wait for a few bigger buyers to come in. It takes a few days for funds to clear so it's looking like my call for 5 cents this week is off the table and we have to look to next week.

If the pattern doesn't play out next week then I just have to switch back into neutral until a new pattern forms. The longer term pattern remains the same though, for the last 1 1/2 years 2 cents have been the dead lows of the chart and we already in that vicinity so it can't get much worse. In my book means that it's long overdue for a move back up.

It's good to see the company make progress though. If we can get several more 18-25 bpd off of McComas that would give Treaty several million dollars a year just off of that lease.

[IMG]http://i.imgur.com/claXa.png[/IMG]