It's an investment not a trade
I've been spending a lot of my time recently focusing on trading the big boards as there has been a lot of activity intraday. Trading multiple stocks that follow the normal flow of trading uninhibited by a cartel of flagrant stock manipulators, for the most part, is a true sanity check.
Just because a bunch of scumbags flunkee 3rd rate hedge funds and offshore traders with the help of some crooked market makers are able to counterfeit shares of Treaty and dump them into bid and ask, doesn't mean that the company is fairly valued at about a 22 mm market cap. I bet Treaty could fetch twice that just for a quarter of it's leases in Belize.
Just remember, that this is an investment and not a trade. A trade is an exploitation of price movement toward or from a prevailing trend. An investment is the purchase of a share of ownership in a company that entitles you to a share of future revenue. Yes the value will fluctuate because people will "trade" the shares based on expectations of future revenue, but if this is truly an investment for you then the time horizon has to be commensurate with that of the underlying asset. Oil wells and gas wells are valued on a 5-10 year life span and hence holding period should be looked at in those terms.
Unless we get one hell of an announcement before 4pm tomorrow, the pattern I called out for a move to a nickel is off the table. However, if you remember the other part of the prediction was that 2 cents will hold. The bears are trying there best to take out the lows, but buyers continue to step up to the plate.
I have no other pattern on the table for a big rally until late January at the earliest, but wearing my investment hat instead of my trading hat, I'm looking for the multi year move to dollar land and not just quick pops for nickels and dimes.
