We've got the bears right where we want them The

We've got the bears right where we want them

The market's reaction to today's PR was underwhelming. Twelve months ago if we got this release, the stock would have traded at 10 cents within minutes. What a difference a year makes. The company is clearly in a much better position than it was in December 2011 yet it is trading even below prices from back then. 

After 10 months of near silence of Belize, Treaty is once again publicly stating that they have oil. Yes, I understand that "the only thing" missing is them explictly stating that they are pumping X BPD. However, to go even this far publicly, given the GOB's denial last February, means that the GOB is in agreement.

This might not be enough to get the bulls jumping off of the sideline but this must be disconcerting for the bears. The bears are a bunch of crooks but they are not stupid. They have to see that the writing is on the wall.

Just like in a 12 round boxing match, your opponent can win every single round on the score cards but if you knock him out with 1 second left in the 12th round you still win.

Let's be honest, the bears have dominated the bulls on the charts most of this year. However it absolutely does not matter because they can not win unless Treaty goes completely tits up. Treaty is putting things together in the oil field so I absolutely could care less if the bears are winning on paper with their naked short selling tactics.

In order to put today's statement out about Belize it is once again being made clear that they have oil. This combined with E. Texas, W. Texas, and Louisiana, means that Treaty may lose some more rounds on the score card but will eventually win definitively via knockout.