I'm not playing TECO as a swing trade mostly becau
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I'm not playing TECO as a swing trade mostly because I am looking for the next big January type move. My swing and day trading is reserved for the big boards which have more liquidity.
If you want to sell 5 or 6 cents those would be decent areas to take profits, but I think that once the move gets started it's not going to be a slow grind like it is to the downside but rather an eruption to the upside like in January or April of 2011.
I had a lot of fun dealing with the bashers the last 2 weeks. I can tell that they are pushing as hard as possible to break the 4 cent level. It is evident in the intraday selling activity and it is reflected in the coordinated bashing. I really hate everything about iHub but it's such a popular platform that we have to defend the stock with unapologetic rhetorical force and the brute strength of fact and analysis.
I think that the short sellers that the bashers are working for are once again over extending themselves to the downside like they did last year and earlier this year, and it will be a disaster once they oil gets flowing.
I have many friends from college here in Houston that now work in the many fields of oil and gas from engineering to investment banking, and they all tell me the same thing, this stuff takes a while to execute no matter if you are a start up or a major.