The monthly trend is your friend If you look at t

The monthly trend is your friend

If you look at the monthly chart for TECO below, you can see the bottom formation process in motion long before we had the green bar in May. The red bars got skinnier and skinnier after December but never closed below that month's low. This tells us that the lows have been put in, and for good reason. The stock is now reacting to the positive developments in the field. Admittedly, this is just one well, and the data is coming to us through social media rather than the wide broadcast PR with official TRRC numbers.

However, think about it folks, a handful of investors have arrested the decline and lifted the stock up slightly off of the dead lows. Imagine what will happen when we get the TRRC blessed figures from Mitchell 3 and 4 broadcast via press release, let alone are followed up with anything good out of Belize or heck another good well from across the street in Texas?

For now I am focused on what I saw for myself in Tuscola, and that alone should be worth at least a move to 4 cents once it is made official. Anyone who thinks differently really needs to book a trip down there and see it firsthand, especially if they are a basher. But at 50 cents a post, I doubt they could even afford cab fare to the airport.

[IMG]http://i.imgur.com/BldG418.png[/IMG]