A couple of thoughts here... 1. Yesterday's acti
Post# of 39368
A couple of thoughts here...
1. Yesterday's activity was about (IMVHO) 25% profit taking, and 75% games. If you look at the trades at about 1:15 yesterday the bid dropped about 36% from .03 to .0221 in 1 minute and 13 seconds on 124K volume, all but one sells. My favorite part of that Is the fact that each successive sell resulted in a significant drop in the bid. How does that work?? I mean if I put in a limit order to sell my shares, doesn't that mean at the best possible price? The only reason that someone would put a limit order in for .0221 when the current bid is at .0300 would be to drive down the price, and that would only work if there were no takers at the higher level right??? If I'm not understanding something here, someone please enlighten me.
Time Price Size Bid Ask
13:15:46 .0300 10000 .0300 .0305
13:16:01 .0290 10000 .0290 .0300
13:16:13 .0280 20000 .0280 .0290
13:16:19 .0264 14300 .0264 .0290
13:16:30 .0230 20000 .0230 .0290
13:16:32 .0230 9033 .0230 .0290
13:16:59 .0221 40500 .0221 .0304
2. It could be me, but why, why, WHY is TECO being so quiet about Belize operations. If the SJ #3 looks similar to SJ #1,2, wouldn't they just close SJ #3 and move on to another spot? Leads me to believe there is something there. I have asked the question about Belize, and was told weeks ago by Sean that TECO was very encouraged by what they had seen to that point. Now there are numerous longs HINTING that there is commercial quantities that will be announced in the next 2-3 weeks. All this is pointing me to actually believe it.
3. I am kind of dreading the coming 10K, 10Q. Many have said that the negatives contained in them are already priced in. Can't say that I agree with that assessment. I mean we are up fairly significantly from the lows, even from when the first announcement of success from the Mitchell wells. The demons lurking in those filings will have the hooligans over on ihub slobbering all over themselves. That could easily spook some of the newbies that just bought in, hence driving the price down again. I know, I know another buying opportunity.
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