is probably at work
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Let's go TECO. Been long for over 2 years.
Just jumped in long, let's see a nice uptrend
Yes looking forward to analyzing today's trades after the bell.
I threw $100 at it with no luck. Order is still open at .0102 if anyone cares to venture down there again. Not about to chase the ask with such a small wad of cash though.
Pretty sure the market forgot about the below update from a week or two ago, as well as Belize:
"Treaty's 12 well shallow drilling program is on schedule to begin the week of December 3rd with the first two permitted wells. Drilling and completion is projected to take 7-10 days from the Spuding of the first well. Once completed, we will begin the process of permitting the remaining 10 well in this project."
Show me a downtrend lasting more than 5 months that hasn't been countered by an equally substantial uptrend, and I won't have to make this stuff up. Like a bull rearing it's back legs, the 200 DMA has had a 34% gain from this time last year. Like a educated investor, I can't even make this stuff up about an uptrend.
For every post "next week" has been stated, one can also find a post claiming the stock was down for the count when the post was proven wrong the next week LOL.
Fiction is stranger than truth, and I'm not fictional enough to short this stock. Like a bull on a bear diet!
I would love to trade options on TECO. Many are already thinking gains will be over 100%; imagine the related options trading gains on calls at that point!
Unfortunately that still doesn't address the fact that they are SEC fully-reporting not OTC Pink. They are OTC QB.
Anyone can go to the SEC EDGAR system and look at any of Treaty's financials and cross-reference them with Treaty's past PRs. It would be unwise for a company to continue to make false promises if they were fully reporting.
I can't make this logic up.
Ah yes:
1) Raise the A/S
2) Raise the O/S and dilute
3) Put out a sexy PR
4) Return to step 2 until maxed
5) Reverse split
6) Return to step 1
Problem is Treaty isn't a trip zero stock. And they're not a pinky. If they chose the dilution approach to filling their pockets, they wouldn't have chosen oil as their product - medical devices and alt energy sources are more profitable.
Gotcha.
Well I don't know what the timeline is for the R/S, but pumps only take a few days tops.
Wait until cyclone101 or another pumper puts out a pick on ATYG. They love illiquid stocks and if anyone didn't sell today, hope that a P&D happens before the R/S.
Only reason I was in ATYG was for a bounce and a bottomed-out stock like this is a P&D paradise once the 60-day sell orders cancel.
Is Knight still without power though?
This does have the potential for a P&D now. I don't support them, but if the volume comes in, my shares will sell.
That's because all the bids turned into ask. Could have had another bottom play off of this had they not released news of an R/S. I'll need a lot of luck to get a 50% gain after the R/S LOL. On to the next stock, unless anyone would like my shares @ 0.0002 for 0.0003.
At the very least he wouldn't be wearing a Saints ring lol. Interesting to see that a TECO follower has connections with Shell though.
Multiple "friends" work at Shell Oil.
A "Steve Young" replied to one of the posts on TECO's page. Profile pic is the SB ring for the Saints though... I'm confused...
Now that is some interesting trivia right there. Looks like he's been following TECO on FB since Jan.
Hmm... interesting. Perhaps a few here may have accidentally assumed TECO was the next GARB. Unfortunately TECO isn't a pinkie like GARB is. It's SEC fully-reporting folks, with a 10-Q out within the next 20-some-odd days!
Oh snap.
My point exactly; if today the MACD crossed under the signal line, then today would be the beginning of a technical bearish trend according to the indicator. But I never saw your post stating we were in an uptrend while the MACD was above the line for the past week lol. You said the price was heading down with selling, even though your trustworthy indicator registered the period as a bullish trend.
Either your logic about the current trend is wrong, or we really can't accept the MACD as a good indicator for TECO. Both can't be right unfortunately.
That something good is the 10-Q IMO ;)
Unless the oil that they've already pumped the past three months was put back in the ground, they had to sell it. They're kind of forced to bring in revenue lol...
Let's get these financials out and be done with this nonsense. GO TECO
Interesting, some obsvervations:
1. Where was your post about a strong bullish signal over the past 10-12 days? Did I miss it, and can you provide me with a link?
2. MACD hasn't crossed below the 9 EMA signal on my chart (http://www.freestockcharts.com/, add the OTC exchanges and view TECO)
3. I apologize for confusing your arguments regarding TECO in the past. I didn't realize you were just trading it and thought you were concerned with fundamentals over the long term.
Thanks for the input though Junk, always appreciated!
Folks should check out the new Facebook videos of East Texas
Spot on - PRs are a waste of money at this stage in TECO's development. I believe they are ready to arm themselves with financial filings instead.
Nice! Looks like our boy Bruce is expecting some news or at least getting ready for a PPS rise in my opinion; because 250k shares is hardly a dump when accumulation over the past few days is well over that.
GO TECO
U. S. District Court
Eastern District of Louisiana
Notice of Electronic Filing
The following transaction was entered by Kramer, Andrew on 10/3/2012 at 11:40 AM CDT and filed on 10/3/2012
Case Name: Treaty Energy Corporation et al
Case Number: 2:12-cv-02428
Filer: Treaty Energy Corporation
Document Number: 1
Docket Text:
COMPLAINT with jury demand against Jeffrey D. Boler (Filing fee $ 350 receipt number 053L-3679422) filed by Treaty Energy Corporation. (Attachments: # (1) Civil Cover Sheet)(Kramer, Andrew)
Certainly could be either but the decision to cover or go long is a wise one IMO
Look at that bid @ .0330. Nice, patient accumulation, moving their price around as necessary to collect falling shares.
Also ironic that there is a large bid at .032, and when that bid is taken out the same MM will put another large bid in slightly lower. Shares falling into baskets, wish my leaves were that easy to collect.
How interesting that retail faith disappears at 11 and then comes back each day ;)
Excellent post. Most of us in long positions are not looking for a quick trade and as such should know more about the company than just its symbol at this point. Really do appreciate information such as this.
Considering that entity has repeatedly intended to sell more-or-less the same number of stocks, I believe they are just getting ready yet again in case news is well-received by the market.
Given the below potential catalysts, I think the sale is in anticipation of a healthy rise in share price, not a planned dump by insiders:
- Financials will be out between Oct 1 and Nov 15 and it's expected that the 10Q will show a very healthy growth in revenue assuming the sale tickets shown on Facebook are just a sample of daily operations. They almost have to be better than past quarters' numbers due to the oil sold in TX.
- Belize is moving closer to the pumping and sale of oil (inferred by the presence of the Drake units). Even if Treaty pumped water as suspected by "some" on this board it would still be something to sell lol.
I just straight up LOL'ed on myself
Been away from the board for a little while but I agree, future 10Qs are where my interests lie.
Advisors always say start saving early - they really should say buy TECO lol