TTEG continues slow motion recovery off recent lows.
This is not a steroid stock, but a buy and hold.
The stock is still (last trade .50) below the 50DMA of .57 and way off the 200DMA of 1.08. Of just under 13 million shares, only about a million are free trading.
Assembly of the new 540 horsepower prototype of it's innovative heavy transport engine begins soon, now that the parts have been cast and machined. News about that was released last week. More news, about finance as well IMO, should be out shortly after the turn of the year.
The engine can burn and mix any petro or bio fuel 30% more effficiently. Nothing else out there comes close to it's potential as the most versatile and environmental sensible load mover of the future.
It's not unheard of to expect this stock to recover to levels well over a buck seen earlier this year. Expect the real volume and momentum to begin early next month, as soon as next week. Does that mean now could be the time to buy? Do your own DD. See turbinetruckengines.com for starters.
Good luck.
