Good morning Jonesie! Well, it looks like Friday's PR fell on deaf "Big Gun" ears again and today its back to same ole same ole at TIV with no volume/no buying interest/shorts workin it down. I sure thought for awhile Friday's "legless runner", or should I say "legless crawler", was sprouting some legs and was going to slide by (hop over?) a couple resistant barriers and keep on going, but I guess the Big Guns wanted more from the PR (like maybe increased oil flows?) before they jump in, assuming they are even waiting on the sidelines anymore.
I also thought we would get some added buying interest this morning, from at least some small "traders", after all that publicity we got over the weekend from various news wires, but it appears it is going to take something much significant to get us out of the sub $8 doldrums (rut?).
I think this time around I'll follow your lead and buy a few K's in the low $7's or $6's and sell in the $8 plus range on the next PR "pop". Might as well make some added money on TIV while we're waiting on that elusive "whoppin PR" (or was Friday's it?) we have been hearing will be "coming soon" for at least 6 months. LOL
Geo