Human nature in action, I'm afraid. If there was genuine bad news on the way I'd expect to see more sustained selling and not anything like the amount of recharging of the buy side as there is going on in this case. I reckon it's just an attempt to bluff the market and they've either run out of courage, or ammo, or both.
Hopefully at this point TTE go into a trading halt while they put together an announcement to the effect that the rig at Allen Dome has just been blown out of the ground by the gusher at Allen Dome. Then watch the bluffers try to buy back at vastly higher prices once the TH is lifted. Wouldn't that serve them right for trying to goose the ordinary punters out of their hard earned.
Oh well, dreams are free... ;-)
GEV Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
