The swing in the sp associated with the volume reflects that some got out of bed earlier than most and were happy to take a 14% profit and retreat.
With the amount of paper that is out their at cheap entries, profit taking will always be on. One cannot be criticised for taking a profit.
What will happen is the very gradual .1-.2c lifts until it is time for someone else to cash out , wait for the retreat and get back in again.
TSV will be a classical play stock for traders because of its current low pricing and percenatge swings that allow it to be traded with safety.
One thing that should not be forgotten however is, when the next flow rates are released and the instos start to buy, there will be plenty in there for evryone.
After all, the gas is there, it can be extracted economically, there is a ready made market and. the price will increase for the gas over the few years.
QED!
TSV Price at posting:
2.9¢ Sentiment: ST Buy Disclosure: Held
