Looking at THK sells depth, it's telling me someone is accummulating the stock again. Just like what I've seen when they suppress the price in the low 20's until THK come out with a very bullish presentation.
Look at the 3 separate sell offers of 260,000 shares each at 33c, 33.5c, and 34c. They look a bit sus to me. THK is too cheap at this level and if you have not read their recent presentation then check it out.
With oil price now over $86 a barrel and gas price jumps nearly 7% in the US should keep THK strong.
Gas for November delivery rose 47.1 cents, or 6.8 percent, to settle at $7.445 per million British thermal units at 3:32 p.m. on the New York Mercantile Exchange. It was the highest since June 19, when gas settled at $7.519 per million Btu. Prices are 16 percent higher than a year ago.
THK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
