Hello crazy, I had put you on my ignore list but today I thought I'd bring you back. I see you are sarcastic as ever. Just the way you are I think.
I remember you wanted to make 100k. If you had acted on your negativity and gone short, you would be there by now. Never mind, you still might be able to do it now if you go long.
But funny how you neither go long or short.
Enjoy your entertainment.
Back to TLS. Nice close today. It is seeing some support. Didn't touch $3.08 today. Could be some money rotation going on. Banking inquiry revealing who has been swimming without any bathers. How the banks were being pumped up and TLS deflated past few years. Now, the air coming out of the banks and into defensives like TLS and WOW. Possible.
Weekly volume has been falling off on the red sell weeks. Monthly volume also easing. Means price has been falling but on lower volumes. That is a good thing.
The fund managers just doing nothing and letting the mums and dads give up and sell. A game of endurance, gradually causing the weak to capitulate. Soon they will start buying at bargain prices.
Also interesting to note is that we opened the month of April at $3.12 and today we closed at $3.11. There are 2 more trading days left in this month. lets see if we close above where we opened and get a green monthly candle for the first time since December and January.
If TLS closes higher than $3.12 in the next 2 trading days, that is a good thing. Next month may be good.
Penn would have significant pressure on him now to do something about the share price. If he were to use the 31c-22c=9c savings on dividends to announce an on market buy back, it will cause 10% surge on a day and more. The combination of having that 9c power now to use and the market already having adjusted for the huge cut in dividend and marked TLS down from $4.20 to $3.10, this share price is a coiled spring and can easily go back above $3.50, then $3.80. As the cut in dividend was not caused by a drop in profit, it is a TLS asset and TLS potential, an ace in TLS's hands. It can be taken from there and put there. Cut it and make the market fall, then use it to buy the shares back cheaper. I think you are hearing me.
TLS is going to be fine. I am bullish. Load up that truck crazy. Back up that truck, beep, beep, beep.
Go TLS.
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