Re: TRE breaking out
in response to
by
posted on
Mar 18, 2011 09:57PM
Edit this title from the Fast Facts Section
Treis either undervalued or simply does not have the value right now.
Today TRE got crushed with a sell order of 400,000 shares at the close. Look out Monday. If 6 does not hold we are headed to 5 and it will take until September to reach 5. The reverse head and shoulder formation was doing great until this closing order came iin and blew it to pieces.
If 6 does not hold then it is off to 5 and if the shorts have unlimited supply it is back to 2. As I said TRE has been in a slump for 5 years and this latest circus confirms it. Good thing I loaded up on options to protect the downside.
I just think TRE the company is not ready yet and simply needs 12-36 more months before ripening. Just the facts. Gil