Teton Petroleum (TTPT) -- Russian Oil Message Board

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Gold/Mining/Energy : Teton Petroleum (TTPT) -- Russian Oil

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To: Sleepman who wrote (45)	10/17/2002 7:52:10 PM
From: Ed Ajootian	Read Replies (1) of 115

Dan, I don't think you will need to wait much longer before getting back to breakeven on this stock. This one is really getting exciting. I heard the rumor of 2 upcoming research reports/buy recs, and these are perfectly timed to soak up all the profit taking that will be going on in the next few weeks as the stock gets back up over the $.40 mark. I believe the stock will consolidate here around the $.40 for at least a few days, since there are 6 million warrants out at this price and folks that own those warrants may start to sell their stock now that their warrants are getting to be in the money. Folks should keep in mind that there really is not that much float for this stock. Not a single share issued in the $4.4 million financing is part of the float (the stock is not registered). A lot of the previously issued stock is under lock & key, much of it north of the border. So it should not be a big surprise that the stock is making such a substantial move on this new buying. I don't believe much if any of this buying is the directors themselves. I believe they had to wait a few days before buying once the press release came out, in order to let slobs like you & me in on the festivities first. It will be interesting to see how high the directors are willing to go up the ladder to chase this turkey. Did you hear the rumor of the guy in London that's calling around looking to fill a million share buy order? Good luck to him, man. None of the big shareholders will even give hime the time of day. Given the upcoming hype and the vote of confidence by the directors, coupled with the company's intent to continue with its drilling program next quarter, I'm raising this one to a "Strong Buy" at this time. It was not that long ago (August to be exact) that this scribe was pretty down on this company, and lowered it to a "Hold" based on a disappointing quarterly report. I'm so glad I didn't sell, even though it was so tempting to do so. It goes to show you need a lot of patience in this game. (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)

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