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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: chowder who wrote (26941)11/7/2003 9:30:33 AM
From: Ed Ajootian  Read Replies (2) of 206302
 
dabum, TMR -- Thanks, its interesting that the chart shows resistance right around where the preferred conversion price is. If nothing else the TMR specialist is gonna make some serious coin over the next few weeks. I bet we will see several days in a row of massive volume after the earnings report, with trading in the price range you quoted.

Then as they put out more drilling results over the coming months the resistance should be breached, assuming the news is good and the weather is cooperating.

Eventually the supply of TMR shares that are available for shorting will dry up, at which point the preferred shareholders that are looking to lock in profits will have no choice other than to convert and sell the underlying common.

So the take-away here is that he TA guys should be keeping this on the radar screen I guess.
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