Simple chart to read as long as your not stupid, this is my fourth round tat will see 1.6 in a couple of days
Quarterly report due
In its latest quarter, profit grew 200%. In the last three quarters, profit growth has averaged %. In its latest quarter, sales grew 71% to $32.04 million.
http://research.investors.com/stocknews/earnings-report-focus/amex-transatlantic-petroleum-tat.aspx
Revenue tripled last year
Period Ending: Trend 12/31/2010 $85,563
http://www.nasdaq.com/symbol/tat/financials
Chart is similar to leading up to last earnings report/conf call. Share price more than doubled in two weeks leading up to report/call and then retreated per usual, into the cycle we are in now leading up to this next report/call. Per charts I follow there is definitely consolidation/squeeze taking place at these levels, lots of energy bldg up in the share price/stock - with earnings two weeks away, hopefully Viking sale will be confirmed, plus other good news and guidance, is it possible we see another double from these prices? Hope so.
All the best,
JMK
Consensus Recommendation Next Earnings (approx.) Company Fiscal Year
End Month Last Updated
Outperform 0.01 December 4 Mar 2012
Analyst Recommendations and Revisions
1-5 Linear Scale Current 1 Month
Ago 2 Month
Ago 3 Month
Ago
(1) BUY 1 1 1 1
(2) OUTPERFORM 3 3 3 3
http://www.reuters.com/finance/stocks/analyst?symbol=TAT.A
It`s about time someone helped out these uneducated chart readers.
i might have to lend them a book how to read charts.
And yes the cup and handle was formed I`m still looks for a 25 % jump from the 1.31 area. Good luck to all who are educated.
lol who cares about the retards, i even shorted from 1.6 twice now :) only chartist survive long term, check out URRE as well similar set up glty
right again as always