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Triangle Petroleum Corporation (TPLM) Message Board

  • oilkingsupreme oilkingsupreme Oct 26, 2012 3:44 PM Flag

    Dead Cat Bounce

    This is quite clearly a dead cat bounce. Triangle will slowly drift toward $5 over the next few weeks. The pattern with this stock is quite clear. Look at a 2 year chart and you can see several dead cat bounces prior to the large descent back to the $5 and sub $5 area. I for one, will not start nibbling until this gets to around $5.30. With the possibly dilution equivalent to that of the market cap and some, plus the pending expiration of Triangle's order to clean up it's Canadian property, this has too many negatives to get into at this price. I am also scared what of what sort of legal proceedings that the Canadian province may take toward Triangle in the event the property is not cleaned up by the Nov 30th deadline which Triangle clearly stated they cannot accomplish by then.

    Sentiment: Strong Sell

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TPLM
11.92-0.11(-0.91%)Aug 27 4:02 PMEDT

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