I was originally in (long ago) at apx 70 pps. Sold rebought and higherf average (should have could have just held but that pps was before "housing" crisis).... it IS a highly volatile stock often (due to lack of liquidity relative to larger cap stocks) easily churned up and down by larger players then you or I.
Realize (look at long term charts) that for TNH this is "normal"... stomach churning but that's they way this one is. (if you trade in and out - tax forms a mess)
I don't know why the thumbs down to a reasonable reply - they have an exceptional low float - if you watch it on a ticker (where you can see the trades) it can move ten pips on 200 volume! Low float always means high volatility. As mentioned prior been in TNH for many years - very volatile and if you think the "news" is the reason - then do some research as to who owns the "news"... Dow Jones, Dow Jones publications and it gets worse -
TNH's cost is mainly from natural gas. when natural gas goes up, TNH goes down. Today, natural gas goes down, it should go up. In the long term, natural gas should go down because of plenty supply in the U.S. that is why I bought it.