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TransGlobe Energy Corporation Message Board

  • friedrich_telecom friedrich_telecom Jan 27, 2011 10:47 AM Flag

    No regrets for selling TGA yet......down another 3 full percent!!!

    Egypt troubles are mounting and TGA facilities are surely impacted by the repercussions....Egypt is NOT going to calm down quickly. I worked in that country and it is always close to a revolution. Mosni Mubarek spends a fortune on internal security (now there is a business that is thriving....) I was worried about TGA when Tunisia blew up and I am sure it does not create a huge buy interest in TGA with that new problem (besides dropping oil prices and a glut of Canadian oil that is backing up in the Southbound pipes right now...

    I think TGA is a great little company with great management but I am glad I am on the sidelines for now. I shall be lurking and maybe will jump back in but not before $12.50, the next support level.....nothing pushing this stock up right now and plenty reasons to drift simply lower, especially with these lousy volumes we have been seeing....

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    • totally agree with you. sold out a big position in December after the stock topped out and started the fall. thought i had made a mistake. nope.

      now watching to re-enter when it reversed to the upside on volume, but when that is going to be, i have no idea. it's a lot of falling knives right now, done that too many times and know better.

      Need to study the charts and get an idea of where the targets are. H&S says near ~10.50, Fibbs say ~12.50

      black swans, joy.....

      • 1 Reply to pizzgums
      • I would have agreed with the 12.50 number about a week ago before Egypt blew up but now I see no support until about $10.00. Definetely would stay away as this has tons of downward momentum. Would not be surprised if we would hear that there are "problems" with the $15/share deal done recently.....There is no way that in the fine print they are not protected against sudden, unforeseen material changes....That investment company is NOT going to be the bagholder forced to buy in at a 25% premium, hell that will never happen....

    • Unbelieveable!!! From the time I started to write my comment to now it dropped another 3%, down 6% and sinking like a rock....Gee, all of a sudden my losses feel a lot better.....

 
TGA
6.91-0.03(-0.43%)Jul 11 4:00 PMEDT

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