3SOF

In at 1.10, out at 1.16 for a small profit.  I just didn't want to see even a small win slip away. I'll be watching this one if it retests 1.00.

oil is at bottom i think

in at 0.77

On Watch, will enter if price stays above 50sma (daily chart)... I believe oil index will make a rebound by the end of november... IMHO


Tecnicals:
---- Price back above 50sma
---- Bounced off from trendline (weekly chart)
---- Weekly Histogram tracing up

Tengasco Reports Erroneous Third Party Indication of Date of Earnings and Announces Date of Earnings Announcement of November 10, 2006

Up over 5%

Nice call.  I will join you on this one.

Looking for volume to kick in soon.  Energy is probably the best with the market turning downward>

I love this chart set up..even if the 50dma is still pointing slightly downward.   

TGC closed over 13%, I did not get in yet I think its better to wait after the earnings announcement

Quote from: kslifka on November 03, 2006, 01:52:28 PM
I love this chart set up..even if the 50dma is still pointing slightly downward.   

The 50sma crossed below 200sma & 200ema in the beginning of october but now the price is above 50sma for me that is the first sign of reversal

Increasing volume again today.   ;DCome on TGC break that 200sma at 1.06.

Earnings report coming up November 10th.

TGC has bottomed at .63 and is starting to make a move. It looks like a golden cross is about to form. TGC earnings are coming up which should be very very good. TGC has always run up toward earnings so I expect a .10 gain in 2-3 week period. If oil keeps going up the way it is TGC will lock in huge profits. Keep it on the radar.

TGC recently has cleaned up the balance sheet and now owns 100% working interest in there wells which they didn't have before. Last quarter oil was 20% cheaper so that should show up nicely as well this quarter. Also last quarter TGC took a beating because of the poor quarter. There were severe storms that knocked out power to some wells for a couple of months. Now that the weather has been nice this should be a record quarter for TGC.

Earnings are November 7th but the company has until the 14th to file.  TGC hasn't moved while oil continues to climb.  Management is constantly increasing output every quarter.  TGC has recently double bottomed and now is trading above the 200 day moving average and it looks like a golden cross is in the near future.  A couple of years ago TGC was $2.00 when oil was $70.00.  This stock can't be a sleeper forever.  I think the street will finally give the recognition it deserves on this earnings report.  With oil this high we could see a 3 bagger depending on forward guidance.

Oil is +77% from January's weekly closing lows in the $53 range.

TGC is +0% over the same time period.

This earnings report will be huge! Buy hand over fist before its to late.

TGC is holding above the 200 day moving average and should continue to move up into earnings. Good earnings will solidify that golden cross. I'm looking for a triple.

Has anybody bought this or going to? Is anybody reading this? Earnings are supposed to be tomorrow but they have until the 14th to file. I have a feeling its going to be a blow out. Notice the volume picking up.

I'm guessing they will be very close to earning $0.02 this quarter. If not this quarter then next for sure. Lets say the EPS for '08 is $0.08. With a PE ratio of 20, which is very conservative, thats a stock price of $1.60. Again this is a conservative estimate because I'm assuiming no growth and a historically low PE ratio.