Maybe a backtest of 2c will now be as low as it goes now...
Hesitant to take new buy & hold positions on beta stocks atm, with the market rallying into the big bad fiscal cliff deadline and what's sure to be a sell-the-fact move, once a resolution is finally secured.
Still, the less 708 stock that comes off during this rally, the harder it should run leading into drilling. Certainly, from a selfish perspective, i'm hoping we get consolidation now :)
TNP Price at posting:
2.3¢ Sentiment: None Disclosure: Not Held