Technics Oil & Gas

Nice action now!

This stock looks like it will close today at 84 cents, up 0.5 cents. It is a resilient stock, well controlled by the management as it holds a big chunk. The recent 3-c dividend , yet to be paid out, so those who are in the stock are still doing fine. Cos 84 + 3 = 87 cents. Not like some stocks, even blue chips, which have fallen 30% or more

The chairman and Exec Director have been buying large amounts of the stock to top up their holding which had been pared down during TDR vendor sale. So the millions they collected are being used to buy back shares that have fallen, ie buy cheaper. They are so lucky!

Stock price has been range bound for quite a while at between 83 and 85 cents. Wonder if the insiders have any large quantities of ammo left, otherwise this stock will go adrift. 

this stock capital gain and dividend very good. In one year, 80ct stock now 95ct. dividend yield 8%. subsidiary IPO next year more dividend to come.

This is kind of stock that moves whenever there is positive macro-economic news. Why: 1. Punters looking to trade on the news will go for fundamentally strong stocks 2. Its small market cap of only about $200m makes stock price volatile enough to punt. The stock has gone up from 94 cents to 97 cents in the past week since QE3 was announced.