Mar. 25 at 6:35 PM
$TLOFF I think it's mostly #1. I was out for the past hour and have come back to us having traded 100,000 in that hour when we only had traded 45,000 up to that point.
I'm noticing several mining stocks are behaving in similar fashions. The bids are coming in, but they are still value shopping; hesitation. Wanting to buy in, but afraid a tweet or headline at any minute could derail momentum.
My take is "cautiously optimistic". They've put the money on the table, but still have their fingers on it.