Bit unlike me but sold at between 50-51 on news when noted couldn't penetrate beyond 20ma. Wanted to see if retested 200ma (which it did) but because of wider market conditions I didn't buy back in. Very pleased to see that 40p held (a definite pivot point) and I will be buying and holding again.This is one my favourite picks and I'm intrigued to see how things play out re Put, Fenix etc. Being fully funded for '13 is a big tick for me.
hadnt realised there'd been a FARC attack nearby (an inFARCtion?? poor joke!). based on what you say, it's possible that this had a perfect storm of heightened unease of investors due to farc, the global sell off, and falling into a dense area of stops (that whole number 40, unfortunately positioned 10% down off its price in the morning). A poster on the blvn board suggested there were significant margin calls at IG due to IOF plunging - this affected a wide range of stocks. In any case nobody was buying today so these plunges can go far. if it is around 40 tomorrow i might take a long position. Medium-term no problem here in my opinion. good luck all
Agreed, but I suspect AMER devotees are bothered by Putamayo incident, as it is closer to the Platanillo field. FARC 48th division(sic) operates down there. However, the FARC organisation as a whole is in open discussion with government and will have to do better reining in their cadres. Am satisfied after reviewing all available information.
Sector-wide drop on aim o&g today, some worse than others, will probably go back up over the next couple of days. This stood out on my watchlist as taking a particularly big hit, but i reckon this is nothing to do with the company.
A bad day for AMER but it seems to have recovered slightly to 40.13p. Whether another 5% can be clawed back tomorrow remains to be seen. I must have another look at the Putamayo-12 prospects/geology, and Fenix to a lesser extent. [baron83 - Are you only viewing this short-term or waiting on Put-12 2D and 3D in H2 ? Could be fair weather ahead although I never pay much attention to broker targets. It's more about margins and cash in the bank.]
Severe pullback to this level was unexpected; hard to tell the exact causes. Being relatively used to political turmoil it doesn't faze me. Have added a few more to the account and shall study Colombian politics tonight. As far as I can see turmoil is confined to the Santander department in the north, adjacent to Venezuela. Well, its proximity is likely to remain a festering sore as the population there leans to Chavez-style communism. I expect closing price to be near 40p, if not above.
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