I know he isn't too popular with some but he has never done me any harm and can sometimes be good having someone who takes the pessimistic view and makes us think - certainly on some of the other shares around on AIM that is for sure! Elroy is someone who i rate very highly and have done for a long time.
Junior Oils Trust looking at value in the smaller oil stocks
By Jeremy Naylor November 25 2013, 3:38pm Angelos Damaskos, Fund Adviser to the Junior Oils Trust says there is tremendous value among small cap oil and gas stocks. He says that value 'will win through'. Geographically, he says, East and West Africa remain very attractive and investors should also look to South America as the source for opportunity.
There have been far too many false TA dawns here, that's for sure...
I'm in this longer term too. Whereas a lot of people seem to have been expecting a short-term bounce, its the weekly chart that's most promising. It finished last week on a Doji, hopefully signalling the end of the downtrend.
I see Alexios has been taking flak here today, but it was actually him that posted Elroy Trader's weekly chart showing a likely 9/13 count completion this week.
Must admit i don't really follow the charts closely on this one as tend not to trade it in the very short term anyway! There certainly seems to be plenty of buyers about sub-40p for now anyway and hopefully that will continue.
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