"unfortunately i invested here before the independent news debacle"
Nothing has stopped you selling LOGP since then. You say you bought at 53p. There have been a number of opportunities over the last 6 months or so where you could have sold your LOGP shares at 53p or over.
I think you are telling porkies lander. I think you rate LOGP as a potentially good investment which is why you continue to hold and that all your griping is caused by just so much frustration with the slowness of progress, which unfortunately is part and parcel of investing in AIM olilers. Unfortunately it takes a lot of time to secure farm out deals. You just can't seem to accept that fact.
your 13th march post stating the sp will be significantly higher the end of march is close ,one week to go,tick tock and if if it ges up 5% that doesnt count lol ,unfortunately i invested here before the independent news debacle
Seeing that PVR are linked with LOGP, via Barryroe, it is instructive to look at the PVR chart. You can see that the PVR sp is, like LOGP, in a 2 year uptrend. Again, like with LOGP, the lower uptrend line is currently providing support to the PVR sp.
PS lander. Tell me this if you think "anything connected with oreilly turns to shix" why did you buy LOGP shares in the first place? If you really believe that about O'Reilly then you must admit that investing in LOGP was rather illogical. You are either a masochist or stark raving bonkers! What is it lander?
This chart shows a longer term uptrend going back around 2 years. The sp is currently marginally above the lower uptrend line which could provide support.
The chart also shows a shorter term downtrend going back around 6 months.
It's crunch time for the LOGP sp. Does the longer term uptrend continue or does the shorter term downtrend continue? The 64 thousand dollar question!! Usually the longer term trend wins, but not always. Probably the results of the Barryroe CPR, expected next week will decide which trend wins. My money is on the longer term trend.
I topped up today, but I had to ignore my charts to do so!!!! An act of faith on my part and belief in the LOGP fundamentals. Hope I'm right!!
ichimokutrader.com have had LOGP as a Strong Bear ever since the 4th February when the sp was 51.25p. I usually take a lot of notice of the Ichimoku chart, but I have ignored it in the case of LOGP.
I must admit the continuing fall in the LOGP appears mystifying, bearing in mind their low Mkt Cap (£65m) compared to their "juicy" assets. One would have thought 20% of Barryroe and 3 licences awaiting farm outs would have commanded a higher Mkt Cap, especially bearing in mind the Barryroe CPR is expected from PVR next week.
Volume, however, has been very low recently. Today it was only circa 0.3% of the total shares in issue, but it doesn't need a large volume of sells to move the LOGP sp down because of the small percentage of the shares in "free float". Over 75% of the 140.50m total shares in issue are held by major shareholders with over 3% and Directors. Add in likely other long term instutional shareholders with less than 3% plus long term PI's and I estimate that the "free float" must be much less than 20%. Hence a small number of PI's selling to convert some of paper profits into cash and de-risking ahead of the Barryroe CPR and some other PI's selling because they are probably bored witless by the lack of news and movement of the LOGP sp and are looking to invest in something more dynamic and exciting are having a bigger than normal negative effect on the sp in the absence of big buyers, who are presumably awaiting the Barryroe CPR before buying.
It's this very small "free float" that is making me ignore the charts. This attitude would have worked back in 2011 and 2012 when again all the chart signals were firmly negative before the LOGP sp took of in dramatic fashion on good news being issued. Hopefully the same will happen in 2013. Hopefully next week!!
Might get a top up sub 40p the way the sp is going down!! LOL.
The LOGP chart is bad. ichimokutrader.com have it as a Strong Bear. They have had LOGP as a Strong Bear since the 4th February at 51.25p. I should have followed their advice instead of ignoring it.
You are wasting your time keep posting tick tock. I just don't take much notice of other posters comments. I make up my own mind, right or wrong!! Anyway a few pence here and there wont make much difference when the LOGP sp is north of 75p. When will that be? No idea, but I'm hopeful that the PVR Barryroe, which is hopefully due next week, will see the LOGP sp rising again and the re-rating of LOGP begin.
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