I ignored the horrible LOGP chart and topped up with a further 10k today (2 x 5k shared with my son). Wish me luck lander!! I must have fantastic foresight or be truly mad!! LOL. Fingers crossed it's the former, but knowing my luck it will be the latter!!
lander. Charts DON'T drive AIM shares. News does. I never said I had a charting strategy on LOGP. I'm just waiting for news on the Barryroe CPR and the 3 farm outs. Since the Barryroe CPR is being issued by PVR I'm confident it will be issued on time (before end of March 2013!). When the 3 farm outs will be completed is anyones guess. Probably sometime this year. I'm hoping that the CPR and farm outs will be perceived as bullish by the Market, but who knows?
You are getting confused about me and the LOGP charts. I've ignored plenty of chart signals telling me to sell LOGP completely including when it dropped below my key chart support level of 55p. I've ignored my charts and carried on holding LOGP though only half the number of shares I originally held. I haven't ignored my charts completely!!!! However I have recently posted charts showing the 50 day, 100 day and 200 day EMA's. I'm pinning my hopes (and it's no more than that!!) on the current juxtaposition of the 50 day, 100 day and 200 day EMA's being an indicator to a big rise in the sp short term as they were back in 2011 and 2012. Basically I believe LOGP is undervalued (but so are a number of AIM oilers) and I'm prepared to hold for the good news I expect.
LOGP could rise rapidly on good news (the CPR and/or 3 farm outs). However I don't know how far the LOGP sp will drift lower on continuing lack of news in the meantime.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.