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Lansdowne Oil Share Chat (LOGP)



Share Price: 10.875Bid: 10.75Ask: 11.00Change: -0.25 (-2.25%)Faller - Lansdowne Oil
Spread: 0.25Spread as %: 2.33%Open: 11.125High: 11.125Low: 10.875Yesterday’s Close: 11.125


Share Discussion for Lansdowne Oil (LOGP)


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ultrapunch
Posts: 4,194
Observation
Opinion:No Opinion
Price:49.50
Oilbuy
12 Mar '13
I noticed the following post on the LOGP advfn bb.

"ohisay
12 Mar'13 - 11:03 - 7564 of 7567 0 0

The ultimate contrarian indicator .

http://www.barchart.com/opinions/stocks/LOGP.LS

I remember buying Pennon at 600p when all the indicators were red.
Often a good way to pick up decent stocks out of favour,"

I agree with this advfn poster. If barchart give LOGPas a 100% SELL in the short term, medium term and long term, then it must be a STONKING BUY!! lol.
 
ultrapunch
Posts: 4,194
Answer
Opinion:No Opinion
Price:49.75
Oilbuy
12 Mar '13
The LOGP sp is just drifting awaiting news. Unfortunately, unlike lots of penny shares, LOGP doesn't have a big following amongst PI's so it's not rising in anticipation of that news.
Oilbuy
Posts: 2,279
Off Topic
Opinion:No Opinion
Price:49.75
ULTRA
12 Mar '13
ultrapunch
Posts: 4,194
Observation
Opinion:No Opinion
Price:49.75
geoffieboy
11 Mar '13
lander wont post his charts that show LOGP is "not going anywhere positive without news,its drifting negatively". but I suspect that this linear LOGP chart is one of his charts. It shows an uptrend going back to the start of 2011. However the spike up in early 2012 fell short of testing the resistance of the upper trend line before peaking and falling back to test the lower uptrend line as support at circa 30p in the summer of 2012. Now it's not impossible that the LOGP sp does a similar thing this March and fails to fall back to test the lower uptrend line as support NOT LEAST because these trend lines only exist because of the 30p low of the summer of 2012 and the following high of circa 65p a few weeks later.

http://uk.advfn.com/p.php?pid=chartscreenshot&u=ZBqxyoQP58J2BKSYg3wMlebQbNCEndYHvzReRilahiI=

This might be another of his charts which shows LOGP in a shorter term downtrend. If this downtrend continues then LOGP could end up below 40p. However trends such as these don't last forever. News this month could easily change the direction of the LOGP sp. Unless PVR put back the Barryroe CPR we are assured of news this month and I expect this downtrend to be reversed. I'm tending to go against the majority of the LOGP charts, such as ichimoku. Only time will tell whether I have made the right decision or not.

http://uk.advfn.com/p.php?pid=chartscreenshot&u=NtVtaoi5NjzuMIJOFXvF72YPhVpaJAJgqihWASLW5LY=
geoffieboy
Posts: 1,270
Off Topic
Opinion:No Opinion
Price:49.75
Ultra
11 Mar '13
Interesting charts, another perspective. I'm still holding. Sliced 5 per cent last summer. I hope your charts and possible further retraces don't happen. Looked at LRL a while back, can't remember why I didn't buy, will have another look. But holding here for next news flow. Good luck
ultrapunch
Posts: 4,194
Observation
Opinion:No Opinion
Price:49.75
Trend lines
11 Mar '13
Unfortunately trend lines are often broken. Take this LOGP linear chart. You can see that the LOGP sp dropped below the trend line shown on the chart in early summer 2012 and then rose to re-test that trend line as resistance before falling back to circa 30p. That didn't stop the LOGP sp from then more than doubling in less than a month!!

http://uk.advfn.com/p.php?pid=chartscreenshot&u=kl+dYXlEc7weH1qt5XDlds4EHblD2ARtoBbIJ37eLpg=

Charts are a guide only. They can often lead you to make the incorrect investment decision.
ultrapunch
Posts: 4,194
Observation
Opinion:No Opinion
Price:49.75
geoffieboy
11 Mar '13
I'm going to post some PVR charts seeing that they have 80% of Barryroe and will be issuing the CPR. Also some LOGP charts showing a different perspective to the ones I've been posting.

This linear chart of PVR shows that the PVR sp is still above a trend line going back to early 2012.

http://uk.advfn.com/p.php?pid=chartscreenshot&u=MY+mk8xpZGpfE3emIjaUGek/Bb+d9mD4q8EJH9ehGp4=

However the PVR log chart shows a 15 month trend line broken down and acting as resistance to the PVR sp

http://uk.advfn.com/p.php?pid=chartscreenshot&u=tm27uq/1PO4e+GsH1bjRwsv68mpFQMjuzhGdoQdE2xs=

This LOGP linear chart shows that the LOGP could still have further to fall based on a trend line going back 20 months.

http://uk.advfn.com/p.php?pid=chartscreenshot&u=m7cRVixmlzARLtJsGoatPoRC8oNTxoaBJqvfCDo+KV0=

Unfortunately this LOGP log chart shows that the sp has already broken down below the trend line going back over 2 years.

http://uk.advfn.com/p.php?pid=chartscreenshot&u=RCw3DZKn7Jayif5hBhMbsgdU6CnuU1kirIoP1F8ksC8=

I must admit that I haven't as many LOGP shares as I did some months ago. I have reduced my exposure to LOGP by half. My largest holding now is LRL. All my charts look very positive for LRL as do the fundamentals.

I'm continuing to hold LOGP, but might reduce further still, perhaps down to zero if the 50 and 100 day EMA's drop below the 200 day EMA.

Unlike lander I don't moan and gripe about LOGP. No one forced me to buy the shares. If my opinion changes I will sell. End of story. No sour grapes from me. Please note lander
geoffieboy
Posts: 1,270
Off Topic
Opinion:No Opinion
Price:49.75
news
11 Mar '13
previous sp movements wont necessarily be repeated but given sp movements in days before previous rns', and provided it is good news! when it comes im sure we will be back at 60p plus in no time. also remember ii's bought in not so long ago at 55p and im certain they will have seen a lot of info before they committed at that price
geoffieboy
Posts: 1,270
Off Topic
Opinion:No Opinion
Price:49.75
lander/ultra
11 Mar '13
im in general agreement with both of you. yes last few months has been disappointing but there is surely a lot of info due which could come in chunks or as 1 big rns. my problem is i dont want to be out and miss it. im now resigned to holding pending news updates.
ultrapunch
Posts: 4,194
Answer
Opinion:No Opinion
Price:49.75
lander
11 Mar '13
Well lets see your charts then!! I've posted mine and also posted a contrary view to mine from ichimokutrader.com

Of course the LOGP sp is news driven. You would have to be a complete fool to believe otherwise. However I would hope for some kind of rise in anticipation/speculation of good news coming soon. Good (or possibly bad news) could come at any time. Today is the 11th. PVR has said the Barryroe CPR will be issued before the 31st March. Perhaps the CPR is delayed. If not then it will be issued sometime during the next 3 weeks. City traders often get wind of when an RNS is about to be released so I would expect an increase in volume a day or 2 before the RNS is released.

VOLUME is the most important indicator, IMO, lander and LOGP has been drifting down/sideways on very low volume. Lets reserve judgement on whether my opinion is right or wrong until when the volume significantly increases.



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