A chart cannot predict fundamentals or future price direction, it can only tell you the probability of future price and therefor provide you with an edge.
you, me or anyone else can predict future price for sure because its not possible to do that. However, a chart can show you the current market sentiment and it is a graphical representation of current bias In my opinion it is the most accurate source of current as to what market sentiment is bar none.
How you interpret it is a skill in itself, I'm not suggesting its the Holy Grail but nothing is in trading / investing, what I am saying is that price is currently falling and the key to charting is to identify when the bulls are coming in and try and capitalise on that.
I prefer charting because I have some control over what I am doing, I have no control over a board meeting decision, takeover bid or if a drill might strike oil as GKP did a few years back, that's just pure luck.
Price action trading will show when these things happen because it will show buyers coming in, yes it might be 30% up the move and you might only get the middle 30% but at least its a logic based approach.
GRF..I'm sure that's true if you don't ask any questions that question why we week on week are worth less...of course that wouldn't apply to Kevin himself as he is taking his 25k a week..KH cares about himself and only himself
I have e mailed KH direct and bowleven many times , no reply or no comment . KH does,nt give a fig about PI,s , he talks to PI,s every 6 months , yearly ,to try to keep us on board . WHY because no II are investing and those that have are selling and better still shorting without question!!!!!!!!!!!! If bomono is commercial then do we go through the same draw out process as etinde and wells 5,6 kenya etc Not a lot left after 9 years of KH , RH [ what does he do for the money ?] BOMONO ? and 20% of ETINDE . money slowly draining away . If i could get 70 to 80% of my investment back i would be long gone, very sad to say that after three and a half years plus , NOT ONE drop of oil or gas just jam tomorrow and money spent . KEEP UP THE GOOD WORK KH and BOD you've earn every penny of those large wage packets about time you had more free shares . mind you is it worth it at these prices
Ted, Send Kevin an email with your concerns..I am sure it will be ignored along with everyone else's emails.......If I am in Europe when the next shareholder meeting is I will most certainly attend and let Kevin know my thoughts...I may even bring a rotten cabbage to throw at him ;-)
23.75 no one,s buying , still selling? $ 165 mill - $ 145 [ in the bank] = $ 20mill spent . $ 9 to petrofac , $ 11 mill spent in 3 months [ large BOD and 65 staff ] . we no longer run the ETINDE project ? so is that $ 44 mill a year we are spending ? ETINDE : - when are we drilling , no GSA or FID till when 2016 Q1 , 2 ,3 when ? BOMONO :- 6 months delay , are we paying for the rig in cash or as agreed 20 % of the project . what about the penalties for the delay ? update RNS not very clear as too what the result was and long how after the drills do we get progress . So BOMONO is a unknown, Etinde yet to be drilled so no GSA , FID . Cash in the bank but for how long , not counted in the SP. these all combine to make 23.75 . nothing to do with KH and the BOD its not there fault there not responsible LOL
you are the opposite of me......fundamentally this company is sound. and imo charts don't take into account huge changes in SP sensitive information so until somebody explains to me how a chart can predict a takeover i'll ignore the charts
From a charting aspect, there is no reason to be holding or buying here. The trend is clearly down on Weekly, monthly and daily charts. In addition, they are all trading below the 50MA (not a good sign).
Price needs to break back above 25.10 and hold there before I would go anywhere near this. Fundamentally, I know nothing about this company but chart wise it's a definite no for me at the moment.
Money in the bank is no use in this climate apart from keeping the BOD in a good lifestyle. Its profits that are needed for investors to reap rewards and you won't see any profits for many years. Touched 22p today.
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