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LOGP Share Chat - RSS Feed

Lansdowne Oil Share Chat (LOGP)



Share Price: 6.375Bid: 6.25Ask: 6.50Change: 0.00 (0.00%)No Movement on Lansdowne Oil
Spread: 0.25Spread as %: 4.00%Open: 6.375High: 6.375Low: 6.375Yesterday’s Close: 6.375


Share Discussion for Lansdowne Oil (LOGP)


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ultrapunch
Posts: 4,194
Answer
Opinion:No Opinion
Price:62.00
Blowster
9 Oct '12
At the end of June/early July the LOGP sp doubled from around 30p to 60p in 7 days. There were 7, fairly equally sized, consecutive white candlesticks. Then there was some consolidation before the sp started to rise again.

Remember more than 7 consecutive white candlesticks is almost unheard of. It's very rare you get 8 consecutive white candlesticks. Usually it's less than 7 before you get a pause. With a share where there is still strong buyer demand the pause will be brief and any pullback will be small.
 
ultrapunch
Posts: 4,194
Off Topic
Opinion:No Opinion
Price:62.00
NFL
9 Oct '12
There is no time limit. How long the sp stays within those tight BB's is entirely dependent on newsflow and speculation. I've seen them tight for just a few days before the breakout. Other times the sp can drift for months in tight BB's if nothing is happening either in the public domain, or behind the scenes.

All those tight BB's mean is that the buyers and sellers are evenly balanced because basically nothing is happening, in the public domain, with the share!! Usually the volume whilst the sp is "trapped" in those BB's is low. A pretty good sign that a breakout is about to occur is when the volume starts to increase and the RSI starts to increase. That's often a sign that speculative (or sometimes informed) buyers are returning and they expect good news soon.
NewForestLad
Posts: 1,405
Off Topic
Opinion:No Opinion
Price:61.25
Ultrapunch
9 Oct '12
thanks for that. I have noticed that most often its between 2.5 to 3 months before the bb ping the share. Does that sound right? I will keep an eye on Rmp for us and keep us posted if anything changes.
Blowster do you have an opinion?
Blowster
Posts: 14,345
Premium Chat Member
Observation
Opinion:No Opinion
Price:61.75
Ultrapunch
9 Oct '12
The key for me here now is that LOGP hold above the bollinger bands for the next few days which will be a very bullish signal... Might not get a sharp move until news but can see an upward trend beginning which could see 5-10% gains daily for a period of time. ATB
ultrapunch
Posts: 4,194
Answer
Opinion:No Opinion
Price:61.75
NFL
9 Oct '12
Yes, the RMP BB's are very tight. That doesn't mean they are going to breakout soon. The sp could stay in those tight BB's for some time if no news is imminent.

Of course the RMP sp could breakout downwards rather than up on news or speculation. I don't know much about RMP.

On reflection and seeing they have a significant amount of cash remaining, I'd say that it's more than likely RMP will dramatically breakout upwards out of those tight BB's one day, but when?
ultrapunch
Posts: 4,194
Answer
Opinion:No Opinion
Price:62.00
BalBocht
9 Oct '12
"Looks good but why? The fundamentals haven't changed - so what has? Any more info on the farm out? There has to be a catalyst - usually a leak"

The sp is rising, dear boy, on speculation that news is imminent. Buyers are speculating it's good news, hence the buying, hence the rise!! Whether there has been a leak, or not, who knows? I'd be very surprised if somebody doesn't know what's happening behind the scenes even if LOGP and PVR don't leak. So many other players are involved in the recovery factor calculations for Barryroe and the farm out negotiations for LOGP's 3 fields.

PS. At the moment the LOGP is above the upper Bollinger Band.
NewForestLad
Posts: 1,405
Observation
Opinion:No Opinion
Price:62.00
looking good
9 Oct '12
Here. Please could oilybuy, blowster or ultrapunch please check out Rmp bb. They look better every day, just would like another opinion.
momochi
Posts: 1,893
Off Topic
Opinion:No Opinion
Price:61.75
BalBocht
9 Oct '12
this is a chartist's rise, not always about news although can be driven by anticipated up and coming positive news.
momochi
Posts: 1,893
Off Topic
Opinion:No Opinion
Price:62.25
top
9 Oct '12
up
Oilbuy
Posts: 2,470
Observation
Opinion:No Opinion
Price:63.00
LOGP
9 Oct '12
Topped up this morning ,trying to breakout of thoses tight bollinger bands !





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