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Lansdowne Oil Share Chat (LOGP)



Share Price: 8.125Bid: 8.00Ask: 8.25Change: 0.25 (+3.17%)Riser - Lansdowne Oil
Spread: 0.25Spread as %: 3.13%Open: 7.875High: 8.125Low: 7.875Yesterday’s Close: 7.875


Share Discussion for Lansdowne Oil (LOGP)


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ultrapunch
Posts: 4,194
Observation
Opinion:No Opinion
Price:61.75
CHARTS for RICH
11 Oct '12
Here's the chart showing the original longer term EW cycle that failed. The arrows indicate the start and completion of each Wave.

http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=08j19bbGGBHJemHpI1xv2i4iWQzmYVNTlMOii+jupns=&symbol=FT%5EUKX

Here's the chart showing my revised longer term EW cycle. The arrows indicate the start and completion of the Waves. IMO we started the 3rd Wave at the start of July. We are currently in this 3rd Wave.

http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=FtcDK7npQH32VMj7rbXqaheF8aO9OuE0SKThyPBPbVU%3D&symbol=FT%5EUKX

The following chart shows we are also in the 3rd Wave of a shorter time scale EW cycle. The arrows indicate the start and completion of each wave.

http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=atuv++RINVYjN++FBszaHcAFSHKeiR5JISI3+Yvc7h4=&symbol=FT%5EUKX

On this shorter time scale EW cycle my intraday sp target for the 3rd Wave is (70p - 30p) x 1.6 + 55p = 119p

I find it tedious continually posting charts, RICH. I've got fed up with posting them. I just can't be bothered. In fact I can't be bothered posting at all. I've cut right back on my posting recently. I'll probably completely give up posting. You only end up arguing with someone like Fidelis on the MTA bb. It's just not worth the hassle. Best I keep my opinions to myself in future. And my charts!!!!
 
RICH3R
Posts: 7,561
Off Topic
Opinion:No Opinion
Price:61.75
ultra
11 Oct '12
a picture / 1000 words ---- i honestly would like to see your long term EWT on a chart thanks mate :D

sorry if i was short but just want to get to the bottom of charting here !
RICH3R
Posts: 7,561
Off Topic
Opinion:No Opinion
Price:61.75
ultra
11 Oct '12
maybe im not much good at anything on these bb, but i CAN argue my point and stand my ground.

I have ALWAYS credited you with my charting education.

I dont want to argue, but im ripe for it atm.

quits ..................i say
ultrapunch
Posts: 4,194
Answer
Opinion:No Opinion
Price:61.75
RICH
11 Oct '12
"To shoot me down - you HAVE to post a chart demonstrating your predictions."

With all due respect, mate, I don't have to do any such thing!! I explained my analysis in plain English!! That's good enough for me. I don't agree with your analysis and proffered my own. With all due respect, until I mentioned EWT to you recently, you didn't seem to have much knowledge of it.

I'm not getting into an argument over it, RICH. In fact I'm sorry I mentioned it now. I'll keep my opinions to myself in future!!
RICH3R
Posts: 7,561
Off Topic
Opinion:No Opinion
Price:61.75
ultra
11 Oct '12
and I am talking a detailed chart over the time-frame you evidence your EWT :D
RICH3R
Posts: 7,561
Answer
Opinion:No Opinion
Price:61.75
ultra
11 Oct '12
im basing my EWT on very short term - as has happened at MAGP recently.

To shoot me down - you HAVE to post a chart demonstrating your predictions.

Please do so :D
ultrapunch
Posts: 4,194
Observation
Opinion:No Opinion
Price:61.75
RICH
11 Oct '12
Sorry mate I completely disagree with your EWT analysis.

On a longer time scale (you can have complete EW cycles lasting just a day or for years) the 1st Wave peaked in early 2011 at 53p intraday. The 3rd Wave peaked at 75p intraday in early 2012. The 4th Wave dropped back into the territory of the 1st Wave when it fell back to 30p in the summer and hence that particular EW cycle was finished!! Stone dead!!

Consequently we start a new EW cycle. The 1st Wave of this cycle now peaked at 75p intraday in early 2012 having STARTED from the same 5p low as the previous 1st Wave mentioned above and the 2nd Wave bottomed at 30p in the summer and hence we are currently in the 3rd Wave.

By my calculations it's possible that the 3rd Wave will peak at circa 140-150p intraday. I worked that out by mulitiplying the height of the 1st Wave (75p - 5p) by 1.6 and then adding that to the low of the 2nd Wave (30p) to get 112p + 30p = 142p.

Of course this EW cycle might also fail like the previous one, but I'm confident that this time it will complete and my 3rd Wave target sp is a realistic one.

I'm confident that the LOGP sp, with the expected newsflow, will more than double the current 61.75p in the near term.
RICH3R
Posts: 7,561
Observation
Opinion:No Opinion
Price:61.75
chart
11 Oct '12
my own take on the LOGP chart - its previous Elliott Wave Theory spike (EWT) in June & July, and the current situation.

The EWT is intact and we entered the 3rd Wave today imo.

Will we rise from here? Let's see......

http://uk.advfn.com/p.php?pid=chartscreenshot&u=wItHqJt2ylqd/nZWrFwUmK6McSTv9hQs/5B1ij4UmrA=
stocktrade
Posts: 4,192
Off Topic
Opinion:No Opinion
Price:61.75
meant o say
11 Oct '12
the deal wouldnt be as good sixth line in my previous post
stocktrade
Posts: 4,192
Off Topic
Opinion:No Opinion
Price:61.75
Rich re: tpet
11 Oct '12
Theyhave a different approach to fast, they do all the technical work/3d seismics e.t.c and make sure there is value then bring a farm in partner so the risks are lower for the farm in partner which means tpet can work out a better deal, where as fast have had a farm in partner right from the start, names kosmos they had to do all the 3sdseimics and technical work so the risks for komos were greater hence the deal would be as good. both have advantages and disadvantages but i prefer tpet. sorry posters for taking about other stocks. now i really must get to the gym gl again





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