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It is only 10am
Oil up by a dollar already, you could be right but I have my doubts. GLA
Is my guess at some point this week I reckon
The planned and in-progress destruction of the Dollar will have the bigger impact imo ... Well the long term upper trend line here is pretty much defined by the plummeting MA200 - currently at 89p - it needs to beat that properly to really mark the beginning of the turnaround ... Interestingly, it closed above that for the first time since January 2011 at 91.9p on 28th April when it was forced down again the next day, with a gap to boot just like in January 2011, by the RNS the company released ... Looks like heavy manipulation to me and you can make your own mind up what the timing of those peaks/gap downs aligning with company releases portends .......
Gas producing assets in the world interesting times at this market cap, a bid I the near term looks highly likely to me.
ProfBanker I hope you are well? I was indeed it nearly cost me my sanity and marriage but like you I have learnt a great deal. I was always extremely trusting but it has taught me to only look after me and my family. It destroyed me for the best part of a year but it made me realise what was truly important family, close friends and enjoying life. What happened in ami was just a blatant fraud which we should hopefully get some justice on the next 2-4 years. I started dabbling again with around 5k and have grown it to around 26k the last two years. Hope you have bounced back very wise words with your previous post wait for the tend to reverse. That is the only aspect I do not fully adhere to add often average down to the low point but now set tight stop losses. Double my Moni on Genl, moni, bagged on Lmi. See this as a good trade into the 80's but will reassess once achieved.
Canadian disaster unfortunately the reduction in supply
Please correct me if I'm wrong, were you in AMI (African Minerals)?? because I was in it and I lost loads, I vaguely remember your name being there, but I could be totally wrong and apologies in advance. But that experience taught me a lot.. The reason I'm asking is the same as steven's question (Why u see oil and gas rallying?).. We kept saying iron price would rally until the last day!! Is it a wishful thinking or based on the USA figures released on Friday or what?? Apologies again if I had mistaken you for someone else..
Why u see oil and gas rallying
And gas really rallying next week
Thanks for that. Your reasoning is sound. GLA
Not today.. I'm waiting for 2 blue days in row next week and a close above 72.. today was another lucky day for me at CEY.. compare the 5 year charts for CEY & OPHR and you will know why you should pick the winners at the right time then let them run.. I bought CEY @62p in Jan , yes I could have bought it cheaper earlier, but I don't like to chase the bottom as this fails most of the time. I don't currently hold OPHR, but I really want it to go higher so I could get in as the potential is massive.
Looking for rise towards 80p next week. Ophir undervalued at current price.
ProfBanker have you been tempted to buy some on the rally today?
Look forward to a push into the mid 70's early next week. Prudential buying back as I said before this is way overdone. Bonker bonker bonker :-)
Anyone know the short position now?
Seems the 52 week low of 63.49 is giving some support.The recent fall seemed overdone.Hopefully will start to move back up, if POO holds up.GLA
Prudential bought back 700k shares out of the 800k they sold in yesterday's RNS!!!
Aye, not yet at least - I'll make some phone calls and see if I can get a momentary intraday print @ 35p organised ;)
Well we ended up almost 5%, just off the high, on a day when most oil stocks where flat or down in the case of Tlw, Enq etc, if oil had been a bit more upbeat we may have smashed through 70, but let's see how next week pans out.
Sorry wrong board. But same goes for OPHR.
Pray that POO continues to rise till Fri close. Ready for next week - PMO's week.
looking good 4 a push back up to the 70s buyers back
Paid.