Member Info for ELSteve

I feel yesterdays move was a total over reaction. The fundamentals of the company have not changed and Nat gas closed around 5% higher yesterday and is pushing up further today so the fundamentals have actually got better, the only difference is that a tranche of the companies shares swapped ownership at 27p and given the shares were at 27p a short while ago it could have actually been the market rate when the deal was negotiated.

It's probably a broker to broker fill which has to be registered on exchange to represent the change in ownership as opposed to any market maker involvement, the market makers will only get involved if they have client orders to fill.

On the plus side June Natgas is making new highs today so I wouldn't expect i3 to be around these levels for too long.

Ah that now makes sense why

Seems to be some odd selling out there !

The trade could have happened at any point in the day it's just that the Market Makers decided to print it at that particular time.

I agree with you Jack, based purely on technicals I have 39p as the next area of resistance.

I would be disappointed if we don't, June Nat Gas futures have just broken through the recent high and are up around 9% on the day so far, feels like i3 has a bit of catching up to do !

Ah I see lol !

Are you sure your broker has bought the right amount this morning, if you have millions from the GBP trade a few years ago then surely buying £600 worth is mistake on his behalf !

That seems rather good news

I think with i3 it is a case of jam today and jam tomorrow hence why the fundamental analysis of this share leads to the conclusion that it will go higher. Technical analysis and indicators although suggest it's been overbought I have seen shares double in value still in similar circumstances, some people may think that taking profits in a rising market is a good strategy but with i3 I think that buying into a rising market and capitalising on it's strength is the best investment strategy. I hope people are not concerned that it's an AIM listed company because to me it's only AIM in name and listing as it doesn't share the same attributes as most of the other AIM listed companies.

In a previous incarnation of mine we had an equity team who could flip the settlement between the different exchanges and trade the arbitrage accordingly, 88e was one of their favourite stocks to trade. Can't remember exactly what happened but I think Compliance stopped them doing it. What you could do is use CFD's to trade each one individually, eg short ITE.TO last night and buy I3E.L this morning and wait for the price difference to narrow between them but it's not something I would like to try as legging into a spread carries it's own risks.

It is a tough thing to do, I switched some of my pension pot into i3 last week at 27.7p average after waiting for a pullback that never came and now I'm pleased I did. When you get a bull run like this every pull back will be less than the move up so people just watch the share run away from them. I believe that any purchase in i3 will come good at these levels even if you experience a short term period of being offside so I have traded accordingly.

Although I would agree that on some technical indicators the share price does look overbought but that doesn't mean it can't go further just as if something is oversold it doesn't always indicate a buying opportunity as we know markets do like to over react in either direction. What I would point to in the case of i3 is the very strong fundamental case for buying and I believe that in this case the fundamentals will push it further, indeed looking at the price action over the morning I would suggest further upside is imminent but we are waiting for the Canadian open to see if the last couple of days can follow through into the afternoon. Obviously I am not recommending people buy the shares, just my opinion.

IG are total scum anyway as they just B book everything and hope you lose money so actually providing a useful facility like DRIP is not in their interest. Hargreaves Lansdown have a pretty good rep but any broker with DMA is going to be better than IG.

Looks like BNY Nominees have reduced their holdings, that helps explain the cap on the price this afternoon although very positive that there is good buying up at these levels.

If I were to consider purchasing any EOG it would be with fresh funds. The entirety of I3's value is pretty much attributed to it's Canadian assets so I would be cautious about removing my exposure to those assets into a binary event that is Serenity producing or not.

Makes a great arb play though !

It's a bit sad really saying 126 is trading when it's just the auction process, not a clue how the market works.

Not necessarily the case at all as sentiment is the biggest driver of a share price and what can be perceived one day as bad can be good the next. Oil is having a run and sentiment is bullish towards oil stocks and especially I3 so someone selling 750k to take profits I imagine can be viewed as negative or the fact someone bought 750k at these levels is a positive, market is looking bullish and sentiment is positive. Same scenario and two different outcomes.