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Diversifying my portfolio somewhat. Like the look of this bad boy, 2013 looking like it could be a good year for this one.
to be someone offloading each time we touch 8p.
CAMCO INTERNATIONAL (CAO): Camco has sold its entire UK advisory business for a maximum of £4.5m. This division recorded a small profit last year but Camco has chosen to concentrate on direct involvement in clean energy project development and carbon. Last year the international volume of carbon trading grew by 20% and with new carbon trading schemes slated for the USA, China and Australia this growth should continue. In a detailed update on its American business Camco has said that its biogas project in Idaho is now generating power from cow manure and that it ‘anticipates several biogas projects to commence construction over the next 24 months, primarily with existing Camco clients’. The US Department of Agriculture has said that anaerobic digestion of manure from livestock operations has the potential to produce more than 1,500 MW of base load generation and reduce over 34m tonnes of CO2. Camco has expanded its North American carbon portfolio by 25% over the last six months, and it should be able to trade these directly through the California Cap and Trade scheme that is due to get under way next year. The California carbon market is expected to be the second largest carbon market in the world, after that of the EU and its cap-and-trade scheme has a floor price of $10 per tonne of carbon rising by 5% per year plus inflation. Carbon trading is becoming an accepted solution worldwide and Camco is ideally placed to benefit.
Again, looking bullish, more so than my chart on the 16th. Need to see a few more sessions but we could see a break out here. Keen to hear any thoughts, I'm a novice. http://imageshack.us/f/687/caof.jpg/
Higher high - now "higher how" lol...
Positive news and conveniently when this second push up began... Will aid profitability of this part of Camco's business. http://news.discovery.com/earth/eu-airport-carbon-credits-controversy-120130.html http://www.wired.com/autopia/2012/01/airlines-developing-different-strategies-for-acquiring-carbon-credits/
Same as me. This spike is looking strong than the last push to test the 8p resistance area. This time we've closed above the 50 day moving average. with a higher how, after a higher low. Will be looking for nice volumes and a decent rise on Monday though...if that happens - next stop 12p & 15p IMO.
Is it just me here? Just broke what I think is a key resistance level.....
second push for 8p resistance...
Not as bullish as I thought it seems =P
Be gentle, this is my first time posting a chart and I'm a complete novice with TA. http://imageshack.us/f/718/caobg.jpg/
16-Jan-1209:05:228.23250,000Buy* 8.008.2520.58k 16-Jan-1208:55:428.25250,000Buy* 7.758.2520.63k 16-Jan-1208:47:037.95250,000Buy* 7.758.0019.88k 16-Jan-1208:47:017.95250,000Buy* 7.758.0019.88k
I did say for the laughs ;-) Regardless, it's looking bullish in my opinion... GL
http://www.reuters.com/article/2012/01/16/camco-idUSL6E8CG0WC20120116
Buy Confirmed =) http://www.britishbulls.com/StockPage.asp?CompanyTicker=CAO&MarketTicker=Industrials&Typ=S
is healthy. =) Chart is looking like a potential break out of the downward trend. Still too early to call in my opinion? Closed at 8p dead above 5 and 20 day EMA. Crossover between 5 and 20 day EMA, very slight, but still a crossover. Volumes still massive compared to the average. RSI divergence (Dec 7th SP = 6.75 RSI = 14.256, 3rd Jan 6.125, RSI = 22.886) MACD looking strong. Upper bollinger at 8.22, getting closer to that it seems. Next stop close above 8.4 - 8.5 would be nice... 50 day EMA still a penny or so away yet ...
If it holds above 8p, it's a pretty bullish signal...
http://www.britishbulls.com/StockPage.asp?CompanyTicker=CAO&MarketTicker=Industrials&Typ=S
http://www.reuters.com/article/2012/01/10/camco-california-idUSL6E8CA5HM20120110