profits ahead of last years.the company has 80% interest in a joint venture with china national petroleum corp(cnpc).market makers bought a lot of stock on friday followed by big buys on monday.profit taking on tues am then buyers back in pm.any views?

Bounce back to Monday's end price - very frustrating and confusing holding this one...

Whahey, 8p at last.

Next stop?

Anyone care to guess?

8p indeed - always good to tempt fate in a positive manner!

heading up again tomorrow to 9p

or heading back down to 7.5 ?

Cheer up guys!

Just look at that chart.......

I'll believe it when it happens...

Have to wait for news or good results.

Been waiting a while now...

Agreed. But China is growing fast. Lets hope they take advantage.

China will be the biggest economy in no time...

when is the sale of bleusky ever going to happen???????????????????????

llewellyn,

soon hopefully!

I know how you feel, every time we hit 8p, it rebounds.

Originally, many years ago, I bought in at 8p, when FTO was a fashionable stock, being widely tipped by the media, and my theory is that there are loads of people with shares bought at the 8p level, and so as soon as we hit 8p, they sell to recoup their initial investment.

I could be totally wrong of course, but it does seem a coincedence that resistance is 8p.

This is purgatory waiting for it to break through 8p. Every day that goes by and it doesn't is excruciating!!

beasties,

It sure is!

Enormous resistance at 8p, always seems to bring out the sellers, but I think once Bluesky goes through, we will breach the 8p barrier.

But when is the sky going to turn blue?! It seems as though the sky has been every colour of the rainbow except blue for FTO for months now. The deal was supposed to be June but we're now in November and Santa's little helpers are working overtime up North. Lets hope FTO can give us a little lift in our stockings this year!

It surely can't reach the end of the week and NOT have pierced the glass ceiling can it? The chart says it absolutely cannot refuse to go through 8p at the start of next week.............

nice 1mil trade gone tho looks like def buy !!

Agree heading through 8p barrier.

we have been waiting for to long ???????????????i beleive that it aint going to happen?????? if it was good it would of happen by now!!!!!