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?

hyleo98,

yes that looks like decent news, and a little unexpected too.


Besties,

The BID is now 8p!

That has been a long time in coming, and IF we can hold at this point it may indicate the last of the 8p overhang has been cleared.

Andy
I'm watching this closely because if we see some strength in the next day or two the sp could start to motor. Everything crossed. Got my scalpel out looking for some dead flesh in my portfolio (shouldn't be too hard!) for a top-up.

Looking good........

Bit mystified by the trades that have gone through today though. Mainly sells vs buys according to the MoneyAM trade page on here. And yet the price goes up???

And looking good again today. Could this be the corner finally turned, and without the Blue Sky deal?

Fingers, toes, eyes, everything crossed!!

This is a great buy

Besties, Queen1

Well we held at over 8p BID, so maybe FTO really have turned the corner?

Next week will tell IMHO, I would like to see 9p mid hold, the chart is looking really nice!

Wow, what an exciting day!
Not.
Was it the MM's Xmas bash today???

Andy, let's hope that it is a corner rather than a circle taking us back down to 6p! Sorry, not very festive is it?! What I meant to say was, "Go, Go FTO, 10p by Xmas, don't you know!"

Here we go. At last.

Very nice to see this finally break through the 8p resistance and now straight through the 9p, lets hope it holds its own tomorrow.

Would rather it just edged up in a stately fashion. Much better for the nerves than the sky-rocket effect.

Besties,

What a day!

Let's not complain about "sky rockets" when it pertains to FTO please!

Chart looks nice and steady actually.

Andy we all know what happens to sky-rockets eventually!!

Not really complaining cos that chart looks pretty solid. Bit nervous at the mo tho cos I'm a PET-watcher and TLT looks poised on a knife-edge after a long time rise. Had some nasty fallers lately; PRE,PCI,ROC,HNR,Grrrrrr.

Besties,

Well another good day for FTO!

9.25 to SELL!

I would like to see 10p mid now, to ensure no double top, see the chart above.

With regard to your 0other shares, PRE again failed to deliver after promising so much, and you were unlucky with PCI, although I think they will come good in time.

HNR I hold too, and still believe they will regain their former highs once they report a decent bit of news. They really do have some promising exploration sites around the world, I'm sure we'll be ok there in the end.

C'mon you beauty!!

this is going places, this has got the makings of a pay your morgage off share !! if you can hold yr nerve

Forgive the intrusion - a novice here who reads this thread and has a small holding in FTO - what is the significance of the 14 million shares traded with a zero time stamp please??

bhunt, good question. Don't have the answer unfortunately. One thing I have learnt is that there are trades that have delayed reporting, and there are trades that show as buys on here that are actually sells, and vice versa. This makes up or down movements in sp seem strange if you accept these trades as they are reported on here. The only way to gauge what is actually going on is to look at the direction of the share price as this will generally provide the true picture of what is going on.

The 14m trades that you're referring to are bang on the mid price at the time they have popped up on here, which is why they are shown as ? trades. Can't help you with the significance of the 00:00 time stamp tho.

The up turn on these shares are related to the recent good news or is something happeneing with the Blue Sky deal that we have yet to hear about ourselfs?