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equator exp (EEL)     

Jon (MoneyAM) - 02 Jun 2005 16:06

announcments are due soon, stock price moving should hit 1.80 easily, very interesting story with new field linked in with an indian oil company joint venture and I understand good results from one area, looks great

dealerdear - 04 Jun 2008 15:02 - 250 of 370

Tempted to buy now but this is such a dire market.

Sp could be 12p or 40p in a few days, who knows.
I certainly don't!

scotinvestor - 04 Jun 2008 15:06 - 251 of 370

i bought at 24p....so halifax thing saved me a few bob in the end.

there will be news of farm in very soon.........this will go to 50p within next month or so imho

Nar1 - 04 Jun 2008 15:11 - 252 of 370

23 Oily what you think getting in yet ?

hlyeo98 - 04 Jun 2008 15:36 - 253 of 370

Still too early to get in...

scotinvestor - 04 Jun 2008 15:40 - 254 of 370

what about 15p.....i got in then as well....i just topped up at 24p

dealerdear - 04 Jun 2008 15:45 - 255 of 370

IMO think it might drop first thing in the am then it will be a good short term trade.

That's the theory anyway!

scotinvestor - 04 Jun 2008 15:54 - 256 of 370

u might be right dealer.....but dont think it will drop much more....its at 23.25p.....it could drop a penny or 2 max but will last a short time as u say inter day.......anyway if i hold a month i'm sure this sp will be long gone

even at 23.25p though, its still 24p to buy which is what i got already

Nar1 - 04 Jun 2008 15:54 - 257 of 370

hhhmm dropped a bit just a now lets see 15p not bad entry point

scotinvestor - 04 Jun 2008 15:59 - 258 of 370

it came from 15p which was the 2nd spike up.....this is 3rd spike up on graph.

more buys than sells....just.....even so, sp down down to mm games.....lets see where sp is in a months time

scotinvestor - 04 Jun 2008 16:01 - 259 of 370

if it keeps punging, it will be back where it came from yesterday with the news.....

scotinvestor - 04 Jun 2008 16:01 - 260 of 370

plunging

dealerdear - 04 Jun 2008 16:03 - 261 of 370

I'll use it for my blocked sink then ..

Nar1 - 04 Jun 2008 16:04 - 262 of 370

problem is there is nothing else to go by on the chart

scotinvestor - 04 Jun 2008 16:09 - 263 of 370

well it spiked ysterday from 14p up to 26p....and it started up this morning morning to 34p.......so thats a 20p spike......if you take 2/3 of that gives about 12.5p hence 21.5p should be lowest we see........i thought half way down to 24p would be enough but obviously not

dealerdear - 04 Jun 2008 16:09 - 264 of 370

It did say in the statement the warrants had been granted at 8p which suggests the company believes the sp is well over bought.

After saying that, IMO it won't retrace much more.

Nar1 - 04 Jun 2008 16:11 - 265 of 370

so worth a punt at these prices then ?

scotinvestor - 04 Jun 2008 16:11 - 266 of 370

also, lowering price as it has in last 15 mins or so means more and more and buying hence making the volume totally mental!!!

at this rate all the shares will be traded, lol

Nar1 - 04 Jun 2008 16:13 - 267 of 370

From looking at the chart RSI is overbought on that basis i think we may see a drop before a rise up.... still not convinced to buy at these levels going to sit back and watch very closely

hlyeo98 - 04 Jun 2008 16:17 - 268 of 370

I agree, I think EEL will go back to 15p

scotinvestor - 04 Jun 2008 16:19 - 269 of 370

well EK has a target of 1 on this
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