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

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

That's the theory anyway!

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

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

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

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

plunging

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

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

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

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.

so worth a punt at these prices then ?

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

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

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

well EK has a target of 1 on this

Yes, 15-18p I reckon will be a buy tomorrow.

All IMO of course.

Why all of a sudden the price drops and every on thinks,just because they lost not to buy at 15p,same can happen again,its been sea of red on most stocks today,tomorrow is a new day and who knows this could go the other way,like it did yesterday evening which is up,people might not even see 15p again and might end up paying more than they hoped for,its a funny old game this share dealing.
Smiles one day than if down the next all kinds of speculation starts to pour in.

cant see it hitting 15p again......18p would be the bottom if it reaches that......however, i got a big stash ready if it hits 18p like i did at 15p......and also most people know the news now so if mm's drop it to 18p, expect them to be swamped with tens of millions of buys from around the country.......might get to 50 million trade volume tomorrow if that happens!

I'm expecting it to drop first thing to scare out weak holders. I don't know how soon or by how much the next rise will be, but there will be one that will be deliberately overdone so that sp can retrace for the mm's to make their corn.

I considered selling some TAIH this am to buy in and at that time I could have purchased 4300 EEL for every 10000 TAIH. I'm glad I held off as TAIH was up 12% and EEL down by 5p per share. The same deal now would be 6600 EEL for every 10000 TAIH. If we have a similar day tommorrow it could be 1 for 1 or 10000 EEL for every 10000 TAIH. As TAIH are entering their results period I am expecting them to almost double this month so I am not too worried about EEL's sp at the moment, however I shall keep watching and if the opportunity presents itself, I'll be in.

The sp movements on EEL make it tradeable on a daily basis at the moment, so with constant tooing and froing of price there is always a chance to get in cheap. Good luck all. IMHO DYOR.

Precisely oily.

Very few shares are tradable atm. This is one so I for one have to take the chance. Nothing certain of course.