Sue,

Looking at the RAMCO charts i feel it is due for a strong move up as it has been oversold. what do u think? xmortal

Xmortal,

Well there's a reason for the precipitous drop!

They don't have the gas they thought (and told us) they had!

And the charts look horrible, so if "the trend is your friend", this still looks like a sell, rather than buy, IMHO.

The 1 year chart tells the whole story.




The 1 month chart shows the recent action

"


and today's chart shows the latest debacle, although the price MAY be recovering somewhat, time will tell if it's a DCB or not.

Andy,

yes im aware of the gas reserve issues and at present all indicates it is a sell but they still have to carry out further tests on the gas reserve. Still I think is too oversold even with the bad news. Any experts on this???

I think it is a very hard one to call at the moment. I have not really been following it but I gather that one of the brokers has re-iterated their sell stance in the last week. Profit warnings do come in three's and the company have given 3 warnings now. I would wait until the company publishes their results or if one decides to have a gamble and buy in now then I would advise not to put more than 1K in it.
The stock could get suspended if the results are not released on their forwarded date of some time in May I believe.

Thanks Sue, though it would be appreciated if you could have some input from time to time on this one....Ta.