> http://www.investegate.co.uk/Article.aspx?id=200804020701443743R
http://www.imperialenergy.com
http://www.investegate.co.uk/Article.aspx?id=200807040700042799Y




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img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=IEC&Size=700&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR1&MA=&EMA=&OVER=&IND=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0">
cyril

I have been watching IEC for a month or more & it is not unusual to see the sp move 6 - 7% in a day. It regularly appears on BBC2 Ceefax biggest movers page (Pg 225).

1.5 MILLION @17 is a lot of loot!

.....or has it got something to do with Darlings CGT cock up?

particularly brave stock to short as it can rocket (like yesterday) for no obvious reason

Really incredible movements here, never know what it's going to do next, I must admit I'd like to get in again at some stage.

keep an eye on the chart (post 322) ..... 1500 (today) where sp hits sharply rising 25 dma could be an entry target to consider

is there anything wrong with this stock? [imho i don't think so].
1500-1530p looks like a good point to get in, but this is assuming it stops at the 25 dma.
200p in 2 days is a lot, in a straight line down.
i think this may bounce but wouldn't care to guess how high or if it will stay there.

any other opinions, chartists views etc.

Alex

IEC has a habit of being highly and totally unpredictatbly volatile ..... imo, i see hurry to invest new money anywhere .... IEC may also remain vulnerable in the light of the latest news that CEO has sold 1/3 of his holdings .... apart from anything else, that implies there is no news (good or bad) expected imminently

25 DMA is about 1518p & twice pushed under that today.
Still well above the 200 DMA & this stock regularly bounces, so worth a very short term punt, imo so long as one is happy with +/-7% in a couple of days. Difficult to know if there is more bad news from the U.S. though, to drag us down.

Ridiculous these drops like this, bad news in USA does not mean that oil output is going to drop, oil prices still very high !, same for PFC, DNX, VPC...

Oil price falling.

Well yes but by how much ? a few dollars, at the moment, it's not going to affect any major oil incomes, if it dropped to $8o that would probably do something, we shall see, I think we would have a strong rebound from there.

What if oil price falls to $60-70?

won't fall that low .... not in saudi + opec interest

Saudi have just said there is no shortage of oil. Bush has just told Saudi King that the high price of oil is damaging the US economy.

oil is indisputably a finite resource ..... ust because there is still plenty in the ground, which of course there is, does not mean that the saudi's and/or opec will be prepared to sell it cheap, albeit that that is relative.

If as we are lead to believe the global economy is likely to slow quite rapidly it follows that demand for oil will also decline along with the price. The Saudis are not going to "kill the golden goose".

Or they could just reduce production to keep the price high.

They wont do that as they need to keep in with the Americans who as you know are their neighbours now.

halifax .... ever tried working with Aramaco who effectively dictate how much Saudi oil is pumped? ...... trust me, if they want to hold back production, as they did for a year or more in 2006/2007, then they will and did! .... nor were they lying when they said they were pumping as fast as possible .... they were just not developing further (won't bore you with the tech detail) which requires pretty minimal effort and expenditure