> 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

Jeepers Big Ted !, you're right...it's diving !

I have also seen another broker target of 1050, which is a bit worrying.
Also, 1050 doesn't look like much of a support level, so momentum could take it further.

I'll be interesting to see the how the SP holds, with the March S/bets due to close in the next couple of weeks and also the end of tax year usually which brings a spate of selling?
cyril

Any chance you could post a chart in your header please cyril? That would save having to post one on each page.

Harry teach me how and i will, or start a new thread.
cyril

cyril .... just go to edit as you would here ..... as it's your thread you can do it

?
cyril

Cyril, you need to go into the edit function next to your opening posting and then from the charts page, you need to click on the 'paste chart to bulletin board' link in the bottom left hand corner. Copy the long, black text http link & paste it on to your open page which you are editing. Don't copy a blue link. (I know they were having problems with this function last week, so may be it's down again).

Harry i 'm ok up to clicking on paste chart, then i get lost. I can't see a link to paste so i've tried manually typing in the chain symbol above(is this what you mean by blue link?) to no avail, also tried typing straight into the post box and that
just does not transfer and gives me a little box with a red cross.
cyril

cyril.... do you know how to paste a chart? ..... actually v simple .... go to chart and click paste thread - i.e. highlight and press control c .... go to your own thread and insert .... not exactly step by step but close to it

Or, once you have clicked 'Paste Chart' you should then see a long, black text link somewhere on the screen. Drag your cursor backwards along this link (left click mouse & hold down), thus highlighting it (you should then see white text on black background). Right click & select 'copy'. Then paste the text on to your original IEC opening post.
Check the 'BUGS' board & post #33 + 34, page 2.

Thanks guys, got their evenually.
cyril

thanks cyril .... now edit again, inserting 25 / 50 and 200 dma! .... then the chartvwill be even more useful

Nice one cyril. Bet you were expecting a relaxing sunday!

Cynic, are you shorting this as a hedge against your equity holding?

no

bit rock and hard place syndrome ..... chart is now pretty horrid and being sold off, along with the rest of the market, but not a good policy to sell into a weak market if at all pos.

Sold out earlier, in the nick of time and bought PFC....

Their was a piece yesterday in the S/times saying that the USA are now in recession, for me that was a pointer and reduced several of my holdings. I think
the DOW performance will be most importent today as if it tanks i can see a sharp
downturn in our market, along with the CFD'S March due and the end of the tax year its a iffy time.
For me IEC the Goldman Sach's report did them no favours,so for me short
term prospects lay in the success of the Kazakhstan well which had oil shows,
due at the end of the month. A positive result would be a real boost as the tax
is a lot more friendly to the likes of IEC,so fingers crossed for investors.
But in the meantime the main question is the support level,so for me i will
look from the outside.
cyril

obvious levels appear to be just above (or at) 1200 (200dma) or congeston zone from last year at 1100....

Oil short of the day !