small oilie but with a nav of 35p compared to share price of 10p..bid rumours of 50p a share.

The red line is the 50ma.

same comment applies

I'm super bullish on these, this chart screams buy, dare I say 40p area is a possibility...

just watch that 50 dma .... it shouldn't be that much of a resistance, but nevertheless.....

Hi all

I'm still bullish but reckon they will be bought out for 30p in 6 weeks time.

these just being walked up to sensible levels it would appear. They want them today though.

mitzy , you looked at CHAR ? a few getting into that one and apparently cash twice current market cap, some of these small oilers are absolute no brainers.

No I've not looked at Char bit short of cash at the moment after topping up here .

kate + mitzy
i hear (read anyway) what you say, but as far as i can see, CHAR (and Cad too i think) only has licences and no proven wells, so you are still buying blue sky and nothing more ..... ditto falklands-based oilies.

it is true that sp is going up, and i would certainly be the last one to decry trading the trend/momentum, so i can only advise against greed and/or vague hope of t/o ..... if the market turns at all ugly, as could very easily happen, there will be a lot of blood on the carpet.

I'm holding CAD and HOIL.

at least we all know HOIL has oil, and an awful lot of it!

I blinking hope so.

yes pure momentum trades but they are all bombed out and bouncing, I see Zak Mir rates the CAD chart with a 26p target.

i wonder why 26p, as i can't see anything obvious ..... perhaps it's based on the GANN theory of x% rise from the bottom

that said, current price is 13.5 / 17.0, which if typical for this stock is truly horrendous

Never seen a spread quite like this, it's crazy !, you woud have to make a 35% profit just to get a few quid, ridiculous !.

yes this spread is a farce, we need some dma traders to narrow it!

Just bought some RKH as they are presenting soon apparently. Got legs this sector at last.

CAD again nearly all buys through plusmarkets today, many not put off by the spread it seems,

01/04/2009 13:02:22 16.99 1,417 O 240.75
01/04/2009 13:00:30 16.99 131 O 22.26
01/04/2009 12:50:32 16.99 20,000 O 3,398.00
01/04/2009 12:45:09 16.99 6,368 O 1,081.92
01/04/2009 12:43:05 16.99 732 O 124.37

damn fools then

not when it hits 20p!

Volume falling away looks like it has run out of steam.