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Xcite Energy - North Sea Heavy Oil (XEL)     

Proselenes - 22 Oct 2009 11:14

.

rococo - 07 Jul 2011 11:18 - 2102 of 3002

But has tested 198p earlier on

The share price movement is signalling sell on strenth for the moment being
there is a downtrend movement at the moment from the high of 247p intraday high on Tuesday

Chart.aspx?Provider=Intra&Code=XEL&Size=

dreamcatcher - 07 Jul 2011 11:23 - 2103 of 3002

10 miles to go to me 3.40 now,worth the wait.

required field - 07 Jul 2011 12:41 - 2104 of 3002

I fear that this will stumble around this mark for a month or so now.....

markymar - 07 Jul 2011 16:40 - 2105 of 3002

Good to see it up a little thought we might of seen some profit taking over the last few days,might be able to get rid of my candles when down my mine and put the electric back on soon.clip clop clip clop

required field - 07 Jul 2011 18:17 - 2106 of 3002

Marky : sorry but are you really in a mine ?...

rococo - 08 Jul 2011 12:08 - 2107 of 3002

and today has reached a low of 188.25p

Someone needs a pat on his back ...........

My calculations never fail, or well is just the normal Retracement formula

so many UP a good few down

p.php?pid=staticchart&s=L%5EXEL&width=65
moneyam charts nothing to look foward to so another one more acurate will do the job

dreamcatcher - 08 Jul 2011 12:58 - 2108 of 3002

rococo,I like that formula

DD5 - 08 Jul 2011 13:11 - 2109 of 3002

By my own admission i have to say i am a pretty amateur investor looking to take a punt. If i can get in at about 1.80, will it start looking upwards from there?

cynic - 08 Jul 2011 13:12 - 2110 of 3002

unsure of fair value for this one, but given that it's friday and sp has rocketed of late, substantial profit-taking is no real surprise - but are you brave enough to buy?

dreamcatcher - 08 Jul 2011 13:16 - 2111 of 3002

A long wait till the drill. Will the sp rise in the mean time or fall, who knows.

required field - 08 Jul 2011 13:17 - 2112 of 3002

EK is shorting this, but I'm not sure about this either way but have some for the long term view, tucked away, though nowhere near as many as last year....

DD5 - 08 Jul 2011 13:23 - 2113 of 3002

hmm! Think i am going to take a risk on it. Thanks for your comments ;)

dreamcatcher - 08 Jul 2011 13:26 - 2114 of 3002

In the long term the sp could be 10+ could be 2/3 years off. adyor

skinny - 08 Jul 2011 13:37 - 2115 of 3002

In auction. -11.2%

dreamcatcher - 08 Jul 2011 13:45 - 2116 of 3002

I suppose the sp will act like this over the next few months. A good positive climb then a retrace.

required field - 08 Jul 2011 13:46 - 2117 of 3002

Just decided to go long....overdone this drop....

dreamcatcher - 08 Jul 2011 13:49 - 2118 of 3002

Did not think the sp would retrace so much. Lets hope then for a good climb.

required field - 08 Jul 2011 13:51 - 2119 of 3002

Volatile, that's for sure....might steady out just above 200p at some stage...

dreamcatcher - 08 Jul 2011 13:53 - 2120 of 3002

lets hope.

required field - 08 Jul 2011 13:54 - 2121 of 3002

Just the sort of company with this single asset that could be taken over by Centrica or Norwegian Statoil at some stage.....perhaps 250 to 350 pence per share perhaps more as this is at a proven stage just waiting to be developed...
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