cynic
- 20 Aug 2009 16:48
- 366 of 5505
24.5m traded with closing price showing as 50.5/50.75
required field
- 20 Aug 2009 16:53
- 367 of 5505
For those with a long memory; a couple of years ago Northern Petroleum (NOP) drilled a wildcat well on the Isle of Wight and the sp rocketed ahead of testing and then disaster the well was dry....the sp crashed....got my fingers burned...I hope the same does not arise here.
cynic
- 20 Aug 2009 17:09
- 368 of 5505
i am all too well aware of those sort of disasters ..... it's the massive volume that is potentially interesting, though Trades here seem to have "lost" 10m!
jkd
- 20 Aug 2009 18:23
- 369 of 5505
chartwise we have a daily breakaway gap followed by what is often referred to as a halfway gap which if it continues to conform? should move up another 50% from that level which then ought technically be followed by an exhaustion gap, i.e. the top is close. not wise to be drawn into buying into this usually, but then thats the theory only, also seems to confirm the parabolic rise theorists.( and the gravity theorists?) please dyor. not in but interested to see what happens.
regards
jkd
cynic
- 20 Aug 2009 18:27
- 370 of 5505
jkd .... that reads as gibberish - aka a politician's response!
Balerboy
- 20 Aug 2009 18:29
- 371 of 5505
What goes up gotta come down..... but when, is this the top for now or tomorrow and take profit???? :)) good luck all. Got to get mobile internet for laptop, holidays are ok but costly when you come back to this...lol
jkd
- 20 Aug 2009 18:45
- 372 of 5505
Cynic
if you dyor you will be able to see that what i am suggesting from a chartist point of view is not at all gibberish. i could spell it all out to everyone, if price gets here and does this then that etc. if i did where is the dyor ? half way from the breakaway gap isnt dificult to calculate is it?
regards to you
jkd
edit that should be an equal amount from the 2nd gap, not halfway, as that gap is halfway, apologies. my first post is specific.
regards to you
cynic
- 20 Aug 2009 19:08
- 373 of 5505
i have a large gap between the ears, as most peeps here know full well ..... if you are saying ride the momentum, then you may be right, though this stock has had one hell of a rise, even since the rns in early august, with no clue as to why
jkd
- 20 Aug 2009 20:07
- 374 of 5505
cynic
you are right, i am making no predictions therefore i may be offering a politician's response.
i dont know what will happen but think it might be best if all others know the possibilities of which there are many, if this then that etc. it's up to each individual to decide for themself.
maybe the chart may just give an insight into that "no clue as to why" maybe not, but at least it offers an alternative consideration.
regards
jkd
moneyplus
- 20 Aug 2009 20:09
- 375 of 5505
NO CLUES??? you've got to be joking---Indian mega bid/elephant oilfield with 3 more drills planned and some early oil already found still not officially at target depth but probably there and the drillers are phoning home!!!
cynic
- 20 Aug 2009 20:26
- 376 of 5505
in that case old son, your "gibbersih" could have been simplified by stating, "This share could go up or it could go down. Pays your money; takes your choice" - i.e. you haven't a clue either, just like the rest of us
jkd
- 20 Aug 2009 21:06
- 377 of 5505
cynic
i tried to be diplomatic. i do have clue, i stand by my chart analysis.
kind regards to you and all holders
jkd
grevis2
- 21 Aug 2009 00:15
- 378 of 5505
IndianOil-OIL eye LSE-listed co
Times of India
New Delhi, July 29, 2009
Flagship refiner-marketer IndianOil and northeast explorer Oil India have jointly initiated talks for a possible acquisition of independent explorer Bermuda-incorporated Gulf Keystone Petroleum Ltd which has operations In Iraq's Kurdistan and Algeria. IndianOil and Oil India executives declined to comment. Sources said the talks were at a preliminary stage but insiders said the contours of valuation indicated that the acquisition could cost over $2 billion if the deal worked out.
The Indian firms are talking to two promoter groups of Gulf Keystone who are based out of Kuwait, agency reports said. IndianOil and Oil India had come together in 2005 for making overseas acquisitions. IndianOil sources said it was too early for them to say how much stake the refiner will have.
Gulf Keystone is listed on the LSE and has six exploration blocks and two producing fields in Algeria. In November 2007, the company acquired interests in two production-sharing contracts in the Kurdish region of Northern Iraq. Gulf Keystone Petroleum LLC
cynic
- 21 Aug 2009 07:57
- 379 of 5505
JULY 29th??????????
required field
- 21 Aug 2009 08:02
- 380 of 5505
Here we go again....
cynic
- 21 Aug 2009 08:18
- 381 of 5505
now you see it, now you don't, but at least sp not really dropping
Balerboy
- 21 Aug 2009 08:21
- 382 of 5505
And your reaction is cynic....... hold, sell, or buy more at it's low??
required field
- 21 Aug 2009 08:25
- 383 of 5505
There is such strong demand still for this stock that you cannot play the "sell out and buy back in a little later game" because the sp is standing up well....might cross the fifties line today...
cynic
- 21 Aug 2009 08:29
- 384 of 5505
certainly hold ...... arguably sensible (i.e. not stupid!) to sell a slice to lock in some profit ..... buy a few if you're brave enough with a view to trading those
meanwhile, you guys have taken your eyes off CFM which i highlighted yesterday and is again performing strongly
required field
- 21 Aug 2009 08:42
- 385 of 5505
Well there you go...I should have sold some on opening and bought them back about now...