anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/



weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

nice summation SD

Good post Stock Dog. Thanks to all for the posts on this board, makes the board what it is. Just had it confirmed by SEY that the date for the prelims is the 9th May.

Interesting day it will be too, gavdfc

Proptrade,

Any chance of putting a chart in the header please?

TIA,

Andy.

Prop seems like this thread that you started is here to stay.

In ten years time, I promise I will go back and read all the posts, get the best recipes, and publish a book with all of your permissions of course.

Agreed SD, looking forward to reading the results.

will post the chart as requested..

on to SWW's post, feel free to research the thread and extract the recipies but i expect a cut of the tv and film rights...

by the way in ten years time shall we meet on your island or mine!

rgds
PT

rsi looking good by the way...

Prop,

Thank you!

anything else Andy, a cup of tea perhaps?!

If someones making the tea put me down for a cup, milk and no sugar please! RSI does seem to be low and the 17p level looks like a support line, its bounced from there a few times. Is also on the 200ma, a bounce perhaps.

for those charty chaps it does look pretty good from here to launch to 20+

Results out in 13 days also so perhaps a bit of a run up from here.

gavdfc - agree 17p has been a recent support and is now coincident with the rising 200ma which is virtually the lower trend line apart from the natural aberration whenthe 97m was placed at the turn of the year. So we should see some support here from which we bounce up 3p to yor 20p figure.

Just watch out in this uncerain market for a break below the 17p level which would be a rapid sell for safety, I think, buying in again at the 14.5p level??

SD

2.5 million T trades last thing today.

The big boys are still hoovering up the small retail sales in bulk.

If it does go to 14.5 again I will take out a second motgage.............to buy all I can.

There must be a conumdrum to be resolved in the concept of taking out a second mortgage in order to pay off your first, SWW! But I know what you mean. My point was that it would be worth the short term trade out and then in on the fall from 16.75 to 14.75, if you were nimble enough.

I think this is where a combination of continuing to hold your shares and using CFD's or a spreadbet to profit from the temporary downside would be the best strategy.

SD

Stockdog, well here's hoping that it doesn't fall through the 17p line anytime soon. I would think that with the results only being 13 days away that we should see some more interest here. However, should it fall through the 17p mark then I would still be a holder, but I can understand what you are saying re selling then buying back and the state of the markets right now. If they did fall and hit the 14 mark then I would definitely be buying more at that price. Another bad night in the US tonight.

Cheers

Gav

Looking again at the chart over the last 2 years, it is well defined and there is still enormously strong upward momentum drawing a lower trend line through the troughs of Dec 03 and Jun 04 with the parallel upper line passing through the peak of Sep 03.

The extreme peak in Oct 04 falls above this line and was the start of an accelerated formation which was brought low by the issue of 97m equity to fund the Mauritanian govt loan of $130m and more working capital. The ensuing double bottom fell briefly below the lower trend line to the previous support at 14.5p.

Since then we have been getting back on course, but the crucial test as I said above is holding above the 17p level just now which has the double significance of being not only the horizontal suport line established since mid Jan 05, but also currently coincident with the lower trend line.

We seem to be forming the right hand shoulder of a double top head and shoulder formation which if held will be a good support level; if lost will allow us to fall back to the 14.5p previous support level.

Let's hope we hold where we are until May 9 and the prelims offer enough good news to project us up past the resistance level of 18.75p on towards the upper trend line into territory well north of the all time peak of 20p.

from the desk of the Dog of Omah!

if i had known the charts would distract us from recipies for this long i wouldn't have posted them!

all good chartest points guys. the key for me though is that the fundamentals are strong so i have confidence to pursue a buy on dip strategy.

Sorry prop, I am busy watching CSH this morning, and MMG.

I don't hold, but I am learning from them.