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STERLING ENERGY big buyers about... (SEY)     

proptrade - 14 Jun 2004 11:58

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

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

graph.php?movingAverageString=%2C50%2C20

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

seawallwalker - 01 Sep 2005 15:10 - 4785 of 7811

Gav, No I sold half, I still have a more realistic size punt which can stay in. I just used
some to pay for part of the remainder.

The rest can stay.

May I direct you to SCR.

The word is...............

gavdfc - 01 Sep 2005 15:23 - 4786 of 7811

Seems a reasonable way to play it. Will take a look at and keep an eye on SCR. Cheers.

proptrade - 01 Sep 2005 16:32 - 4787 of 7811

big volume at the close...

gavdfc - 01 Sep 2005 16:45 - 4788 of 7811

Healthy volume indeed! More of it tomorrow would be nice.

goal - 01 Sep 2005 16:45 - 4789 of 7811

Yes, they are down as buys, brilliant.

gavdfc - 01 Sep 2005 16:54 - 4790 of 7811

More trades showing up.

proptrade - 01 Sep 2005 16:56 - 4791 of 7811

loving SEY again.....

gavdfc - 01 Sep 2005 17:00 - 4792 of 7811

Lol! All we need now is a recipe or 2! Good day here, in fact, good day all round for me! :-))

proptrade - 01 Sep 2005 17:17 - 4793 of 7811

feels a bit ahead of itself...mkt due a fall back and may succumb to friday profit taking...

rgds
PT

stockdog - 01 Sep 2005 18:07 - 4794 of 7811

I think I may be turning into Benny Hill - everywhere I look I see double bottoms - uu^uu!

But look at the classic 18.75p confirmation today ending at the high on some lovely big buys. If we can push on up through the 19.75 interim peak we should move onwards to assault the 20.75p previous peak. Any break above there will set us on a continuation of the June to August up-channel to who knows where - blue sky.

Let's hope for good news on Euguene.

sd

gavdfc - 01 Sep 2005 19:05 - 4795 of 7811

Benny Hill, now there's a blast from the past! SD, agree with you re the 18.75 area, previous resisatnce which now appears to be a support level, according to my in-experienced charting eye! This chart seems to show it reasonably well.

">Chart.aspx?Provider=EODIntra&Code=SEY&Si

stockdog - 01 Sep 2005 22:53 - 4796 of 7811

gavdc - you've certainly captured the essence with the black line through your chart. I use stockcharts.com site who give a very simple but cleaer resume of the main chart features which I find perfect for my purposes, although some traders may find it a little simplistic.

Other indicators like RSI and volume also indicate we are well situated for a bit of an up on the SP if the market has half a mind to.

sd

hlyeo98 - 01 Sep 2005 23:23 - 4797 of 7811

This will break through 20p soon

seawallwalker - 01 Sep 2005 23:38 - 4798 of 7811

did I mention Woodside in their quest for aquisitions in the GOM have bought out Gryphon who co own High Island with Sterling?

Will Sterling be next?

Good night, sleep tight, see you in the morning.

Darn it, I am in tomorrow for sure.

stockdog - 02 Sep 2005 00:41 - 4799 of 7811

sww - not my place to give advice, but since you are being sensibly rigorous in your approach, it is better to wait until the SP goes up through 19.75 and lose the first 5-7% rise to be sure it does not fall back through 18.75p.

I so enjoy pronouncing rules I do not have to follow myself!

sd

Dr Square - 02 Sep 2005 08:07 - 4800 of 7811

Not much in it but worth a read

http://www.oilbarrel.com/news/article.html?body=1&key=oilbarrel_en:1125540014&feed=oilbarrel_en

proptrade - 02 Sep 2005 08:54 - 4801 of 7811

nice summary. thx Doc

Dr Square - 02 Sep 2005 12:04 - 4802 of 7811

Yes

looking forward to the next few months with SEY

regards

Pond Life - 02 Sep 2005 12:18 - 4803 of 7811

Hmmm.... a bid by Woodside would indeed make a lot of sense. How interesting. By the way, I've just woken up and noticed a Golden Cross on the SEY chart at the end of July. How did I miss that? Roll on 30p or whatever.

seawallwalker - 02 Sep 2005 12:51 - 4804 of 7811

Well pondy, Woodie does have cash to spare they are going into the Gulf, they have half of a Sterling asset that is being upgraded, and there are record gas prices.

I think I have just started a ramp, is that how it's done?

Or shall I call it speculation?
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