Empyrean Energy

Web site : http://www.empyreanenergy.com

oily ...... can't remember whether i made or lost money in the past on eme ..... probably some of each! ...... however, if i dabbled now, i know the driving force would be pure greed rather than logic.

having now just had a peek at the "pretty little chart" that i posted, i note 200 dma has been hit and sp now struggling ..... not the time to buy!

It appears to me that there is no logic left in the stock market. Even badly run companies have peaks well above their worth, obviously there is only greed left, so why not go with the flow and make some dough.

is the flip side, have some frolix and do yer bollix?

Yes very risky, cynic, starting to fall today.

my suspicion is that sp will not hold above 200 dma as there is no solid foundation for the recent headlong rush upwards ...... i shall merely watch with interest

These oil sp spikers always fall back once punters have been sucked in.

I'll work out how to profit from that one day, meantime I am just interested to watch.

buy when red, sell when green, always do the opposite of what your brain tells you...!

in this instance, i think it best just to watch ...... many better shares to buy

I take it we'll get our weekly update tomorrow?

ttt

and singularly exciting reading that wasn't too!
and the prompt sharp dip in sp shows the fragility of the stock and the recent steep rise

cynic

Interesting change this week, don't you think. I'm not trying to read anything into it. ;-)

Al .... like you, i just watch this one with interest ...... don't think even my greed will tempt me in here

IMO if it drops back to the 50-60p range it could well be worth having another small stake just to cover the next bounce up. It may be totally illogical, but if the sp moves up on the merest whiff of gas, then why not take advantage???!

You do have a point HARRY. ;-)

We're in week #3 of the updates through the target section. No mention of gas today - is that deliberate? Dunno, but it jumped right out at me at 7am this morning. ;-0

the gas? ..... merely last night's curry coming home!

This company seems reknowned for this, a traders (not investors) dream, very irratic, and no-one seems to have any patience, any RNS that says they still have 2/3 weeks of drilling and look what happens, likewise the mere'st mention of gas/oil and up she goes...
i all but sold out @87p but it will have to drop to mid 50's (which i doubt short term) for me to buy more...

Ted .... why buy at all?

EME is not worth going in until it drops to 40p

reason for buying...volatility, this has proved time and time again its capable of 25% swing plus in a day, but i do think its overvalued at present...