Keep a watchful eye on PET during the month of September methinks you ain't seen anything yet. Make a note in your diaries for 10th.of September.Check PETs share price on that day.

pixi - 29 Aug'07 - 22:17 - 95837 of 95837

katoema - 29 Aug'07 - 20:23 - 95773 of 95785

pixi - 29 Aug''07 - 19:36 - 95762 of 95767
Remember the US$18Billion! Not been around for the past couple of days, but you are so very close. Middle East oil and gas is brought and sold - not in the Middle East - and has not been since the Gnomes! Bahgdad warm yesterday and the 10th does seem about right. Thought the SP may have been higher, but opening on Monday next will be interesting. K

lex1000 - 29 Aug'07 - 22:25 - 89 of 89 edit


Click on link to see charts which go with the text.

http://www.advfn.com/cmn/fbb/thread.php3?id=5456944&from=8686

ChartAnalysis - 29 Aug'07 - 01:11 - 8686


Analysis by fingersxxd Submitted through analysis site

Analysis for PET


Hi COJONES,


PET - 134.00p .. PET is an exceptional stock .. cos I reckon that everyone that has the slightest interest in the 'stock market', is going to be fully aware of its story.

Everyone knows, that with the right news, PET has the potential to 'take-off like a rocket', and I have seen numerous posts predicting rises of anywhere between 5 - 100 (I haven't seen 1000 per share predicted yet, but I'm sure that it won't be long .. LOL)

It is 'high volume' that creates strong moves, and it only needs the 'hint of good news', for everyone to 'dive straight in' for fear of 'missing the boat'.

As a result, PET has the potential to virtually double in a couple of days .. if not in a few hours .. as can be seen by the near vertical rises that occurred during 2004/05.



The problem with such sharp rises, is the fact that good profits are made very quickly, and as soon as there is any hesitation in the rising price, investors look to 'lock in those profits', and the subsequent 'sell-off', can often see the price 'plummet' just as quickly, so you need to be aware of this.

I also reckon that PET must be viewed as a 'gamble', using money that you are prepared to lose .. because although the conscensus of opinion seems to be that a 'deal' will be forthcoming, and its just a matter of time .. there are no guarantees, and if the 'deal' should fall through for any reason, then the price would immediately collapse.

Anyway, I am 'rabitting' .. you asked about the charts, so let's see what they have to say ..

As a 'chart fanatic', as far as I am concerned, the charts are a very useful tool .. even with a stock such as PET which is so obviously news driven .. and I am sure that mosts 'chartists' will agree .. those who say that charts are irrelevant, are most likely 'non-chartists'.

The first chart below, is a WEEKLY movement chart, covering an 18 mth period, and it shows the tight 'price ranges that have been in place throughout.



Obviously by using charts to identify these 'ranges', any price movement outside of the 'range', provides a clear visual signal that the price is getting ready to make its move, and it also provides an indication of the direction of that move.

If the breakout is accompanied by 'above average volume', and results in a 'close' outside of the range .. then this often provides confirmation of the breakout, and the signal that there is more to follow.

Zooming into this years DAILY movement chart, the recent upward movement 'signals' are clearly there to see .. although having said that, they are easy to see when looking back with hindsight .. but the signals are not always so easy to read as they occur ..



.. It started with the strong move from the floor of the 'range' during July, accompanied by 'above average' volume.

.. The price held those gains and consolidated for a week, before making another strong range breakout move .. typical of a confirmed breakout

.. The 100.00p 'psychological' level, was an obvious resistance level, and a good time to 'lock-in' some profits.

.. the subsequent 'back-testing' of the support of its previous range ceiling, is a common occurence, before continuing on upwards .. and the bounce that occurred from the 'support' level, was another good signal.

.. the strong rise straight up through the 100.00p level, with increasing volume, was yet another 'positive' signal, suggesting more upside to follow.

So what next?

Strong moves, and high volume, is also a good indication of growing 'market' interest, and anticipation of good news .. as long as the 'high volume' continues, the price will continue upwards .. as the volume drops, so will the price.

In the short term, 150.00p is another 'psychological' resistance level, and may result in some profit taking, and retracement .. if so, to the downside, look for support at 125.00p.

If the price should close below 125.00p, then look for 'support' and a possible 'bounce' around 112.50p.

To the upside, watch for a sharp move up through 150.00p, accompanied by 'high volume', and a 'close' above .. this would suggest to me that 175.00p is its next target, with the 162.50p 'mid price' level also having an influence upon the price movement.

Overall, it is an exciting stock to follow, with huge upside potential .. both in the short term, and the long term .. but just be wary of the 'downside' risks .. as usual, just a few of my thoughts & observations.

>lex1000 - 29 Aug 2007 22:32 - 137 of 138
.
CYNIC,update on your PET fantasy portfolio

At close tonight PET 146p-149p.

10k @ 146p = 14,600 gross 14,587.50 net

Paper profits from 6/8/2007 14,587.50 less 8,860.10 = 5,727.40 net profits or in percentage terms + 64.64%




>lex1000 - 06 Aug 2007 22:04 - 60 of 138
Cynic,

Let's see how PET trades.

10k bought @ 87.6p this morning total 8,860.10 gross - your fantasy portfolio.

At close @ 94p worth 9,387.50 net. profit = 527.40 net.+5.95% profit in one day.

p.s if day trading profit possible @ 97p bid = 827.40 net.+9.33% profit in one day.

In my humble opinion PET long term hold for highest gains - that "feeling grows & grows...."

My posts pre-open today one could say have been proven "timely." For an alternative contrarian view see post below-you did bring MPH into it.LOL ;o)

DOW 13468.78 +286.87

>cynic - 04 Aug 2007 09:26 - 24 of 59
for would-be investors, there will be plenty of time to get in ...... sp is surely rushing upwards on the hype of the news laws being enacted rather than on any discovery ...... furthermore,

DCD - 29 Aug'07 - 22:35 - 95846 of 95850


Hatto. It still only took less than 150.000 buys to take us fron 1.38p on the bid to 1.46p bid.

Hatto. I still have not bought any more, thought about it yesterday and today but afraid i would jinks it if i did. So happy to stick with my 100.000 i bought at 60p.

katoema - 29 Aug'07 - 22:35 - 95847 of 95850


Pixi:
Will email when dates are known.
Mclellan:
10. Are you in Ecosse? K

pixi - 29 Aug'07 - 22:36 - 95848 of 95850


mc

I'm keeping an open mind, time is unimportant in that part of the world. It will happen when it happens. Lol

mclellan - 29 Aug'07 - 22:37 - 95849 of 95850


evening, katoema- No...I live in England just now.

Hatto - 29 Aug'07 - 22:40 - 95850 of 95850


Hi DCD.....I think the MM's are happy to move the SP North as there are a lot of buyers about at all levels.

The SP is of no concern to them, they make their money on the Spread & the massive (for PET) Volume has been a bonus for us all.

We can see by the online limits that the MMs want stock & us PIs often have to pay a premium if we want any quantity.

Many congratulations on your profit.

Still quite a way to go SP wise I feel.

mixitup12 - 29 Aug'07 - 22:51 - 95863 of 95863




Crosby connections - 29 Aug'07 - 21:38 - 95813 of 95852

However, Barrie Newton, of Rowan Dartington, Petrel's broker, is more cautious. "There are so many question marks. This is a very small company with virtually no assets. It has very good contacts in Iraq but there has been a major political change. We just don't know what the attitude of the new administration is going to be. It's foolish to speculate."


What ever happened to Barry, mixitup12?

LOL!

That gentleman was never positive about PET's prospects (complete f**king arrogant ar**hole), even though responsible for PET as their broker. Rowan Dartington were taken over where he was the boss. He was demoted to a small office in Bath. I hope he falls down the plug-hole.

Hatto - 29 Aug'07 - 23:29 - 95876 of 95891


Here are a few of my thoughts, hope that they are of help/interest.

Back towards the end of July 2007 PET had a mid price of 59p & it looked as though the Iraqi Parliament were about to disband for a one month recess.

Things did not look great for PET's SP in the short term.

Then out of the blue a German Tipster mag put a 14e (9.48p) SP target on PET & we were off.

This was followed by a very bullish AGM statement a few days ago from PET. Combined with a London repeat.

A number of PET BB contributors attended & gave excellent reports back.

These last few days reports from Iraq sugges that the HCL is very likely to pass in the near future (anything from 1-6 weeks). Sooner is IMO more likely.

-------------

So thats he past....What about the future.....

Well I see the HCL passing in September 2007, when is fairly irrelevant...

I expect the SP to rise as PIs feel the event is getting closer.

When the HCL passes (lets assume it does)....I'd expect there to be a dramatic rush for PET shares as rumours & facts suggest that PET is about to win (a) contract(s).

Block 6 & an upgrade on S&L are expected.

If this transpires I expect the SP to rise further.....

Then there is HALFAYA.....!!!!!

We are not sure about this one are we. It will be stunning if we get it.

Telephone numbers SP wise Mr Teeling said......maybe as a joke, maybe not, the telephone numbers that is.

I feel the PET management think they are in with a very good chance of getting it.....& it is on the Website....

So fingers crossed on that one.

-------------

I don't like putting any SP figures on it but I intend to keep all my PET holdings till our Halfaya fate is known one way or another & then review.

DCD - 29 Aug'07 - 23:31 - 95877 of 95891


Well i think this could really go up tomorrow and i mean really go up, DOW is up 240 odd points and it looks like 6 months of peace in Iraq with a bit of luck.

elmfield - 29 Aug'07 - 23:32 - 95878 of 95891


Hold for long term growth.
Good Night!

mattt9999 - 29 Aug'07 - 23:32 - 95879 of 95891


Thanks Hatto I feel the same onward and upward!!

tisi - 29 Aug'07 - 23:33 - 95880 of 95891


good day tomorrow all round tomorrow dow up 1.9%
anybody got any views on sey ?


daveperry - 29 Aug'07 - 23:35 - 95881 of 95891


Close in Germany.




Live rates at 2007.08.29 22:33:16 UTC
2.29 EUR

=

1.55238 GBP
Euro United Kingdom Pounds
1 EUR = 0.677897 GBP 1 GBP = 1.47515 EUR

Hatto - 29 Aug'07 - 23:36 - 95882 of 95891


Hi Elmfield....I think long term growth it is for me for my bought & paid for.

A lot of my PET was purchased between 60p & 95p...

If I were to sell this year I'd lose 40% of my profit which is xxx,xxx-xxp to the taxman.

I know CGT is a bad reason not to sell normally but in PETs case there are bonuses for a longer hold.

Hatto - 29 Aug'07 - 23:39 - 95883 of 95891


Hi tisi....I feel PET is a stronger play than SEY...SEY's SP has rather collapsed of late...not the greatest of signs.

DCD - 29 Aug'07 - 23:39 - 95884 of 95891


1.85p would be nice for a start, that would pay my boys school fees for the next five years.

tisi. I wish you well, are you still in AHT.


Hatto - 29 Aug'07 - 23:41 - 95886 of 95891


Cheers for that Dave....

UK PET 147.5p

EURO PET 155p

Interesting.

Looks like tomorrow should be good.

Hatto - 29 Aug'07 - 23:43 - 95887 of 95891


davehome - 29 Aug'07 - 23:28 - 95875 of 95886


Up a penny until 9.00am, then steady rise to 1.65 by close. onwards and upwards.

-------

I think you'll find our SP rise will continue to be dramatic.....

I don't expect PET to be dealing in 1p's at the moment.

daveperry - 29 Aug'07 - 23:44 - 95888 of 95891


Rotating dumbell effect.

Hatto - 29 Aug'07 - 23:45 - 95889 of 95891


Davep....Not 100% certain whether the GSE is raising the UK PET or vice verca.

bairnboy - 29 Aug'07 - 23:48 - 95890 of 95891


Hi Katoema-reference your post to McLellan-I do however live in Ecosse.
Night everyone else-see you all in the morning.

Hatto - 29 Aug'07 - 23:52 - 95891 of 95891


Someone mentioned earlier that they thought that the PET BB contributors held 8 million PET shares.

Personally I feel that figure is around 20 million, if lurkers are included.

PET has only 69 million shares in issue, if there is a rush for PET shares then the SP rise will be very dramatic.

melfaraj - 29 Aug'07 - 17:39 - 4907 of 4908


pet watch


rowe 13.5p to close 10.07% higher to 147.5p @ 2% spread (146-149)

vol 1.4m, .72m buys/.59m sell/.1 unknown


looking forwards to tomorrow's action especially as i expect a much better market dayd tomorrow. the ftse rose well to close in the positive. meanwhile the dow is flying!!

kingdiddy - 30 Aug'07 - 00:34 - 95896


Hatto re the BB collective holding: My estimations are nearer your figure of 20m similarly. I think wide knowledge of this info would hugely tighten confidence here. I go as far as to say SP enhancing as any readers will be in no doubt as to who the long termers here are due to their daily presence, in brief one could reasonably acurately estimate the loose shares in the mart. Would love to know that figure.

Hatto - 30 Aug'07 - 00:40 - 95898


kingdiddy - 30 Aug'07 - 00:34 - 95896


Hatto re the BB collective holding: My estimations are nearer your figure of 20m similarly. I think wide knowledge of this info would hugely tighten confidence here. I go as far as to say SP enhancing as any readers will be in no doubt as to who the long termers here are due to their daily presence, in brief one could reasonably actively estimate the loose shares in the mart. Would love to know that figure.

--------------

Obviously I know how many shares various holders have......I think my figure is close.

Not that many shares in free float.

The MMs may have difficulties in the future as I said earlier, if there is positive news.

kingdiddy - 30 Aug'07 - 00:48 - 95899


Hatto so considering Directors and insti's hold 53% ( 36,570,000) and your informed estimates of 20m from the LT's, were looking at only 12.43m share in free float. That is phenomenal. Going further last week nigh on saw that figure turnover once in the market.

DCD - 30 Aug'07 - 05:43 - 95902 of 95902


Morning all. Can't sleep. Kingdiddy. There will always be sellers about as the SP heads north, as long as we have a few more buyers at the same time to give us a ballance. Better to see 800k buys and 600k sells each day, puts a more sold footing under the SP.

Monty333 - 30 Aug'07 - 08:04 - 95956 of 95957


D Express (share whisper) this a.m.

Iraq focused oil explorer PET yesterday hit a 147.5p high, up 13.5p, as retail punters piled in on speculation that major industry players were considering tapping in to Iraq's vast black gold potential. Traders reckon PET could announce contract news during the next month.

Enjoy

Beau

PET moving quickly this morning.Everyone buying ahead of the week end.

GSE Bid 156.75p v Offer 158.78p approx.

elmfield - 30 Aug'07 - 08:13 - 95983 of 95987


Rec express article, when you have a mark cap of over 100m then you will get real press comment from the big boys. FACT.

norman the doorman - 30 Aug'07 - 08:16 - 95988 of 95992


100,000 traded in 15 mins.. reminds me of 2004.. thinking the rocket will be launched today.. im looking for 2 on HCL and will review on contracts awarded..

elmfield - 30 Aug'07 - 08:19 - 95998 of 95999


I am notv tempted to reduce, i am sure some will but suppose it makes a market.
As my friend told me

"The real money is not made in the trading but the holding" or words to that affect!

barkerman - 30 Aug'07 - 08:38 - 96040 of 96041


2.38 now on gse=161p

Frankfurt GSE

09:25:34 2,39 5.000
09:22:05 2,38 4.000

lex1000 - 30 Aug'07 - 08:53 - 96063 of 96065 edit


Tick up^ Frankfurt GSE Offer 240

09:36:18 2,40 11.000

240=162.16p approx.

barkerman - 30 Aug'07 - 08:53 - 96064 of 96065


2.40 gse=162.41p

IEC4 - 30 Aug'07 - 08:53 - 96065 of 96065


Heading north again in germany 2.42 offer