I'm out as of today. My trade was poorly executed from day one.
Delays + Oil prices falling back to $100 + Demand destruction (temporary) + Bear markets = Scared investors!
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I'm out as of today. My trade was poorly executed from day one.
Delays + Oil prices falling back to $100 + Demand destruction (temporary) + Bear markets = Scared investors!
Must have been yours I bought today AMR, delays can be frustrating, oil at $100 is just fine, actually sold some NZO last week that I bought for $1.05 to do it.
SELECTDATE SENTBUY/SELLQUANTITYSTOCKEXCHANGEPRICESTATUShttps://ost.asbbank.co.nz/images/spacer.gif18/07/2008Buy 30000 OEL ASX $0.34 Order Traded
My gosh they probably were mine, I'll be asking for them back later ;) , the company has great fundamentals. Maybe you should have put your AZA into it instead of your NZO, AZA's management think their stock is only worth 1.50.
Yea, my TA told me to sell way earlier as well. Unfortunately I moved my stop backwards four times and ended up getting CHOPPED. Had I followed my rules, I would have broken even or made a slight gain. Guess that's falling in love with a stock aye?
That's a useful chart AA.
Can people pull charts like this off the net, or are they available by subscription only?
www.incrediblecharts.com
Costs $12 a month, but it's a great programme for medium term traders.
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Hey AMF that's where we differ, charts are not for me, I'd rather read the clouds.
The main reason OEL has plunged is they have failed to deliver on time.
U either believe they have the oil or do not, one lousy cyclone which by the way cost quite a few lives, changed the time frame.
From what I read they throttled back the orginal flow testing, which indicated, like Tui, huge upside potential.
All will be revealed soon and as long as oil does not go below $100 a barrel, sweet :)
AMR, AA....cheers
I'll have a squiz over the weekend. ;)
Tricha
If Galoc flows at 17,500bopd or better, then OEL will fly past 50c...
If it fails to reach this flow rate (& i see no reason why it won't), then it will head back into the 20's.
I'm still bullish on OEL, but in at 32c & out at 48c, was a smart move with AED's failure still playing on my mind. (Even though i've never held AED!).
Smart move Shasta, I got 20% out at 46 cents, should have been 40%, had a pc glitch :mad:
But then when u think about it, I got out of ADY at 26 cents :eek: big loss, and ADY could still go bust and URA, I deemed far to much soverign risk.
Nothing like a round or two in the scary market :D