Been following buy, but missed the boat, was going to buy, BUY on friday when it open at 7 cents, decided against it.
Do'h!!!!!!!
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I mentioned this stock at the last chch sharetraders meeting, for its Sydney Basin potential...
Oiler had a list of all the ASX oil stocks from Stock Analysis, by Peter Strachan...
He looked it up straight away and he read it out...
It said,
AVOID, SELL...
nothing more was said...
I mentioned it a few times around but never followed it up...
I feel abit dissapointed...
great run...
nice for all involved...
:cool:
.^sc
anyone prepared to state where they see this run going then out of interest? im not in it and no funds even if i wanted!
The stock is full of hype promoted from Bull-boards , and especially the company in presentations . Full of false momentum . It ranged wide today 12-17.5c , on huge volume of 160m t/o. Finish 13.5c . The end of the day not firing well . Traders will move on as not much to carry this on as the truth dawns . A rig ann is not likely as that is not easy as they all think . Dont expect anything on the rig scene till well into next year but if they want to put up big money , it can happen tomorrow . And that annASX S708 capital raising today at 5c has just got to add to the bad taste in the mouth.
Interest will wane and lower price will be see I expect . [7c by quarterly Report time is my feel]
dyor
Agreed ELYOB, Warning bells all over the joint.
The game of Hot Potatoe is drawing to a close and now counting on the co's big Maybe, Just maybe, or the big IF we hit type sell to market.
No wonder the ASX will be put on the sidelines next year for ASIC to take over as the conflict of interest with sophisticated mates and insto's cleaning up for so long.
What a joke although very interesting to witness.
All I can say is glad I never played, but Congrats to those who bought early and got out to make heaps, but sheez, what a scam with todays ann.
Thanks, chaps. Glad I asked about this. Seems a good one to leave alone - at least at this stage.
Heres that thread you were lookin for Shrewdy