stx Strike Oil

[scorp57]

Yeh it against my strategy market-wise, but I have been watching STX for ages, and thought today was time to pounce.

Feel very comfortable holding, and looking fwd to geting more!

[evilroyrule]

geez you knw scorp im kinda wondering if i was too early. im also wondering if i shld have taken my mone off the table and gone and built some houses for a while. still, looks like a correction to me (just not too deep i hope!) given its really come on the back of no really bad news.

[Dusty]

STX looks way oversold to me, Bateman was plugged but with two futher wells due to spud in feb, the 30bcf Louise project due to commence drilling in the next few days I am going try get in at 24.5
2010 will be a stockpickers year and STX looks like a high quality small cap to me

[shasta]

STX looks way oversold to me, Bateman was plugged but with two futher wells due to spud in feb, the 30bcf Louise project due to commence drilling in the next few days I am going try get in at 24.5
2010 will be a stockpickers year and STX looks like a high quality small cap to me

Yup you're bang on, very oversold, last time it got this low the SP bounced from 18c to 30c quite quickly.

PS, Notice the volume spike?

[STRAT]

I bought some of these a few days back @ 27.5 and decided to ignore my stop loss when it gapped down yesterday.

Hi Shasta.
A bit of TA there

Not sure I would trust the DB chart. I dont show it there yet

[shasta]

I bought some of these a few days back @ 27.5 and decided to ignore my stop loss when it gapped down yesterday.

Hi Shasta.
A bit of TA there

Not sure I would trust the DB chart. I dont show it there yet

Strat

Could you please add volume to your charts

DB charts aren't that accurate, but the general gist is the same!

[STRAT]

Strat

Could you please add volume to your charts

DB charts aren't that accurate, but the general gist is the same!

here you go

[shasta]

here you go

Cheers for that.

Dumb question, what are the dots on the chart?

[STRAT]

Cheers for that.

Dumb question, what are the dots on the chart?

Not dumb at all. I dont have coloured volume like P so I mark significant up days with a dot. Notice yseterday is the first significant down day volume wise in quite a while. A bit of a worry but Im glad I pulled my stop loss yesterday as STX seems to have bounced today. Tomorrow may be a different story

[shasta]

Not dumb at all. I dont have coloured volume like P so I mark significant up days with a dot

Thanks again

The fundamentals stack up for STX, so i'm following the TA closely on it