Beach has been in an up-trend channel for over 6 months and much stronger then ASX in recent times. The SP has just broken out UP above the upper trend line.
1. Ultra high volume but narrow spread tells me the smart money are buying in on bad news, this also sets support for the price.
2. When the world markets are tanking the smart money are buying and share price does not end the day below support line.
3. The share price retested the support on lower volume which indicates supply is drying up and smart money have accumulated enough, the share price moves higher and breaks out of the channel.
All IMHO...
Last edited by Financially dependant; 10-09-2011 at 10:19 AM.
We will backflip all right, these analyists are in cloud nine.
Beach is unlocking the Cooper Basin, watch this space.!
EPS
-8.81, that means Beach has lost 88 million in the last year, shame on this mis-information.
Beach going great guns as market starting to factor in the value of ADE shale gas and csg permits.
With now over 50% of ADE Beach is in the box seat.
Might find next resistance at $1.30 but they seem to be increasing Oil revenue from the Cooper at a great rate of knots and when they get the new pipelines operational bottom line increase is anyone's guess.
It's likely many ADE shareholders will become happy Beach goers.
Beach going great guns as market starting to factor in the value of ADE shale gas and csg permits.
With now over 50% of ADE Beach is in the box seat.
Might find next resistance at $1.30 but they seem to be increasing Oil revenue from the Cooper at a great rate of knots and when they get the new pipelines operational bottom line increase is anyone's guess.
It's likely many ADE shareholders will become happy Beach goers.
I'm glad someone else appreciates Beach Rabbi! I only hope Beach gets to $2.00 a share before someone comes knocking.
Beach have a lot more going for it, so they are likely to fight a takeover and command a much higher price.
As long as world markets do not tank, Beach will soon race past $1.30 a share.
They are unlocking the Copper Basin as you know.
I bet they are peived they never collected DrillSearch in light of their recent discovers in the Cooper Basin.
The BPT PR machine is working overtime . Brokers that usually get a fee from BPT are pumping the stock with clients to good effect , and we are at a stage where good midcaps are the main plays stage . Got an email from my broker who is in the pump , saying they are targeting $2.00 per share.
Personally, I think the risk of getting burnt here is increasing the higher it goes as there is a big player hidden in a maze of stockbrokers , who has been playing around here for months . When the big exit comes , watch with amazement . The smart players will look back in the charts a few years and see what the last dump did , it was all over before anyone could exit . Just a friendly warning !
The BPT PR machine is working overtime . Brokers that usually get a fee from BPT are pumping the stock with clients to good effect , and we are at a stage where good midcaps are the main plays stage . Got an email from my broker who is in the pump , saying they are targeting $2.00 per share.
Personally, I think the risk of getting burnt here is increasing the higher it goes as there is a big player hidden in a maze of stockbrokers , who has been playing around here for months . When the big exit comes , watch with amazement . The smart players will look back in the charts a few years and see what the last dump did , it was all over before anyone could exit . Just a friendly warning !
Thanks for sharing there ELYOB, both good advice and info combined.
Cheers~!
--> Watch THRIVE 2011 a must watch Doco! --> Also watch ETHOS 2011 & share the Awareness~!
looking at the chart
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Originally Posted by Rabbi
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