NZ Oil & Gas (NZO)

[sideline]

I don't think so - if holding/leveraging only NZO then selling part below 1.50 wont help at all - it will infact be counterproductive.

Exactly, by depressing the price it will simply trigger the next margin call.

[Chalice]

Exactly, by depressing the price it will simply trigger the next margin call.

I should have actually stated "selling below buffer margin price would be counterproductive" as it would actually increase your leverage i.e. 5% buffer = 142.5 so selling at 142 would actually require further cash rather as any selldown would further increase leverage.

[pietrade]

I'm sure that there's a multitude of reasons for people to sell but one could choose to be pro-active and quit a parcel somewhat ahead of a margin call, thus providing an increased buffer, as well as funds for a possible buy-back. Just speculating -----

[Rabbi]

My advice is be watching from the sidelines, looking to buy back in again when NZO has stopped falling and started to rise again. In the meantime, "staunch" holders are giving their profits back to the market.

Thanks for the charts and the delineation of TA Phaedras.

To be honest I didn't have a good enough look at the volume, and accept that you must be right as you are analyzing the situation day by day. I am aware that a stock can come under "distribution", as punters get out "en masse" when sentiment turns sour.

Personally, I prefer to weather the storm, but in saying that, I agree there are opportunities for those that sold early to re-enter when market sentiment turns.

[AMR]

Personally, I prefer to weather the storm, but in saying that, I agree there are opportunities for those that sold early to re-enter when market sentiment turns.

I was planning to do the same until I saw the US dollar and realised that it was one and the same move. To hold oil now is to fight Ben Bernanke and his anti-inflation efforts...and Ben is a tough fellow.

Looking at those ozzie oilers with greed, the POO doesn't need to be $130, it can be $100 and they will still do great. It just has to stop falling.

[Crypto Crude]

hahaa...
hey mackdunk, phaedrus...
I can see almost every aussie oiler is falling, apart from one...
later you cats...

.^sc

[argonaut]

Yep Shrewdie - good old RRS lol

[Crypto Crude]

That company does not count...
Range principal activities, "taker of money"...
company activities involve hiding money so shareholders never see it again...

.^sc

[Chalice]

I'm sure that there's a multitude of reasons for people to sell but one could choose to be pro-active and quit a parcel somewhat ahead of a margin call, thus providing an increased buffer, as well as funds for a possible buy-back. Just speculating -----

Yeah. good call mate.

[Dr_Who]

Hedge funds and short traders are having an impact on all oilers and commodity stocks, including NZO and PRC. Sentiment has taken over fundamentals.