BPT announcement on the 24/04 looks promising.
3810m deep exploration well with a 1km thick section saturated with gas.
Like most things in the market its a 2 edged sword.
Good thing cos they need the money to fund their ambitious plans, including the biggest known Shale Gas resource in the southern Hemisphere.
Bad cos the holders have to cough up money or get diluted..and with the note issue we still get a little diluted even if we take up all our rights/shares.
Personally my small Beach holding cost me 68 cents a share so its a bit of an average up for me and i hate averaging up, but will get a warm fuzzy feeling cos i know BPT will be putting my money to good use.
I was temped at $1.30 and then again at $1.20 then got very very interested last week at $1.05 and today just couldnt help myself...i mean who could pass up an entry at a 32% discount to the cap raising of just 3 months agoi know i cant....so im in today for my second bite of the Beach Cherry at $0.95.
I expect this in GFC condition(s) could easily see 61c ...... think I am joking ...... well lets see.
The BPT is over-rated . Simple . Shale is one large gamble .
.i win at gambling by buying when everyone else is selling (like the last time i brought BPT at 68c) and then waiting till everyone is buying... ridiculously simple but seems to work for me.
im in today for my second bite of the Beach Cherry at $0.95.
I completed this trade today with an exit at $1.10 for a profit of 14.45% holding for only 4 days
Exquisite timing. Good stuff.
This rally will probably start to fizzle by lunch time tomorrow in my random guess of the day.
Turns out your random guess of the day was about as Exquisite as my timingi sold at the top of the last run up and the next day the down turn began...Anyway lets keep it going, in today with my Super fund (super fund trade #5) at today's low of $0.88 surely there's no chance ill be out with another double figure profit in less than a week. :dunno: be nice though.
Very close to it Cynical but whats your exit this time?
I just placed a sell order @ $1.05 i would kick my self if the price fell back and i was still in the trade so i thought i better set a realistic sell target....very keen to keep the momentum going in my super fund after almost 13 months with zero action.
Interesting i would have thought more around the $1.09 going by the charts. It does look as if it's in an uptrend for now. I bought in at .96c
Interesting i would have thought more around the $1.09 going by the charts. It does look as if it's in an uptrend for now. I bought in at .96c
(27th-June-2012) Anyway lets keep it going, in today with my Super fund (super fund trade #5) at today's low of $0.88surely there's no chance ill be out with another double figure profit in less than a week. :dunno: be nice though.
Very close to it Cynical but whats your exit this time?
(4th-July-2012) I just placed a sell order @ $1.05 i would kick my self if the price fell back and i was still in the trade so i thought i better set a realistic sell target....very keen to keep the momentum going in my super fund after almost 13 months with zero action.
Interesting i would have thought more around the $1.09 going by the charts. It does look as if it's in an uptrend for now. I bought in at .96c
From a chartists point of view does BPT look as if it's trending up?
And if that is the case and it breaks it's resistance of $1.10 where would the next resistance level be? $1.10 being it's new support level? $1.00 being it's old?
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