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CTP - Central Petroleum

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Hi outtoosoon,

you got your .135 alright all 700,000 in one hit if you wanted but in saying that i'm on the side that( optimist ) things will be better hopfully next week imo . Market was down across the board and the analist on that pay tv show
stating that their is more gas comming on line soon Gorgan gas field etc etc
which will flood the market ( lots of product re ratio to paying customers) the price could come down on gas and dmor found some sustance. anyway i'm out and pardon the pun it might be "too soon " good luck to holders
 
you got to be in it to win it .. the upside hasnt moved away from ctp at all it is just a waiting game at the moment and the wait may not be to long now ..
to get out now is like quiting the team before the superbowl because the odds arent on us..
 
Bugger. CTP just tripped my stop at 11c. Bit gutted, as I'd forgotten I had a stop set and would have liked to hold on.

Don't know why the sudden drop though?
 
announcement out last night .. people are dumping cause the mention 1m of coal.. this is not the last hole and without the other results doesnt mean f'all in determining how much coal there is or which way it runs / where.. need the rest of the results to get the real picture.. fingers crossed we get something soon though cause I hate looking at red on my biggest holding.. Will look to get some more options though if I can round 6c ..
 

I figured it must have been that. I read the report, not knowing much about coal seams, but figured 1m was pretty lousy.

When you say 6c options, do you mean you have a previous option form the company to buy in at 6c, or re you expecting them to fall to 6c? (sorry - newbie).

Not sure when to by back in myself, by in now for what they tripped at 11c or wait and see if they drop a little more. The trouble is, if I wait they might not drop any more then if I want to buy back in I'll be looking at 14c again.

If there were prizes for buying at a peak and selling at a low, I'd be world champion.

I think I am going to can my trailing stops though, they are costing me a fortune! I am new to share dealing and generally flowing a tip sheet at the moment but my stakes are small in each case. It makes it more costly to trip on several stops than hold through them and maybe lose one or two holdings completely.

It's really frustrating seeing your shares trip, just to see them come back to the original buy-in levels within hours, then climb. Psychologically, once it's tripped it really difficult to decide to buy in again, cementing that tripped loss.

I have a lot to learn.

Cheers.
 
Same problem here.. my stop loss kicked in at 0.11 ! do I buy back in or not.. depends if I am up for a gamble or not I guess !!
 
Its a gamble.. more holes to be dug.. we know there will be coal but how much!? If its good its going to be really good and if its bad its going to be awful.. i think today was hit hard due to the announcement and market sentiment / fear as a hole..

I am sticking with it .. currently I am substanially down but I think it will come up with the goods and at the risk of loosing a big chunk .. The key here is that I feel like I should sell like the rest of the market which means on my track record I should be buying .. if xao falls down past 4300 then i will start to sht myself !
 

Hey adobee if its any consolation when it nears 4320 i'll post you out a 6 pack of toilet paper :topic you'll need the extra for bmy :horse::flush::flush:
 
bit of a roller coaster last couple of weeks.. good too see some other people are still buying and expecting the best .. options are good to 2014 .. I will wait for the news .. this is my long term money ..



Off topic..
BMY still a dog.. moving my short term monies into ADI .. so watch out ADI holders and expect the worst !
 

Hi Adobee

Could you please enlighten why you made reference to ADI in the CTP thread, its correlation and a bit sharing of your thoughts backed by fact and data, if you indicated the shareholders holding ADI, BMY, or CTP will have worst time.


.
 
Think it's tongue-in-cheek mate. No need for concern.

Ignore the rest of this post
Typing to reach the One hundred character limit.
 

Sorry for the concern Miner.. Not trying to alarm you .. Stating that I am buying some more ADI shares which I think are looking very good at the moment but the majority of stock I have been buying of late tanks once I get in.. (Tongue in Cheek)..

That being said at last some good news out of CTP today and some huge targets being mentioned.. As per usual with this one it is a waiting game for some results before we see any upside.
 
luap77 said:
Think it's tongue-in-cheek mate. No need for concern.

Ignore the rest of this post
Typing to reach the One hundred character limit.
Click to expand...



Thanks guys.

I think my sense of humour (Head) is getting lesser and lesser with the cover thick of mud and dirt in mines.

I need some serious gas flow and oil to clean the dirt now (and money to buy the gas and oil too).

ADI jumped up today significantly and so CTP with good volume. But index is volatile so let us see what happens end of the day.'
 



Hi folks,

CTP ..... price up and volume up, as we approach the next significant and
positive time cycle, early next week ... see post above .....

have a great weekend all

paul



=====
 
Trader Paul said:


Hi folks,

CTP ..... price up and volume up, as we approach the next significant and
positive time cycle, early next week ... see post above .....

have a great weekend all

paul



=====
Click to expand...

hopefully you were a week off on your predictions and we will see a positive cycle next week.. cause this week has been a dog .. Perhaps a great entry point for any new comers out there though .. its always just one announcement away ..
 
wow .. nothings changes since two months ago apart from being closer to some possible great drilling results (or not so great) .. but many are loosing there nerve and dumping .. Its tearing me apart but at this stage I am staying on the horse .. the only change from my attitude a month ago is that the results could be on a couple of days to a couple of weeks .. no much more waiting to boom time or doom time. .. those selling sub 10c ??!?! no nerve or what .. those buying there shares thumbs up ..
 
I'm holding on too ...

Haven't got a huge amount invested here to willing to wait it out and see what happens ...
 
Trader Paul said:


Hi folks,

CTP ..... price up and volume up, as we approach the next significant and
positive time cycle, early next week ... see post above .....

have a great weekend all

paul



=====
Click to expand...

Well done Trader Paul,. Three announcements have come into my mail box showing lots of positivity. One that wasn`t part of the ASX announcements was from John Heugh pertaining to Alberta, Canada being the site of a $30M. experiment to turn underground coal into syngas.

Even though it`s a year old, it was written by Gina Teel, of The Calgary Herald, dated March 17, 2009.

I shall work to learn how to send links, however I`m sure the sleuths will track this one down.

By the way T.P. is it like a company natal chart, where the D.O.B is the listing date from whence you get your `predictions`?
 
Some good news starting to flow now for CTP - wirelines have come back showing 130m of coal intersected from the most recent drilling.

I like the targets for the rest of the year and would love to see a discovery in the 5b barrels target. Once we get closer to spud dates for these targets we'll see some good appreciation.

Smart money would be getting in at these low prices with an aim to get to a free carried position by the time the drilling starts. Could you imagine holding these when a 5b barrel discovery is made?? Nice.

I'm holding options at around 7c average.
 
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