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EGO - Empire Oil & Gas

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Re: EGO - Empire Oil



Hi folks,

EGO ..... figure it will be mostly negative now, until about 11082008,
when the first positive cycle in the next round should arrive ...

18072008 ... negative cycle ... finances???

29072008 ... 2 cycles & negative spotlight on EGO ...

11082008 ... minor and positive cycle

13-14082008 ... minor and positive news expected

29082008 ... 2 cycles = minor & positive light on EGO

03-05092008 ... 2 cycles to bring minor news ... ???

29092008 ... 2 positive time cycles

13-14102008 ... significant and positive cycle

24102008 ... minor and positive cycle

29-30102008 ... positive spotlight on EGO .....

07-10112008 ... significant & positive news expected here

17-18112008 ... minor and positive ... finances???

25112008 ... minor cycle

28112008 ... minor cycle

12-15122008 ... significant and negative ... finances??

16122008 ... minor and positive news expected

24-29122008 ... minor and positive light on EGO

07-08012009 ... significant and negative news expected here

More later.

have a great day

paul



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Re: EGO - Empire Oil

Trader Paul just curious as to how you can speculate dates and events. I have read some of your other prophecys and they didn't come true.
CATAPILLAR
 
Re: EGO - Empire Oil

CATAPILLAR said:
Trader Paul just curious as to how you can speculate dates and events. I have read some of your other prophecys and they didn't come true.
CATAPILLAR
Click to expand...

I was gobsmacked with Yogis call on MEO (he sniffed bad news coming) so although the dates and events are obscure, I now have more respect.
 
Re: EGO - Empire Oil

Still with Trader Paul. still curious of your method of prediction?
Too many dates and forseeing are you using crystal ball or Tarot cards or is it insider news? Don't mean to sound rude but are just curious of your method as I have some of the shares you've made predictions on and they have all been duds.
CATAPILLAR
 
Re: EGO - Empire Oil

Catapillar,

I use Fundamental Analysis for my stock picking and I get it wrong too, often its only a matter of timing, ie with enough time my faith is usually vindicated, I suspect that with enough time Yogi/Pauls predictions come through too


I think its Gann Charts or something from memory? But best to let Paul explain it

Also Catapillar EGO is going to spud Lake Macleod early August and considering it is a massive 150M Barrels of Recoverable Oil I have no doubt it will attract alot of attention which ironically enough does line up with Pauls "positive cycle"
 
Re: EGO - Empire Oil




Hi folks,

Anything is possible Catapillar and you'll never find any claim from this end,
that time cycle analysis is a stand-alone method of analysis, instead it
should be used to CONFIRM our regular TA, at ALL times.

Many traders use only half of the information available from the charts,
as their total focus relies on lagging indicators, based on the price axis.

Using time cycles to identify a date cluster is part of the work, but Gann
also recognised the true nature of the those individual cycles ... as a
consequence, by using our time cycle analysis to confirm our regular TA,
we can better appreciate traders' sentiment towards any market, at any
given TIME.

have a great day

paul

P.S. ... for the skeptix, nobody is claiming 100% success by including time
cycles in our analysis, but it can sure help to better understand,
just WHEN to hold and WHEN to exit.



=====
 
Re: EGO - Empire Oil

Wysiwyg said:
I was gobsmacked with Yogis call on MEO (he sniffed bad news coming) so although the dates and events are obscure, I now have more respect.
Click to expand...


Enough random predictions will result in a % of dramatic hits like on MEO (as well as an equal amount of dramatic misses). Remembering the hits and forgetting all the misses is what leads some people to think "hey maybe financial astrology works."
Just remember that not one of the 4 predictions for the last 30 days on this stock came true. Which is bad even for random predictions. I know you will still weigh that one hit on MEO over the 4 bad calls on EGO because that's what you're focussing on but whatever, not really going to convince anyone of anything.

Here's a prediction: of the 18 astrological predictions made at the top of this thread, some will be good and some will be bad, just like a dartboard, however in 6 months not one person here is going to go back over the predictions and see that he was as wrong as he was right, and someone will bump the one prediction out of the 18 that hit the nail on the head and everyone will go "wow". No one will point out the one stunningly bad prediction and bother to post about it. It's basic probability combined with selection bias. Not sure why so many people good with numbers don't notice this.

*shrugs* not a flame on Paul. Everyone keep believing what they want.
 
Re: EGO - Empire Oil

prawn_86 said:
I dont know anything about the fundamanetals of this stock, but it has a history of pump and dump.

Look what happen last time they ran up quickly. I know it gets a lot of attention from other forums so be very careful.
Click to expand...

Those buying back in mid june when i posted this have been burnt slightly.

Again, im am wary of this stock, although i know very little about it, apart from its price history.

Just be careful is all im saying
 
Re: EGO - Empire Oil

good rally on these guys today, although i'm not as confident as i was back when i bought and are thinking of off loading towards the end of the week. I bought in at 2.5c each and may offload if/when they get back to that.

the daily reports indicate to me that drilling is easier than expected, hopefully the coming days will continue this way and they get ahead of time schedule again and the sp acts accordingly.

any thoughts on my above comments?
 
Re: EGO - Empire Oil


Hi Bowser,
The deeper the bit gets the higher the risk! Looks like they are powering through at the moment. We are approaching 'D' ecision day very quickly. Obviously possibilities are - they hit or they miss. If they hit holders will be very pleased with themselves. A miss and the remorse will be palpable. Although it will be interesting to see how far they fall given LM is coming up. In my view if it gets dumped in the same manner as it did when moriary turned up dry then that spells opportunity for an entry for the LM action. I'll be watching very closely!

Prawn gave some advice a while back about being careful - now is the time to tread very lightly. Make sure you have a stop loss in place in case they miss. It can also be sensible to have a rising sell in place at a stretch price. With the interest EGO has generated, if they hit anything it will be over bought before the profit taking starts and sends the price back down.


Good Luck EGOers - but be careful out there....
 
Re: EGO - Empire Oil

i currently have a stop in place, currently set at 1.5 cents, do you think this is a good price for the stop? is there a rough guide to how low to set a stop?
I have not had much success with stops before and have set them too close to the trading price and sold too early in some cases. judging i bought them at 2.5c
 
Re: EGO - Empire Oil




Hi folks,

EGO ..... ticking up, ahead of SF reaching TD ..... figure we'll
be hearing about the P&A around 29072008, when 2 negative
cycles are due to slot into place ... will be taking profits before then ...

have a great day

paul



=====
 
Re: EGO - Empire Oil


I think that's a bit low bowser - but each to his own. I'd expect the price to sit around 2.3 to 2.5 as we approach TD. If the miss it will fall back quite quickly and probably down to the level of your stop - given the imminent start for LM I don't thnk it will go much further than 1.5 - maybe 1.3 at a stretch. You might be stopping yourself out at the lowest point for the short term. I'd review your stop the day before you expect TD to be reached, use a tolerance of 15 - 20% for your stop. If it falls that much you'd expect that it would be due to a dry well. Remember that the markets leak so some will know the result of the drill before the market does so watch volume and price moves around TD as well.

Played correctly you can reduce your risk on these speccies to satisfactory levels - this is definitely not a set and forget share, watch it closely and be ready to act fast!
 
Re: EGO - Empire Oil

not good at all, I had a gut feeling telling me to sell up in the morning and i should have listened i think. Looks like some resistance at 16-17c....hopefully
 
Re: EGO - Empire Oil

so the hydrocarbon thing means no oil??? were they banking on this project to be the big earner? or have they got others in the pipeline so to speak?
 
Re: EGO - Empire Oil

Yep..here comes the dump!utthedoor:

Buyers all but disappeared after that ann.

Guess this will see how much people think Lake Mcloud is worth regarding how low the price drops.

I'll place a small buy in at .01c incase the DOW has a shocker night or some other disaster strikes
 
Re: EGO - Empire Oil

yeah not a good day, i wasn't near my pc when the bad news came through. Thinking they will drop a little more tomorrow but not too much more....hopefully. Have my stop at 1.5c and i hope it stays above that till the LM drilling starts.

what are my chances of this or should i get out before it really dumps?
 
Re: EGO - Empire Oil


id say jsut stick to your system thats uve got regarding stop loss and dont get emotional about it, but im a beginner so maby dont listen to me
 
Re: EGO - Empire Oil


Seriously do not follow this advice:

There is essentially no chance of it hitting 1c in the very short term so there is no need to set a stop that low, you're basically going to sell on the low and lock in your losses if it's unlucky enough to bob down in the 1.4-1.5 range temporarily.
I'd consider 1.5 a danger zone for your current stop and remove immediately.
Instead of stopping out, buy a larger than initial amount if it reaches 1.5 (or divide in 2 and average down incase it dips to ~1.2-1.3) and sell in a few weeks at 1.8-2.0 on hype and unabashed ramping about Lake MacLeod and Stoke's Bay.

That said it may never even see below 1.6-1.7 with LM and SB so close and many holders no doubt going to hope for another roll of the dice. The last two dusters have seen a following day or so of falls after the initial crash. It remains to be seen whether this will be the case here.
 
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