EGO - Empire Oil & Gas
- Thread starter krisbarry
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Re: EGO - Empire Oil
Me too, it's hard to predict with share prices. They have 2 yrs worth of projects. 1st one a few months back didnt find anything.
The current one seems to be getting alot of interest lately so theres a high possibility of success.
So short term and long term looks good imo.
Goodluck
Me too, it's hard to predict with share prices. They have 2 yrs worth of projects. 1st one a few months back didnt find anything.
The current one seems to be getting alot of interest lately so theres a high possibility of success.
So short term and long term looks good imo.
Goodluck
doctorj
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Re: EGO - Empire Oil
People can talk up the participants in Stokes Bay/Valentine 1 all they want and that doesn't make the chance of finding commercial hydrocarbons any more likely.
The Stokes Bay well is an appraisal well making it more likely (than Valentine which, incidently, is the far larger of the two), but that's because it's a step out from the Pt Torment discovery...
Non sequitur.
People can talk up the participants in Stokes Bay/Valentine 1 all they want and that doesn't make the chance of finding commercial hydrocarbons any more likely.
The Stokes Bay well is an appraisal well making it more likely (than Valentine which, incidently, is the far larger of the two), but that's because it's a step out from the Pt Torment discovery...
doctorj
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Re: EGO - Empire Oil
For those holding through the drill, the listed parties to the JV just announced the drill was about half way to target depth and tracking on schedule.
For those holding through the drill, the listed parties to the JV just announced the drill was about half way to target depth and tracking on schedule.
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Re: EGO - Empire Oil
Thank you the good doctor, bit late for this months stock tipping results though! I hold with the rest of us patiently waiting.
Thank you the good doctor, bit late for this months stock tipping results though! I hold with the rest of us patiently waiting.
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Re: EGO - Empire Oil
May have shot myself in the foot.
Looked into EGO then all too quickly hit the buy button at 3.4cents yesterday.
Dropped 14% or so by close today
but I think if I stand my ground can profit once gas ann is released. Hope it`s very soon, I think it will be.
May have shot myself in the foot.
Looked into EGO then all too quickly hit the buy button at 3.4cents yesterday.
Dropped 14% or so by close today
but I think if I stand my ground can profit once gas ann is released. Hope it`s very soon, I think it will be.
Re: EGO - Empire Oil
Agreed, tomorrow should be fairly healthy.
Buy side looks substantial, and the best it's looked in a week for this time of night..
Late ann would have stopped the majority of any action today.. I actually ignored the ann as I thought it related to the presentations everyone putting out!!
Agreed, tomorrow should be fairly healthy.
Buy side looks substantial, and the best it's looked in a week for this time of night..
Late ann would have stopped the majority of any action today.. I actually ignored the ann as I thought it related to the presentations everyone putting out!!
tech/a
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Re: EGO - Empire Oil
Trading this short term (technically) myself using VSA software.
Happy to post some price action type charts if any interest.
Trading this short term (technically) myself using VSA software.
Happy to post some price action type charts if any interest.
Re: EGO - Empire Oil
Always happy to see charts being posted so yes please if you would oblige by postinf a chart or 2. Can I ask what or who is VSA software?
Always happy to see charts being posted so yes please if you would oblige by postinf a chart or 2. Can I ask what or who is VSA software?
Re: EGO - Empire Oil
yes please tech/a always like to see how you trade and hope to learn something.
i got in yesterday on the reversal and out just now, t+1 trade for me but i still hold some from last week so i need to see some more up in the price to make profits on that.
cheers (hope the nockers dont get involved in this thread like last time you tried to show your work)
yes please tech/a always like to see how you trade and hope to learn something.
i got in yesterday on the reversal and out just now, t+1 trade for me but i still hold some from last week so i need to see some more up in the price to make profits on that.
cheers (hope the nockers dont get involved in this thread like last time you tried to show your work)
rub92me
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Re: EGO - Empire Oil
:
A read through this thread and the EMR thread will give you the answers re pending announcements. If you trade it short term and you lose 30-50 % in a week, that's when you start calling it a long term investment
:
tech/a
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Re: EGO - Empire Oil
Why would you allow yourself to lose 30-50% of your position?
Speaking for myself on this one,If it does nothing in the not to distant future then I'm out.
If it trades at .020 I'm also out.
Other than that I will be trading this by a 60 min chart using Tradeguiders in house trailing stop mechanisms.
I'll be keeping an eye on the 15 min timeframe as well.
Tradeguider is Volume Spread Analysis software.There are lengthy threads on it over at "The Chartist" if interested.
I'll post shorter term charts from the office tommorow.
Below is the EOD chart. Showing a shake out alert and excellent volume over 2 days.Not ultra heavy but enough to suggest that demand is taking supply.
This is where I decided to take the initial trade.Averaged at .026.
The second thing I do is get an idea where the trade is in relation to its price action.
Is it in a down trend---Yes
Is it in a corrective move which is possibly ending---Possible but not conclusively---Yes.
What is its upside potential---I put this IF all pans out at potentially around 7c.
For this I consult Elliott wave.While reading the very volatile smalls is notoriously in accurate,I think this count makes sence in an Elliott wave count.Many dont,If it didnt I would discard it.
Currently we need the bottom of wave "C" to remain intact for this to be a complete 3 wave corrective move.
Anyway wont bore people with analysis as I know most are fundies.
Here is the EOD Aget (Elliott Wave chart)
This is NOT to be interpreted as advice.
Only opinion of my analysis using technical software.
I am Not a licienced advisor,I'm a builder.
Why would you allow yourself to lose 30-50% of your position?
Speaking for myself on this one,If it does nothing in the not to distant future then I'm out.
If it trades at .020 I'm also out.
Other than that I will be trading this by a 60 min chart using Tradeguiders in house trailing stop mechanisms.
I'll be keeping an eye on the 15 min timeframe as well.
Tradeguider is Volume Spread Analysis software.There are lengthy threads on it over at "The Chartist" if interested.
I'll post shorter term charts from the office tommorow.
Below is the EOD chart. Showing a shake out alert and excellent volume over 2 days.Not ultra heavy but enough to suggest that demand is taking supply.
This is where I decided to take the initial trade.Averaged at .026.
The second thing I do is get an idea where the trade is in relation to its price action.
Is it in a down trend---Yes
Is it in a corrective move which is possibly ending---Possible but not conclusively---Yes.
What is its upside potential---I put this IF all pans out at potentially around 7c.
For this I consult Elliott wave.While reading the very volatile smalls is notoriously in accurate,I think this count makes sence in an Elliott wave count.Many dont,If it didnt I would discard it.
Currently we need the bottom of wave "C" to remain intact for this to be a complete 3 wave corrective move.
Anyway wont bore people with analysis as I know most are fundies.
Here is the EOD Aget (Elliott Wave chart)
This is NOT to be interpreted as advice.
Only opinion of my analysis using technical software.
I am Not a licienced advisor,I'm a builder.
Re: EGO - Empire Oil
There is some anticipation on this stock, results due next week (??). All signs are good, but confirmation will send this skyward, again..
It's your cash, but maybe sell a portion, and keep the remainder - that's what I've done!!.. best of both worlds
In fact, I bought 800k shares at 2.3c yesterday. And the problem is am hesitating if I should sell these shares to gain $4k or hold it for a potential huge profit.
So I need some advices from u guys professional.
There is some anticipation on this stock, results due next week (??). All signs are good, but confirmation will send this skyward, again..
It's your cash, but maybe sell a portion, and keep the remainder - that's what I've done!!.. best of both worlds
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Re: EGO - Empire Oil
Thanks Tech for the efforts and charts. As a holder and a relative newbie this helps my learning as I continue to watch for it to unravel in time.
Thanks Tech for the efforts and charts. As a holder and a relative newbie this helps my learning as I continue to watch for it to unravel in time.
Re: EGO - Empire Oil
Why do you say that? To me the weak close is showing the opposite. I too was wanting the ann will give it a kick but there was a lack of demand so sellers drove the price down. The momentum the day before may be due to insiders expecting an ann. We will see tomorrow.
edit: oh, there is one more ann out. oops, please disregard my comment. Thoughts on the ann?
Why do you say that? To me the weak close is showing the opposite. I too was wanting the ann will give it a kick but there was a lack of demand so sellers drove the price down. The momentum the day before may be due to insiders expecting an ann. We will see tomorrow.
edit: oh, there is one more ann out. oops, please disregard my comment. Thoughts on the ann?
