Australian (ASX) Stock Market Forum

EKA - Eureka Energy

Good to see that sellers at 44.5c are being taken out reducing the sellers to 17 all up and buyers at 47.
Onwards and upwards :D
 
Did they get pulled or bought ??? at 44.5

What do people think market just really likes EKA now or someone taking a big position.. I guess we will have to see a change of interest notice at some point if there is but I get the feeling someone is buying up ..
 
Did they get pulled or bought ??? at 44.5

What do people think market just really likes EKA now or someone taking a big position.. I guess we will have to see a change of interest notice at some point if there is but I get the feeling someone is buying up ..

I'm thinking that AUT has had such a fast run that some people are giving it a rest or softening their positions while getting on board EKA which seemed overdue for its run?
It its something more I guess we'll see an announcement soon, either way I'm happy to be holding right now :)
 
Good to see that sellers at 44.5c are being taken out reducing the sellers to 17 all up and buyers at 47.
Onwards and upwards :D
Its at 43.5 at the moment with the occasional upswing but dropping back again.
Im waiting to get in but not at this price!!

Update it hasnt traded for 45minutes. What does that mean?
 
Did they get pulled or bought ??? at 44.5

They were all bought, check the course of sales. They went through about 11.58am. It was a pretty huge chunk of EKA someone bought. Nice to see a new 52 week high today.
 
Not sure if its been mentioned already..
Got a letter from EKA today with a copy of the Patersons Research coverage ..
They have initiated a Buy 20th January 2011 with target $0.53c .. nice little report ..
Expect a copy would have been received by all share holders..
 
Not sure if its been mentioned already..
Got a letter from EKA today with a copy of the Patersons Research coverage ..
They have initiated a Buy 20th January 2011 with target $0.53c .. nice little report ..
Expect a copy would have been received by all share holders..

I suppose they got the NSW metro before Victoria. I know a few Victorian (Melbourne and Kinglake) holders who didn't get one today. I'll keep an eye on the mail box :)
 
Taken a breather from EKA with exit at 43c
need monies to take up avi.. else would have kept holding but also think it could sit around 43-44c for a little while now..

With regard to the exploration acregage, 765 acres in the Fayette County I am trying to find out who is drilling in this area or about to start and what success they are having.. ??

this seems to be a list of the operators..
http://mshaletaskforce.org/uploads/Operators_in_Fayette_County.pdf

also just came across this blog i havent seen before may be of interest to some people ..
http://eaglefordshaleblog.com/discussion-area/?vasthtmlaction=viewtopic&t=25.0
 
Adobee,
I didn't know you owned land in fayette county? It is probably just a coincidence but when I followed the link there was a question similar to yours from a landowner that has only made 1 post? I know it doesn't matter but find it funny how resourcefull we can be when required! It also disarms the punters I suppose if you are on the same side of the fence as them.:eek: So is there a thread in here for avalon?
no offence intended just an observation
 
haha i dont own land in Fayette county unfortunately.. wish i did...
must be a co-incidence as i havent posted on those sites but just been googling for some info on this area and who has started exploration there already. ..
 
Hey Adobee, i have been looking on trrc website for drilling applications and current/recent drilled wells. do you happen to have a pinpoint/rough idea on where abouts eka have bought.. the countys not easy to search would be good if there was an exact location of this land as i am not far off finding info..
 
i bet those who trade with trailing stop losses dont feel real trick on EKA this morning, it was a classic case of the intelligent traders poaching the tricky traders.

Guess who won.

But damn i missed it by a few minutes.
 
i bet those who trade with trailing stop losses dont feel real trick on EKA this morning, it was a classic case of the intelligent traders poaching the tricky traders.

Guess who won.

But damn i missed it by a few minutes.

Dead right there CD,

I sent an email to a friend of mine just after the 10% push down after the open, with the subject matter being "looks like tree shaking" ..... Not a lot of branches fell off the tree though ;)

"Real" sellers may be thinning out, and either somebody doesn't quite have as much stock as they prefer ..... or they just want to clear out the remaining sellers at the immediate price levels before they bump this up ...... looking interesting:D
 
I bought this stock yesterday at 40c, one day to early - D'oh, could of had it for 32c today but back up so breathing a sigh of relief. Market depth can be a blessing and a curse, I think it is used to manipulate daily prices in a big way. Big sell orders came in just before open to scare nervous holders into selling (nearly paniced and sold myself !) they think it is going to fall off a cliff so get out while they can. Then, as if by magic, the buyers re appear to bottom feed and price goes up. Oh well, seems ruthless but just business i guess.
 
D'oh, could of had it for 32c today but back up so breathing a sigh of relief. Market depth can be a blessing and a curse, I think it is used to manipulate daily prices in a big way.

Did you see how long that 32c lasted? One second, wasn't it? Whoever made that buy really got lucky.
 
breaker, the market depth on the buy side was very weak, and hence not THAT much volume was required for the price to get so long, as the sell orders kept hitting lower and lower buy orders.

I'm not sure if more buyers came on the scene as the price got lower (I wasn't spectating at the time), but I did notice there being more buyers as the day rolled on.
 
Top