It was only greed that saved me Sushi, I bailed in the $1.70's when it retreated from $1.80 - I have chicken knees.
This current downturn has been going for 9 trading days now, below is the % drop of the oil stocks I follow which shows Arc fairing a little better than the average share:
AED Oil -19.0
Amadeus Energy -8.9
ARC Energy Limited -7.9
Australian Worldwide -7.3
Anzon Australia Ltd -1.9
Antares Energy Ltd -24.4
Beach Petroleum -10.8
CUE Energy Resource -1.0
Carnavon Petroleum -17.9
Horizon Oil -10.1
Karoon Oil & Gas -1.6
Mosaic Oil NL -7.8
Nido Petroleum -10.7
Northwest Energy -15.9
Nexus Energy Limited -3.5
Oil Search Ltd -6.3
Otto Energy -11.2
Pan Pacific Petroleum -16.4
Petsec Energy -6.6
ROC Oil Company -7.9
Range Resources -6.1
Santos Ltd -6.3
Tap Oil Limited 3.3
Woodside Petroleum -3.2
Is it a good idea to sell now and pick them up lower when the crisis has abated?
For:
- No sign of crisis ending as yet
- Guaranteed to preserve your capital vs uncertainty
Against:
- Drilling to start in a couple of weeks, major targets
- Oil is steady, down 1.5% over last 9 days
- No real logic in Mortgage crisis affecting energy stocks
- Recovery in sectors not affected by mortgage crisis could be fast and furious when it occurs
- Bargain hunting could be imminant
- USA market dumped for the weekend, could easily bounce overnight if no further bad news.
- I believe most bull market corrections last a couple of weeks which means this might be near the end IF it is ONLY a correction and who knows the answer to that?
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here we go again ..., page-7
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.96M |
Open | High | Low | Value | Volume |
15.0¢ | 15.3¢ | 15.0¢ | $34.20K | 228.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 6431062 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 1987138 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 6431062 | 0.150 |
4 | 1517949 | 0.145 |
2 | 11080 | 0.140 |
1 | 7407 | 0.135 |
1 | 7699 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 1866688 | 23 |
0.160 | 297724 | 12 |
0.165 | 164845 | 4 |
0.170 | 375000 | 3 |
0.175 | 52258 | 3 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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