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13/01/10
15:06
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not a great with charts
but would agree to a point, and gradual run up has that pattern,
I think a push under way, each time must take out holders on that level.
Question is do we trade for a few points, or wait till PEL and ATMOS before that.
What I do know is every day gone is a day closer to PEL drilling,
trouble is with trading for a few points you can get left behind,
so what to do,
Look I see more upside than downside, so you could do worse than sit tight.
ATMOS will at some point come back online, they say end of month, but company is hopeful, out of their control.
PEL however has money to drill, and a rig booked,
sp was under 5 cents only a week or so ago, so slowly does it is fine with me.
oil and gas does not look like dropping, so more upside potential.
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