CXO the timing is perfect, page-94

It is interesting @Brumbie, but his view is of a traders and not a value/growth investor (CXO has the potential to satisfy both at the moment I think). I was watching his video after $man’s share the other day and was explaining to the other half that his view is purely based on the the trends, stats and data. When he posted his video, CXO was sitting at approx 4.4, and if he sold at 5.4, then he as done reasonably well in a short space of time to make a bit of cash. The stats and data suggested that based on trading volume and highs/lows/chart trends that the price was going to go up, and he was right, but only right on what the charts could tell him. The chartists/day traders can only assess the ACTUAL market moves and use these to predict what they think will happen. I would be surprised if DayTrader had done any analysis into where CXO is at on the development curve, and what likely announcements are coming up. What we can take out of the fact that he has sold is that we are likely to oscillate around this price for a while until we get more news that will create the stats/data that will attract the traders back as they measure the ACTUAL movements in the market created by the news flow....we may well see DayTrader again in the stock soon enough for its next leg up (the capital gains must be a killer) - isn’t there the old market philosophy that if you buy and hold a good stock, you end up much better in the long run than trying to buy and sell the peaks/dips? CGT definitely contributes to this.

The positive to pull out of it is that whilst we may oscillate around this price for a bit, we have taken a leg up from where the price has previously done this (approx 4c) and as @wenty said earlier, there has been similar trading patterns in other stocks before they went north. The big strength by waiting right now is the enormous strength of announcements that aren’t far away....no Day Trader would know about these unless they have done a deep dive into the stock because the stats/data don’t ellude to it yet....they will soon enough. A company that is about to upgrade its resource, update it DFS, announce finance/off takes and start construction, not to mention start producing within 12 months is definitely worth holding.

I know I don’t need to encourage you to hold, but to others that may be thinking that if a day trader is out then I should be too, think again. Traders work on a different philosophy. I don’t often say it, but this is only in my opinion, do your own research (as I have done) and make your own decisions. Short term, CXO may drop a bit, but long term, well, I like what I see.