Hi Trendfriend, dan, yeah no worries about Good/Bad Oil everyone is entitled to an opinion but to continually post silly stuff is an indication of oneself imo. Price previuosly bounced off .054 before when it tested this region but by the looks was a manufactured move because immediately after a large order at .055 was snapped up and then bounced up quite quickly. So dan .055 would be a good call there, but you'll notice when it gets to this region the volume is always light with a few trying to sell at around .056-.058 to push it down in the hopes of getting others to sell. Look at it today a few shares sold into .056 at the tail end of an order after selling higher. Oldest trick in the book and it goes the other way as well when someone is trying to pump the price.
During the drill there will always be some volitility, with Jpr it has been quite stable, most holders are set and will hang onto there shares until the end of the month and only a few are left to play games together. Only 1.7m traded today I think so not much vol. Update wont tell us much tom unless they include some more info but will be interesting to see where they are up too. Weather has been mostly fine and around -10c. The chances it will be a duster will be fairly small considering the area, have a look at the map in the investor presso. But we will see what happens, its easy to sit on the sidelines and poke your tongue out but know one makes money or gets anywhere by doing that!
Cheers
Chris
JPR Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
