VPE 0.00% 41.5¢ victoria petroleum nl

fibonacci retrace 61.8% sp fall to $0.41 , page-30

  1. 547 Posts.
    These presentations have been around for a long time wasa... previously they had the sp at over $2.00 and that was before the CSG was even around... admittedly oil prices were higher then.. that is what got me to keep holding VPE from 3+ years ago. Take them with a grain of salt... it is the same story again and again, once VPE is actually delivering on their promises, we should see the sp go up and stay up, but until they do (start delivering... admittedly growler is a good start), then expect more of the same IMO.

    No matter how optomistic tui is, in the end the market will decide on what is delivered not what is promised. Yes the price will go up on promises, as people get all stary eyed, but people are impatient, and if nothing is forthcoming they move on to the next thing. That is just the way it is and is why IMO VPE behaves the way it does. If you have the patience (or work out it's movements and trade it) you can be rewarded with a stock like this, but without it, you will likely lose money :)

    Tony.
 
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