ELK elk petroleum limited

how low will it go.

  1. 2,182 Posts.
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    Any idea of how low the share price will retrace over the next few weeks?
    Looking at the charts I'll say around 35c.
    Your opinions are most welcome .
    By the way, before some of you bight my head off, I sold post announcement as I am guessing the share price will go down over time until good news is announced to the market.
    I'm just looking to increasing my holdings in this potential multibagger.
    If I increase my holdings by, say 25000 at no cost to me, that trade will be worth by my optimistic, yet feasible estimation of a $5.00 share price in 2 or 3 years time, about $125,000.
    Something to consider isn't it.

    Cheers Ivan.
 
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