re: ** oilers rose last night ** Graham,
I have to ask, why you chose today at 1.84-1.85 as your exit point. My charts don't give any indication that ARQ became a sell or is likely to become in the near future.
Was it simply to take profit as a trader because you were happy with your gain?
If Corybas comes up trumps the premium you are going to have to pay to get back in before the oil program will be huge, that is if you intend on getting back in. ARQ is becoming so tightly held, people are having to pay top prices now to get in.
Not only that with quarterly and financial results due shortly and analysts saying that oil's going back to US$60, I would think the downside on Corybas wouldn't be that great. Maybe back to $1.60.
Anyway good luck.
Sinkers
re: ** oilers rose last night ** Graham, I have to ask, why you...
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Last
14.3¢ |
Change
0.003(1.79%) |
Mkt cap ! $43.50M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $9.122K | 64.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2915565 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 899841 | 12 |
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| Last trade - 13.08pm 18/09/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |