SSN samson oil & gas limited

I bought this purely on chart action at 7.4c in Jan 2011 knowing...

  1. 29 Posts.
    I bought this purely on chart action at 7.4c in Jan 2011 knowing nothing about the company at all. From my view point there is potentially some resistacne at 25c and then again at 30c - not too much in-between.

    However, this is running hard but is still well supported by volume and some fundamentals in terms of oil price running and tensions in Middle East. Certainly, the info posted on this site seems to suggest this is potentially a ripper - so I continue to hold and sleep well at night.

    It is quite a steep increase and these things can't keep going up forever, however, while it is I'm happy to hold with a stop around 16c for me to protect the downside.

    I'm reminded by a trading mentor of mine - who reminds me that prices can go higher than you ever imagined. He traded thru Poseidon time and owned PDN and FMG when they were penny dreadfuls. He talk - I listen.
 
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