ELK 0.00% 1.4¢ elk petroleum limited

Thanks for the info.The CO2 stuff makes interesting reading.My...

  1. 3,715 Posts.
    Thanks for the info.

    The CO2 stuff makes interesting reading.

    My view as an ignoramus on reading the announcement today was that it wasn't positive due to the 3p and the stock price would fall.

    I was correct, as the market is full of ignoramuses. More ignoramuses will come home from work tonight and read the announcement, see the stock price is down - so I'd say expect some more "buying opportunities" tomorrow. At a guess, I would say it will pull back to 47 cents and close where it opened - giving a dragonfly doji to signal bullish sentiment at the price level. That's if the informed buying can start to overcome the ignorant selling.

    Sounds like an interesting story.

    Cheers
 
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