Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Posted: Mon Aug 25, 2008 5:17 am Post subject: Re: Australian peak oil related investments.
Micki wrote:
solarpoweredlasers wrote:
solarpoweredlasers wrote:
Going to try EGO for a small pre results profit at 1.7c.. try and sell as soon as it hits 2.4 or somthing... about it really..
Too easy... Like taking candy from a baby.
Why don't you sell half at 100% and keep the rest for the long haul. It is really sweet when some of these penny stocks go up several 100% percent. But if you take out the money you initially invested, you don't have to worry so much if thing don't play as well or fast as hoped.
I sat on EWC for over 3 years and then bagged round 500% when James Packer bought in. Had I not sold the lot I could have got double that.
Well.. each company needs to be taken on it's own merits.
EGO is different to EWC or PCL previously mentioned. EGO has 2.6B shares on issue and the targets they're drilling for aren't too crazy (after this next one anyways). Fundamentally the sp shouldn't really go up that much on most of it's drills, and the ones where it should I already have exposure via a more highly leveraged company.
Oil exploration companies are very different to other shares.. there isn't any long term appreciation until they actually find oil, until then they oscillate pretty wildly.
The last drill where I said I was going to buy at 1.7 and sell at 2.4 and did just that.. the drill would have really only been worth ~5c if it came in. With a generous 10% chance of success there wasn't TOO much of a carrot to keep a portion in. (A 10% chance of success on a 5c find is valued at .5c)
I could have made more by holding out a little longer (it went to 3c briefly), but I took real profits, not imaginary ones, plus I was using CFD's, so more cautious.
It's funny this has been bumped as EGO are about to start their next drill. I've bought in again at 1.7c in about 4 different parcels and will off load them from 2.3-2.4 upwards hopefully averaging somewhere near 2.6c. The new target has a 5% chance of bringing in ~7c and about a .5% chance of bringing in 35c+ so it's more along the lines of what you're talking about.. keep half in for a big payday etc.
However the reasons for keeping a parcel in aren't as compelling as having it in a more highly leveraged company in the same drill. EGO is a day trading stock.. so it goes silly, (which is a case for holding a parcel..) even though a find might only be worth 7c technically theres no reason it won't spike at 10c plus because it's a highly liquid stock ramped to the hilt on the boards. It went to 6.3c briefly before a 20c drill even started (essentially pricing in a 31% chance of success) which is retarded.
But it's a much more dependable idea to hold a parcel in a company involved in the same drill that has more leverage (imho & depending on the situation, but as a rough guide where the leverage is at least 2X times more). You're not depending on having your finger on the trigger and timing the spike sell (which could be intraday). BFEO and DVM both have more leverage. So if you buy $1000 worth of EGO at 1.8c and they strike the likely amount of oil you turn your $1000 into ~$4400.. but if you look at the companies with fewer shares and lower market caps you get ~$14,600 from BFEO or ~$14,700 from DVM currently as of today's sp's based on the fundamentals.
So really.. trade the trading stock.. hold the leverage stock as your little lotto ticket (well, there is a half a percent chance of getting 90k on your 1k with BFEO)
Last edited by solarpoweredlasers on Mon Aug 25, 2008 5:43 am; edited 2 times in total
Posted: Mon Aug 25, 2008 5:33 am Post subject: Re: Australian peak oil related investments.
kiwichick wrote:
this may be of interest BLG bluglass
Looks interesting... I'll take a bit more of a look at it. Trying to only trade the shares I've got a good history with atm though, portfolio is still in the green but down quite a lot.. waiting and waiting for these bloody drills to come in.
PCL is probably the only pure oil spec I'd look to invest long term in atm at mid 3c.. EMR (producing now, but still a spec) and CVN both good long termers at 16c (has fundamentally changed since it was hanging around 10c) and 44c respectively.
Joined: Dec 07, 2005 Posts: 2009 Location: Australia
Posted: Mon Aug 25, 2008 6:45 am Post subject: Re: Australian peak oil related investments.
CFU might be interesting.
THeir share price hasn't done much, but for more than the last year they have been running trials of fuel cells and going from memory (it was a littel while since I last checked this one) they had some orders for installations. It doesn't look like vaporware and they are not making unrealistic promises (perhaps that is why their share price has been so comatose).
Anyway of late there have been a few upticks on this one, so worth checking out if it takes off. _________________ It's not a bailout, it's a buy-in" - Nancy Pelosi
Joined: Dec 07, 2005 Posts: 2009 Location: Australia
Posted: Sun Nov 09, 2008 5:10 pm Post subject: Re: Australian peak oil related investments.
WAS that a comment to CFU?
Yeah, they lost a bundle of money on the markets.
The product still seems to be progressing. I was actually surprised the share didnt' drop more. _________________ It's not a bailout, it's a buy-in" - Nancy Pelosi
All times are GMT - 6 Hours Goto page Previous1, 2
Page 2 of 2
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
