Chariot Share Discussion Threads

[alex hawk] 14/2/2013 23:48

Triples - buying the mrs some CHAR shares for valentines...priceless that made me chuckle :-)

[alex hawk] 14/2/2013 22:36

Triples I don't think the BG exit was a pump & dump - there was strong trend reversal signal in January as I remember I got slightly excited and then a few days later watched it rocket (and then come down) - can't quite remember what it was think it might have been moving averages or downtrend breaking.

Something that hasn't been posted here is a timeline of events affecting CHAR as posted by jimmy24 a few days ago - I will try to dig that out over the weekend if someone hasn't before me.

[hedgebetter] 14/2/2013 22:34

The presentation on the 19th Feb should answer some of these questions on data room open etc. The message should really be ...this is good...and..the data room is open..yada yada..same with the conference presentation in March in London

About time they changed this as well



It's now out of date. On iii some guy quoted what in effect was the morning star figures which is incorrect and double counts large holdings...which makes it look like there is more tied up in big hands than there actually is.

[triples] 14/2/2013 22:18

Hi Alex,

Thanks for the chart. The BG exit Pump & Dump was a nuisance. It would have been better for a gentle climb on the chart, but that's how it goes.

I put some silly low buy orders in this morning and, blow me down, they got filled! I also added some to the wife's SIPP at 29.48p. Whether I'll hold all these extras is another matter as I am so top heavy with Chariot.

Let's see if your blue line holds - I sort of think that it might as newsflow kicks off soon.

I am a bit concerned about the cash position but we'll find out more about that in a month's time. I think there'll be other good news to make up for the gentle decrease in cash.

It would be good to hear whether the datarooms are open. I guess that they are as PW had said 'first week of Feb' and they are not an RNSable event.

gl.

[alex hawk] 14/2/2013 21:49

The actual body of the candlestick doesn't fall below the trendline and that is key, the lower shadows does show the attempted "shakes" IMO.

[triples] 14/2/2013 21:40

the low points don't always reveal themselves, and worse still, what appears to be a low point is false with a lower low point just further ahead!

[alex hawk] 14/2/2013 21:39

Triples, quite bullish on the chart to be honest not done one for a while as only news = volume can drive this sleeper - looks like were in a mini uptrend - how often do we say that here, not been seen for a while.

Interesting that the next decision on the potential breakout (either way) matches the timeline of presentations so I expect some volume as people take their positions. Had a go at breaking out today so should give more time to buy under 29p, personally I am happy with my holding so doubt I will add anymore.

[vwnige] 14/2/2013 20:11

As with all the small oilies the best stratagy is to buy at low points and wait for the next rise...

This will come good again but holders have to be patient..

[ronan7] 14/2/2013 18:50

the price has been hit so hard in 2 big drops.
.... we are still 10% up on low of 26 or there abouts ,plenty of more volitile shares that can make a lot, lose alot quickly as this has already done

seems to be a new floor of 28.5 to 29p..

i`m ahead ...so happy to hold and wait

yes i would like 40p now/soon , with the promise of more over next 3 -12 months
but this is were we are
if i get another 10% in a few months and then another and another ...i`d be happy......i`m not playing the markets ..i`m trying to earn a buck or 2 over a period of time

any hows thats me
each to their own

[ronan7] 14/2/2013 16:09

last half hour bounce back??? we shall see

[triples] 14/2/2013 15:58

Are we in a short term downtrend?

[sos100] 13/2/2013 16:13

Alex hawk.

Let me know when you dump this as i might follow you,you seem to have a knack of calling this right!

Can't understand why this is still trading at this level.

[fairenough11] 13/2/2013 15:24

don't follow him much,its a bit old,don't know if he's any good but................

Chariot Oil & Gas (CHAR): Extended Base To Target 80p Plus
By ZAK MIR

PUBLISHED: 21 Jan 2013 @ 16:13 | Comments (0) |

Print
Chariot Oil & Gas (LSE:CHAR): Initial January Resistance Break

You might think that waiting until Chariot Oil & Gas shares are up nearly 10 per cent today is leaving it a little late as far as getting on the bottom fishing bandwagon here. But it should be said that at least from a technical perspective there is a method in the madness. This is because it seemed wise to wait on an end of day close back above the initial January resistance at 31.8p – the neckline resistance of an extended base formation in place on the daily chart since September. Now it can be said that while there is no end of day close back below the former peak of this month the stock has probably served up a trend change – at least getting it back in recovery mode. The expectation now is that we shall see the shares head higher towards the pre 2012 slump support in the low 80p's and towards the present position of the 200 day moving average at 77p. At this stage only back below January support around 27p on a weekly close basis would really be enough to kill Chariot's rebound prospects for now.

Read Zak's Amazon eBook bestsellers, Lessons From The Financial Markets For 2013, and 101 Charts For Trading Success by

[alex hawk] 13/2/2013 14:44

It has been frustrating, every so often I've come and had a nibble and now ended up with a significant holding but a least news is in sight now - keep the faith no point selling now.

[triples] 13/2/2013 13:44

Alex, L2 is looking stronger and your buy at 28.5 was well timed. You called it yesterday and got your shares.

Generally, I am getting a bit fed up with this share and look forward to some news from the company about what's happening.

Are the datarooms now open as PW indicated they would be a while ago?

[alex hawk] 13/2/2013 13:34

Behave lol

[triples] 13/2/2013 13:28

yet

;)