Essar Energy Share Discussion Threads

[mustau] 18/10/2012 08:55

Morning,

1.30 what I paid a month ago. Visited India at the beginning of the year, has a good foothold. Hopefully a good return from these prices.

I await graph with interest, atb.

[brucie5] 18/10/2012 08:38

Yes.. My, this is a buzzing board..

[mustau] 17/10/2012 10:20

Has it broken?

[brucie5] 16/10/2012 11:09

Decided to buy in small time here, may look to add in due course. This has been a long time coming, and past experience makes me very wary - let's hope it's the real thing this time!

[brucie5] 16/10/2012 08:32

Looks to have slipped its moorings.

[hvs] 09/10/2012 20:21

lol !!!!

Very tasty like a Dosa.

[pigeon1] 09/10/2012 19:57

This chart is looking rather tasty isn't it??

[forwood] 09/10/2012 10:27

If they are, doesn't look like they've been able to bribe the judiciary (re their tax case) or the politicians (re permits to develop their assets) does it? Rarely seen such a string of misfortune as these have endured the past year!

[hvs] 02/10/2012 16:49

More Desis with their hands in the till.

Corrupt to the CORE.

[brucie5] 02/10/2012 15:58

And the catalyst for this will be?

[badmumba] 25/9/2012 13:04

hvs ,as iv said before ,trade it dont knock ,its going back down again .

[hvs] 24/9/2012 16:55

Desis,

Always like a good rummage in the dustbin.

[hvs] 24/9/2012 16:55

Desis

Always like a good rummage in the dustbin.

[badmumba] 24/9/2012 15:25

If i see this near a pound ill be back in ,looking for possible 20% .

[petersinthemarket] 19/9/2012 19:14

FWIW, as stated previously, had I had the cash I would have been in to essr a week or so back, but my indicators suggest the rise is over for now, and as of this morning I would have been out again until I had a better idea of where the share price will end up. Might go back to the 100 support level but my guess (and that is all it is) is that it may hover somewhere around 110. All a bit speculative as I havnt actually risked any cash, but there it is. Time will tell. This is a very tradable share. BoL to all holders.

[badmumba] 18/9/2012 14:15

Ninja 19
13 Sep'12 - 14:20 - 855 of 878

what's happening with this pile of dung..
-----------------------------------------------------------------

SOLD OUT ended up with a nice 30% ....Ninja dont get personal with it ,trade it you moron..

[brucie5] 17/9/2012 21:03

Peter, good to hear from you. Don't as yet hold ESSR, though did make a loss earlier in the year thinking it had bottomed.. I try now to cut asap from a disappointing position, which has mean that sometimes I've had to buy back in again higher up. So a repurchase of ESSR would be a further case in point. My current approach is simpler than yours,and considerably broader: current holdings include: AQP, BVC, CEY, EMG, EXI, HOIL, HOME, JLP, LAM, PIC, TNI, TPL, VEC, WLF, XEL. Commodities overrepresented. TPL a continual disappointment so far, and I've reduced, but other oilers have done very well, notably EXI and XEL. TNI is little short of wonderful atm,and grateful to Paulypilot for alerting me to it in the 20s. (Thought you had a position there.) ESSR could prove to be a big chart reversal, but very unsure about fundamentals. NAI, afwiw. Hoping that this year will be considerably kinder than the last!

PS. I realise this sounds like advice, which it isn't meant to be, but re. SHFT, I cut as soon as the share price started to falter. Why, I wonder, would you not cut your losses, particularly in a bull market, unless you expect the share price to recover sharply? I may be making a similar mistake with TPL, except the pattern still seems sufficiently ambivalent, and there is good in depth coverage on the bb, which seems to indicate a far higher share price . (He said, self- justifyingly..) Apologies for o/t.

[petersinthemarket] 17/9/2012 19:05

Evening Brucie - no, not difficult at all, in principle. All forecasts plus share price and indicators can be plainly presented quite quickly on less than 3xA4 to allow me to make a decision within 15mins if required.

I usually take a bit longer than that of course, as I want to weigh up the relative prospects for several companies before plunging on one.

With regard to essr, my personal conclusion is still that everything looks very good at the moment, but I do not have the cash to dive in without selling something else. The only slight cautions on todays data are that CCI(20) suggests we are now slightly into overbought region and slow stoch is also looking a little bit toppy, but I would still have been be in last week if I could.

Pls dont take this as advice, DYOR etc., just explaining where I stand on it.

(FWIW, for general interest, other holdings at present are afr, cey, exi, mro and that dog shft, my biggest clanger this year).

Best of luck to all holders, PIM

[brucie5] 15/9/2012 16:06

Goes without saying, buyers beware.. Gosh you have a lot of indices to look at, must make decisions very difficult.. I would perhaps want to be sure as I can be that this isn't a spike, so maybe wait for consolidation over the 200sma. But each to his own. We seem to be in a commodities and energy bullmarket.

SMAs are slightly more cautious:




WMAs more bullish:

[petersinthemarket] 15/9/2012 15:58

Hi Brucie - we meet again! - Unfortunately not into these yet, just lurking due to lack of spare investment cash. Had I the wherewithall I would have been in a few days back.
Since then share price has shot up thro' 10/20/50/100sma and just now tackling the 200sma.
CCI suggests only just entering overbought region. OBV steady, MACD, RSI, momentum and slow stoch all rising nicely. Just my idea of an entry point for myself, but of course I'm not advising anyone else one way or the other.
As an important note of caution, any buyer should be aware that Indian business and politics can be rather unpredicatable.
(ps: apologies for o/t, but have you taken a look at HGG yet?)
Best of luck to holders. PIM

[brucie5] 15/9/2012 10:56

Frustrating to have bought (and sold) these too early about six weeks ago.. But I'm constantly being reminded that the chart is almost always telling (or predicting) the story that analysts won't or can't tell you. In this case, that the business is at an inflection point.That said, not sure what in the fundamental case (apart from the vast theoretical potential) has changed here. Isn't it in big debt? So I would imagine that it's hitching a ride on the uptick of commodities after 3QE, and Indian shares. VED is a good comparator, and it actually pays a dividend. Anyway, would be interested to hear from more informed posters here.

[mustau] 14/9/2012 14:54

Added a few at 1.32 let's hope it can break 1.50

[matt123d] 14/9/2012 14:23

A break of the 200dma and should run to 150p pretty quickly.

[topdoc] 14/9/2012 13:23

nice to be right for a change.desis not doing to badly eh hvs