Iofina Share Discussion Threads

[noli] 02/9/2013 12:21

englo, cached version, google for the pdf.

[angel of the north] 02/9/2013 12:13

Could be 'squeaky bum' time for some?

[neddo] 02/9/2013 12:10

i think you do, sg, perhaps lance will take his old job back?

[engelo] 02/9/2013 12:10

noli: another brilliant post re Weil.

At the elementary level, 2 questions please:

Looking vertically: could you give me a link for the geo sequence including Duperow, Nisku, 3 forks and Bakken?

Looking horizontally: SG recent post indicated Weil were looking to drill to the east of their recent find. Is this within IOF's territory (presumably with IOF's agreement) or beyond it?

edit: extract from SG's post:


'SP Log on Conway well (11 mi. east), which showed good Nisku porosity, is very similar to this well, mud viscosity was extreme while drilling the Nisku'

The Conway well 11 miles east is way onto IOF's acreage, and now weil are drilling a test well, much further east.

[worraps] 02/9/2013 12:07

Oh, I think you can, superg.

[superg1] 02/9/2013 12:04

Strong interest. Can't think why that is ;-).

[molatovkid] 02/9/2013 11:49

Break 150p resistance and we're off kids....

[freshvoice] 02/9/2013 11:47

150 will be behind us soon.

[freshvoice] 02/9/2013 11:46

Titus,
As I said the info was in on Friday that there was a large trade in the background, hence my post late after hours.

[che7win] 02/9/2013 10:44

Titus,
I enjoy reading your posts, I can learn a lot from them and a good analogy on ripples, waves and tides :-)

Regards.

[worraps] 02/9/2013 10:40

Titus, interesting observations once again, in post 7866. You sum up the wiles of the markets, and human behaviour and idiosyncrasies so well. Refreshing.

[noli] 02/9/2013 10:37

Ok, this is what Weil are after imo: Note the cordinates of Weil: Section 15, T30N-R48E, Roosevelt County,

[titus10] 02/9/2013 10:11

Che7 - your post 7857 seems to have truck a chord - and others got their responses in faster than I did...

[titus10] 02/9/2013 10:06

Nice post che7win, some trading sense as a foil to all the nods, winks and "you'll see"s whilst the share price fell 40%, reminding one of the saying "the market does what it has to do to prove the majority wrong".

Jesse Livermore was the most famous bear of that era, highly successful until the tide turned against him. Hubris is a killer in the speculation game, sooner or later. Conviction inhibits the flexibility that's essential for on-balance success and whilst the search for certainty is a natural need in the absence of experience, it can be dangerous. As Bob Beckman used to say "be neither bull nor bear but unfailingly realistic".

Many successful traders, whether they work the tape (level 2 these days maybe) or real-time charts, have no bias and are in the market continuously, long or short, as indicated by the 'signature', or character, of the instrument they're following. We recognise each other individually by our body characteristics and behaviour and market speculation, being a human activity, is no different. High Frequency Trading, now said to be responsible for the majority of trades on NYSE, just does it faster - perhaps ensuring that the ripples we slower people work when trading are maintained.

The concept I've found perhaps more important than any other is that of moves within moves, ripples within waves, waves within tides. Trading and investment do indeed call for different kinds of research, but one still finds similar price patterns within patterns, so technique needn't necessarily be different - providing one is aware of this encompassing concept.

The urgent call for Level 2 trades readouts followed by "well I'm in this for the long term" usually says "I got it wrong so I'm sticking", doesn't it? In the end there's no substitute for study, building the picture from what actually happens rather than what is said. Livermore made a fortune doing that, like others before and since. But did he recognise the Chinese doll effect?

[rogerbridge] 02/9/2013 09:15

Just sold a holding in my ISA and replaced it with IOF.

[retiree] 02/9/2013 09:02

Strong interest continues, almost exclusively buys this a.m.:

[che7win] 02/9/2013 08:58

Engelo,
The timeframe can be hours, intraday charts/looking at trades can be predicted sometimes. I can find certain signals like last week which is why I say a trend within a trend. The short term trend over the next few days and up to results looked good so I bought, 150p could halt the rise, or it may move on to a new level. I believe the moves are because of the upcoming results and what investors hope/expect.

I should say that when I'm watching the ticker, the speed of the trades is also important.

If we stay above 150p, that will become the new support and I'd be looking at the stock trending up to 175p.

Results released this month will change the character again.

As a bull, I believe the fundamental prospects of IOF make the price below 200p look cheap to me, as long as the company does what we expect.
The share price performance brings in the psychology of investors, fundamentals and the ticker quite often don't tie up and there is no point in me buying unless the stock trend is going my way. I hope that makes sense...

[jonnyno1] 02/9/2013 08:46

it is a certainly a very good read che7. your right the stock market has not changed in 100 years at the end of the day it is all humnan nature.

j.

[engelo] 02/9/2013 08:43

che7: interesting insight. Suppose we all do this to some extent (not very successfully in my case) when trying to time an entry or exit point.

What sort of timeframe does it involve? Eg looking at recent trades, does it give you a feel for how the share price will do in the next hour, day or week?

[che7win] 02/9/2013 08:41

Jonny,
Jesse was a speculator, reckless at times but very astute. He was a big risk taker, gearing up to reckless levels and he made and lost millions.

His observations were spot on though, go with the trend, don't be persistent etc.

I would say that the character of the stock market now is not much different to 100 years ago and the same speculation is happening right here before our eyes as has happened throughout time.

BTW, that book is the best stock book I have read, it's also an interesting story if not interested in the stock market.

[jonnyno1] 02/9/2013 08:32

and we know what happened to Jesse Livermore che7!

J.