Petrofac Share Discussion Threads

[ny boy] 05/7/2017 23:51

No, is it likely to have any bearing on price market movement +/-? Oil prices ticking up again, could be a dead cat bounce, we'll know in the morning.

If we get a quick drop to test 444p, I'll be a buyer but maybe tied up with NUOG after today's breakout.

[adukeofkent] 05/7/2017 23:19

Did anyone pick up on the RNS today?

[volsung] 05/7/2017 23:06

I prefer polite drops

[ny boy] 05/7/2017 22:31

Mostly to do with the crude drop.

[gaffer73] 05/7/2017 18:33

Could well do but the drop in oil won't help short term.

[whattheduce] 05/7/2017 18:22

I see the opposite gaffer, up to peak at 480. I am a greedy sod though!

[gaffer73] 05/7/2017 16:44

Bang on the money. Could be another down day tomorrow if the ii's have stopped buying. Top up opportunity.

[volsung] 05/7/2017 16:33

I am applying aftershave to my ball sac while waiting for close of play. then my friends its straight to the offie for a bottle of wine and a jumbo bag of wotsits. PFC has been good to me this week but not nearly as good as OXB. I know I'm worth it!

[whattheduce] 05/7/2017 16:29

:( was heading to my target of 470 but then did a U turn. I will just sit on this egg and keep it warm for a day or two. in at 460, out at, mmmm pick a peak before the next little back peddle to buy back in. Next peak, I will look for 3-5% above 460 so about 473 to 483. highs and lows coming thick and fast even on low volumes.

[tsmith2] 05/7/2017 14:18

Whipsaw this afternoon?

[volsung] 05/7/2017 13:35

Trade the emptiness by doing nothing

[gaffer73] 05/7/2017 13:15

Reacting to the drop in oil, if it stays down this will finish 455p

[lodgeview] 05/7/2017 12:51

whattheduce stop trying to trade it is my opinion.

[tsmith2] 05/7/2017 12:49

Rinse and rise..

[whattheduce] 05/7/2017 12:45

I should trust my instinct more! I estimated a 15p back peddle from 470 to buy back in but ended up buying back in at 460. Then it slides down to, you guessed it.

So I'm looking for 470s, very sharp bounce back could be news in the RNS pipe line or one or two large trades clearing and then back down. my gut feeling says up to 470 today.But do I cash in before market close?

[luderitz] 05/7/2017 12:41

If it reaches 432 I will be highly chuffed, doubt it will somehow.

[lodgeview] 05/7/2017 12:23

I gave up trying to trade a while back. Sit back, relax and ride the waves.

[vk74] 05/7/2017 12:12

I hope so as I sold everything at 462 and looking to get back in at a lower price. My ideal would be 432

[ny boy] 05/7/2017 12:11

Small pull backs are healthy, technicals, indicate 444p area as a downsude target.

[lodgeview] 05/7/2017 12:09

Shares don't go up in a straight line. LOL

[bakunin] 05/7/2017 12:06

Looks like the first intraday downtrend, other than at US or UK open, for a while

[whattheduce] 05/7/2017 11:51

Bought back in a tad higher than I wanted, not quite a 15p drop and, ohh, still sliding a little more. However, as long as overall it is up 5%+ within 5 trading days then back peddles then up and so on, I'll keep surfing the waves and coining it in.

[bakunin] 05/7/2017 11:44

Sitting on the 15 min uptrend line.
If it doesn't hold, it'll probably be a new wave down.
Wave 4 of the rise from 350 would take it to no lower than 443
Wave 2 of a larger Wave 1 from 350 could see it drop to a Fib ratio between 420 and 390.
The fractals aren't matching up, so uncertainty.

[ny boy] 05/7/2017 11:17

Drifting lower after not enough fuel yet to get through 474p, doubt much lower than say 444p the old resistance.

I will buy more if we get to test close to 435p, otherwise sit patiently for a move higher.

[stoxx67] 05/7/2017 11:15

this is nothing unexpected, short term the stock is / was overbought.

its where it retraces to now, suspect the next leg up will be the catalyst to short covering.

as i have stated far too many times now, i am patient and will await £6 and reassess.