is it ready for a breakout?, page-20

ya you may be right if it continues to be bullish but i have a feeling that this week of trading although bullish will lead into some weakness next week.

My personal opinion is that this is a temp. short term rally only with news of greece again in september and the US towards the end fo the year.

With the fear of the more EU trouble i think a larger retrace may be more likely.

if there is news it may crack the 13c next week you never know

just my opinion :).

ps i will be buying more if it hits 10c again :), did some calcualtions last night and worked it on p1 + p2 reserves ($10barrel) less cost of production ($15 a barrel rough) and a reduced oil price (80-90 cant remember exactly) less about 25% for BOE (only 70% oil) and still came up with around 40c a share.

this was not including potential of profits from production , increase in reserve size , improved p1 / p2 reserve recalculations and many more :)

Gl to all Holders