nordesmic, Hope that new channel of yours makes it to $1.13 so I...

nordesmic,

Hope that new channel of yours makes it to $1.13 so I can get the last of my money out of this. What you didn't point out about the DLS chart is that traders have to work a lot harder to push those channels up than down. Have a look at how steep the fall was after that rise that you singled out. Sometimes we just see what we want to see.

And by the way, that rising channel that you point out in your video started on the 4/7/2013 when the company announced that Santos was acquiring a 60% interest in the Western Cooper Wet Gas Project and was funding work programs to the tune of $100-$120 million. Not an insubstantial announcement.

The recent similar pattern that you point now is off the back of a consensus by traders that the POO has bottomed (a consensus that still needs to be tested against falling world GDP and time). With no good news or a spike in the oil price the DLS share price will drift IMO and is also vulnerable to a broader market correction or mini-correction which is a bit over-due.


Eshmun