OIP 0.00% 4.3¢ orion petroleum limited

I see the Bollinger Bands on this have almost merged.Basically...

  1. 1,232 Posts.
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    I see the Bollinger Bands on this have almost merged.

    Basically the sellers are now drying up.

    IMHO ... when cash backing is over 6c (by all accounts) and a ??? drilling announcement must be close ... probably for 2011, the blow off valve will most likely, on a percentage play, be upwards.

    Seems one of the most simple of investements around at this moment. 4.3c today ... let's reconsider the sp in a week, a month and three months.

    Regards
 
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Currently unlisted public company.

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