Q3 will fly, Q2 will be mild, page-29

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tt2000

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07/02/19

15:13

Post #: 37364755
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Originally posted by malcolm in the middle ↑

Originally posted by CEOChair
You can easily find the post when I sold at the time. I would have looked really clever if I bought at 26c. I was always eyeing up the gap fill (and you can certainly find the post where I warned about that, was told by some day trader I didn’t know anything about anything clear.png) but when it came to pass, I had my cash tied up in BPT. Which, FYI, I held for years, sold at >$2.20 in Oct, bought straight back at $1.29 in Dec and sold again >$1.80 last week, hence I’m in a position to buy my SXY back. You can find the posts on BPT. Yep, quite please with that outcome though I say so myself.
SXY not necessarily ST bullish and in fact today the PSAR flipped back to Sell, so plenty of time to build a position and I will add more if opportunity presents itself. There is of course a new gap below I would be wary of. However, the 20/50DMA are now Golden Crossing, so momentum is generally up. A break of 34.5c will be required for an up trend to really take shape and 39c will be next target, then 49c:

View attachment 1438193
I do recall you mentioning the gap a very long time ago and probably apart from yourself, nobody would of believed it could be filled.

I am sure if there was never a gap in the first place, this stock would be trading higher than is today.....not at 50 cents, but it certainly would
not of dropped 50% to prove a point and I guess holders with quantities can do this to a stock?

I did manage to buy some at 27c, after cancelling my order at 26.5. But I did not sell any, so well done CEO.

What was your reason for selling at 50, charts or the lack of pushing higher?

Though my first paragraph states you knew of the gap, I doubt even yourself would of thought it would actually get to 26?

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LOL - chartists seeking causation after the fact.

I suppose that gap in SXY explained the global oil price fall between October and December too.

Lets face it, if oil didn't fall the way it did, neither would have SXY.

I can tell you no gap is going to explain the rise we see if the 110 wells are delivered in the near future.

SXY Price at posting: 33.3¢ Sentiment: Buy Disclosure: Held
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Q3 will fly, Q2 will be mild, page-29

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