RE:RE:RE:RE:RE:Sold a large chunk. Nice to have a buddy that can model a software buy and sell platform for you.
Was today the day to jump back in?
Oil took a dive this morning for no discernible reason that I can see.
This chart tells me if it stays down there for any amount of time CJ should bounce around $6.80.
https://www.marketscreener.com/quote/stock/CARDINAL-ENERGY-LTD-15252880/graphics/ But only if it doesn't drop through the resistance and go lower.
Oil prices have no reason to stay down based on inventory and demand but i am no,"guru".
If WTI stays in the high $70's range that $6.80 price might get a bid from me for a swing.
Would love to hear constructive comments.
GLTY and all
Pottsy wrote: Thanks again Quint1, to be honest we all know on this forum that there are no "gurus". My luck, and sometimes failure is driven by a database with inputs and outputs that looks at any period between 5 years to two weeks specific to CJ. The model was built by a friend of mine in Scotland who gave it to me free in Excel. It is correct so far 61% of the time but again to be honest it has failed 25% on the buy side of the equation. I have to input certain parameters like oil price over 5 days, and some CJ parameters plus seven others. Sounds complex but I spend about 1 hour a day. The model gives me four indicators once loaded. NO BUY, POSSIBLE BUY, DEFINATE BUY AND ERROR. It can't predict sell, so I have to monitor that real time but always set STOP LOSS. I am with CIBC, great and simple website to buy and sell. Hats of to the traders out there. P