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Falcon Oil & Gas Ltd V.FO

Alternate Symbol(s):  FOLGF

Falcon Oil & Gas Ltd. is an international oil and gas company. The Company is engaged in the exploration and development of unconventional oil and gas assets, with the portfolio focused in Australia, South Africa and Hungary. Its principal interest is located in two underexplored basins in Australia and South Africa, with further interest in Hungary, covering over 12.3 million gross acres. Its Beetaloo Sub-basin project is located in the Northern Territory, over 600 kilometers south of Darwin. The Company holds a Technical Cooperation Permit, covering an area of over 30,327 square kilometers in the southwest Karoo Basin, South Africa. The Karoo Basin contains thick, organic rich shales, such as the permain whitehill formation representing the focus of shale gas permit applications. Its Mako Production License (Mako Trough) is a sedimentary basin located in south-eastern Hungary in the mature Pannonian basin. Mako Trough includes two plays: Mako Shallow Play and Mako Deep Play.


TSXV:FO - Post by User

Bullboard Posts
Post by Tomkinson Aug 13, 2009 10:18am
208 Views
Post# 16215555

RE: RE: Accumulation

RE: RE: AccumulationBum per Killer: It is obvious that trading through the black book would not affect this. The price set on the board here would effect the price in the black book though. It is even possible that through this non transparent method of trading that the trading price could be little higher or lower.$0$0$0$0What is obvious is that people at this time are not dumping, or the price would fall significantly. During consolidation the price goes sideways, this is also time for people to accumulate. Generally the longer a stock consolidates the stronger the up swing if and when it happens is stronger. After this stage if bad news is released this pattern can reverse. Chart patterns tell a story of phycology of the traders or investors of a particular equity, just as resistance and support.$0$0$0$0$0Another point is, I am not an investor. I am a trader. How long I hold these shares is unknown. I have held these longer than I thought I would, but so far I see no pattern here to sell. The patterns I spoke of still persist as there is a bottom triangle and now also sysmetrical triangle. Both indicate a rise to around the same level, or within 5 or 6 cents. The duration of each pattern is different one being 58 days the other 100 days. $0$0$0$0$0I have bought and sold FO recently and have made a profit, 65% once and 15%. That may not seem much but if you consider that that I was only holding for 2 weeks once and a month the other time. It calculates to a decent return. I have no plan to trade on a one year horizon as much can happen in that time frame. I look for the swings.$0$0$0$0$0It sounds like we have different trading technics and will never see eye to eye. I never win 100%, but I am happy with 70%, and generally when I exit on a loss, the loss is a smaller percentage than generally get on my wins.$0$0$0$0$0I am not an investor, I am a trader.$0
Bullboard Posts