Vermilion Energy Inc T.VET

50% Fibonacci retracement is C$11.00

[cleareye]

Over the last few years I have been following Fibonacci Retracement numbers. I wouls say that fundamentals of a company and underlying commodity prices are MUCH MORE IMPORTANT, but the " market" seems to follow Fibonacci Retracements, filling of gaps, double bottoms, channels, etc. So be it; I pay attention.

The 50% Fib Ret number is C$11.00

I might wait and see if we bounce off that number.

Brian.

[Quintessential1]

A 50% retracement from the high or the low and why 50%? I agree that the fundimentals will dictate the longterm stock price.  You can't argue numbers. Shortterm however stocks can trade on technicals.  You are using Fibonacci but there are a lot of Fibanacci retracement levels and 50% is not a true Fibonacci level. VET has shown a technical formation that predicts a much lower

[Oldnagger]

I once had a fellow who met with me to try to sell an investment tecnique based on teshnicals . At the time , the tecnique was quite simple and was called the chinese wall method. He showed me reams of historical data for each of about 20 commodities. In each case sure enough his tecnique made money. I was flabbergasted. Then suddenly an idea hit me. There are more than twenty commodities , how

[cleareye]

I speculate out loud about where I think the next bottom will be. I don't mean to offend anyone. I used to think: "This stock is unbelievably underpriced, I'll buy it and it will go up." I usually lost. Now I hold a core position and try to "not buy" anymore until the stock has hit a reasonable bottom. If VET goes to C$11.00 I will look around at the landscape and

[Quintessential1]

Not offended here.   The laughing meltdown man would have told you $14 was the bottom so shows what he knows. Picking the bottom or the top is difficult.  Right now it's hard to catch a falling knife so maybe wait for it to bounce then grab it on the way back up.  I posted sub $11 earlier but sub $10 is very possible now if it does a full retracement. We are now down over