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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: Japan

Mar 11, 2011 02:02PM

Nick21

Glad holding worked out for you, HOWEVER I never gave you advice to sell.

"You're sitting on a nice profit,,I think your gonna see another attempt up prior to a move back down to low $1.30's..That's my oppinion... I'd suggest setting a stop loss and letting whatever happens happen"

I then posted in reply to Spidey

"..I stated earlier before Libya my re-entry target was $1.23..I'm thinking a $1.31 target will be reasonable."

In both posts I appear to have been correct..Todays low was $1.31..My oder wasn't filled @ $1.26 but only time will tell if todays movement was to give longs an opportunity to sell prior to a further move down or whether it's a genuine move upwards.

BTW being long doesn't always mean buying a stock and sitting on it forever..I've went over my records and I've held a position in CLL since 2003. So by definition I'm a long. However the size of my position now varies as I've found it more profitable to trade with CLL pattern..


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