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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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Aug 17, 2008 12:31PM

I draw the Fib .lines based first on High and lows intraday (left ones) and the other on closing prices from recent move from around 3 to 5.25 .We see that there is a small attempt to make a bottom around this 38.2 % level but indicators so far doesn't show a stop.It's some important level .

We have to wait until we see evidance of that but the possibility to go to the 3 zone is also open at this point.Hope we can stop here otherwise I think to move by end this year to the 6 like I and many of here were hoping will be very ,very tough.

About this

I think these guys have been amazingly accurate and successful in their approach.

Could be but on the other hand not on what they promise and writing in their emails.I never send a mail to him and never will because IMO they never will tell what's going on exactly.I see it that way .If he answers on small investors like we he does for institutionals but I'm sure they get better views like we .Look to the chart.

The only good thing I would like to see is that guys from the management team start buying CLL shares instead of selling like they did until now.Then we can be pretty sure the results will be fine.


Aug 19, 2008 09:39AM

Aug 19, 2008 01:30PM
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