Re: On the move
in response to
by
posted on
May 05, 2010 03:48PM
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
I just took small position and my goal was to take profit on the closing gap.But was away for a while and when I arrived at home gap was already closed.
but we see a formation of a candle with a long leg at the undersize so i bet we will see a move to 1.65 or something.I do not invest fully just some quick picks now.
Most analist bet on a 10 % decrease of the markets .For the sp500 probably a move towards 1060 but a stop around 1150 for a while is possible.
I heard from our PM today on the news that the Greece problem is overdoen at some pint.Greece only counts for 1 % of the Eurozone economy and each country has his own problemsSpain is not so secere like Greece but the action from Euro parlement takes to long .So that brings nerviousness on the markets.We could see some more action days but also some recover could be as well.Time to play a little.
If a 10 % corection is fact I think we can pick up at good price.