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STO, SANTOS LIMITED
Barra
post Posted: Dec 19 2014, 10:14 AM
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In Reply To: mistagear's post @ Dec 19 2014, 09:41 AM

Falling back now however. Decided to take some profits and will look to get back in next week if the oil price settles down.

 
mistagear
post Posted: Dec 19 2014, 09:41 AM
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Nice Short squeeze at open



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Barra
post Posted: Dec 18 2014, 06:11 AM
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In Reply To: batikit's post @ Dec 15 2014, 04:37 PM

Should be a good day for STO with US energy sector up nearly 5%- say goodbye to the 7's.

 
batikit
post Posted: Dec 15 2014, 04:37 PM
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Bought some at 7.22 long
Oil price rebound after 2% gap down at open

Whole energy sector closed hihgher

Sign of a bottom yet?

 
mistagear
post Posted: Dec 12 2014, 04:26 PM
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In Reply To: Barra's post @ Dec 12 2014, 10:54 AM

Barra,
If you are trading with a non DMA Provider ie: a Market Maker, then the $7.60 you saw on their system was your Provider squeezing their clients. This will happen again, its how they make money.

To lessen the profit from a client wishing to exit a short position they raise the Ask and that works for anyone looking to go long also, they have to pay more to enter which the provider knows will increase chance of triggering a stop on the long when the rubber band springs back..which it did.



--------------------
------------------------
[url="http://xgamesbowling.com"]X Games Bowling[/url]
Bear Cottage is the first children's hospice in NSW.

It is a place where children with terminal illnesses and their families can stay from time to time and receive rest and medical care in a home-like environment.

Please support >>> Bear Cottage for Kids,
An initiative of the Children's Hospital at Westmead NSW
http://www.bearcottage.chw.edu.au/

................................................................
www.xgamesbowling.com

Said 'Thanks' for this post: Barra  
 
balance
post Posted: Dec 12 2014, 01:07 PM
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In Reply To: Barra's post @ Dec 12 2014, 10:54 AM

Etrade have it as 7.34 high too Barra. Now at 7.19/7.20. Low 6.975



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Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.

Said 'Thanks' for this post: Barra  
 


Barra
post Posted: Dec 12 2014, 10:54 AM
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In Reply To: Barra's post @ Dec 12 2014, 10:03 AM

System now showing STO never traded up to 7.60, high is now being quoted at 7.34.
Unless my eyes are playing up I'm pretty sure I was watching it trade at 7.60 - albeit a cfd platform-
or was it a blip while they shook down some shorts ?

 
Barra
post Posted: Dec 12 2014, 10:03 AM
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In Reply To: wren's post @ Dec 12 2014, 09:54 AM

Yep Wren, it is high risk and on the basis STO stands out to me as the logical t/o target in the O and G space on the ASX.

With respect it wasn't long ago you were having a cut at it at 10 and we're 30% under that now. The capex cut backs convinced me STO can ride out a lower oil price and if it goes lower I think it will attract a bid. Some heavy volume of late and I wonder who is buying or is that just people churning stock?

Weird how it spiked to 7.60 before coming back... Could be someone pumping before dumping I suppose.




 
mullokintyre
post Posted: Dec 12 2014, 09:56 AM
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In Reply To: Barra's post @ Dec 12 2014, 09:32 AM

QUOTE
Someone is liking STO this morning despite the oil price sinking further.


It was me.

Mick



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wren
post Posted: Dec 12 2014, 09:54 AM
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In Reply To: Barra's post @ Dec 12 2014, 09:32 AM

Brave call.Don't see a TA reason to buy,but the are obviously other ways to trade.

 
 


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