Premier - PMO

Wow this got smashed....

if this does not bounce from around these levels, 74/75p area, its as good as finished imho.....
would'nt touch it with a barge pole if it closes below 74p imho.....

Long term daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...TUYs%3D&symbol=L^PMO

Close up...
uk.advfn.com/p.php?pid=chartscreenshotsh...%2FA%3D&symbol=L^PMO

Reagrds,
Trendfriend.

The market/City doesn't like this share. There will be a reason, much the same as there was a reason for Afren IMO. A 25% hedge is nothing in the current environment. Extremely speculative.

Yep, i agree Food...

This was on thin ice... almost the last area it could have bounced from...and it simply did'nt.
Bears are in charge here... and most other oilies imho....

This could well now be a penny share soon imho.....

Regards,
Trendfriend

uk.advfn.com/p.php?pid=chartscreenshotsh...D&symbol=FX%5EGBPUSD

Low 50's here imho....
Unles it can get those moving averages again...

Regards,
trendfriend

Anybody got an idea where this may bounce from. I think TF may have suggested 18p.

Thinking of going long... not too sure why, just hoping to time it right.

Think PMO are reporting on thursday of this week to.

Much appreciated

Chief, Yes this could bounce from here, but it's extremely speculative at best.
When you consider the main market, oil and massive drops on PMO itself, best left alone.... Stay out imho.
No reason at all to be long on pmo.

Regards,
Trendfriend.