Tuesday, February 16, 2016

ASX:88e fell after short sellers and option takers

 88 E Energy,  rose  Monday to .042  from previous Wednesday close of .oo7
BUT Yesterday and today it fell due to all those short sellers cashing in and also those about to buy  their options, they sold  to cover costs.
 NEVER THE LESS, 88e's North Alaska field has been referred to as possibly the largest oil and gas field ever found.

If this proves to be correct, then we can still be optimistic..
If it proves wrong, then e make sure we haven't invested much, and we might lose  our modest investment. 
the Bollinger bands showed that Mondays price was overvalued. the high rose outside the upper band.  Right now it may be ready for a squeeze and a further rise. Lets see.



Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360. Do your own research. Make your own decisions.

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