GKP - Research

I had a long GKP spreadbet position from 143p with a 10pt stop (not guaranteed). My position was £20 per point. My position got closed this morning at 111p and not somewhere close to 130p as I would have expected. I have looked at the IG charts and there seems to be trades from 138p and downwards this morning. I will be writing to IG for confirmation, however is this peoples experience and given the large drop this is expected? It is just the first time it has happened to me.

Thanks

yep...87 is the area that could get targeted .
This down turn is not over for gkp . So best not to top up from current levels. Just wait for a 123 low to form to give you the green light. The best level to go long on GKP now is 87 on a first attempt basis.
This had an evil gap down today. ive noticed when shares do a bit of recovery and leaves a long tail after a gap down there could be a chance that the low of the tail could get tested over the next few days. So dont rush and buy. Just wait for a good support level if you wanted to buy and that level is 87 but you still need to have a stop in place.


dl.dropboxusercontent.com/u/4899609/gkp13thmarch2014.png

Where to now? 87p?

www.investegate.co.uk/gulf-keystone-petr...201403130701092123C/

Uhmmm....not sure that's what investors were expecting...

Cheers Remo posts crossing as I typed ....


Tight Lines

Just answered it myself I think, if we are lower today then we must be still in wave 2 and wave 3 is to come as long as 143 does not get taken out.