GKP

Ive not changed any setting on my software???
It must be your browser or your end as every thing still looks the same on my computers.
Happy New year

diver993 wrote: KK,

The chart sizes question: Remo appears to have changed something in his software and charts now show to the bottom right-hand corner, which I personally think is useless, so the external link is the only way to see them properly

Thanks for that F4T

..and thank you for taking time to post your thoughts over the Christmas period. I wasn't gonna post myself but as you made the effort..... I thought I'd have a little look from a different perspective.

What I do notice is a symmetrical triangle on the chart - my chart's a bit slap dash, but it's identified by black dashed lines (yup - slap dash! ha, ha!) I've copied each converging line and plopped them roughly to make parallel channels to roughly see upside/downside targets and they do tie in with the fibs somewhat. The thing is, it's tough to call direction as it's slap bang in the middle of range for me at the moment. Also it's not the most reliable pattern until it breaks either way. Though if it does break to the downside, it's usually decisive, so the 50p and a co-ordinated RNS (LOL - very true) would be the important downside area for a bounce, and also there is more room to move upwards to the 76p area without a breakout.





From an Elliot wave perspective - as long as it doesn't breach the 42.25p low this can still be the wave 2 pullback, if it does.....'twas all just a correction to prevailing downtrend.
However a bounce above 48.5p if it has peaked, may identify a minor i and ii wave before iii of the 3 if that makes sense?!

I can't see a lower low though, as I reckon oil is around it's lows now and it's correction should be up taking the sector up for a ride.(hopefully!) But this is GKP, so never say never, just watch those targets I'd say. What the hell 76p first, then a pullback! Ha, ha, Happy to be wrong

Here's a bit of info on symmetrical triangles for anyone not familiar.
stockcharts.com/school/doku.php?id=chart...riangle_continuation

Happy new year all. Back in the New Year.

Hi All,

looked at this again but no change in view. SP still held by same downtrend line. Top value still in high 80's which is a must sell if it gets there for holders.

Expect this to retrace from current level, key areas being 60.25, then 57 (61.8% fib). After that 48.50 and then 42.25. 57 is important because if that goes then we will see 40's.

IMO, per my previous post, we would have seen 42.25 (or at minimum the uptrend line at 44.50/45) on the last fall if it wasn't for that suspect and timely RNS. You have to say that GKP play the RNS game well and people buy in every time. The financials will bear out the opex questions as those are audited. Expect another RNS when we break 50 again



Regards
F4T

Hi KK,
will post a chart overt the Christmas period. Currently my ceiling still holds though, the stock is not worth more. A fresh look might change these views but I doubt it. Will also look at all the recent posts as I haven't had a chance to in recent weeks.

I didn't say that the CEO hadn't quoted the 400k, I said that the number was ridiculous. Anyone with a cursory knowledge of upstream field costs or any costing for that matter would see that. So the costs were previously 400k +the market value of own fuel now consumed in their place? Fairy tales....
GKP has a sound history of inflating numbers lol.

Merry Xmas all.

F4T



GKP has a long history of inflating numbers.

KoolKeith wrote: F4T - he's right CEO said savings of $400,000 per month, and he's right - GKP is owed $250 million in back costs, also regular payments pending so it is neither totally ridiculous or pure fantasy, listen to what he sayeth as he sayeth the truth....even though this shouldn't matter how you see the charts.

However, seeing how ridiculous you thought it was, yet being the truth - will it change your mind about dancing on the 80's ceiling?....Nothing to do with Lionel Ritchie, but see what I did.

I'd love to see your thoughts in a chart F4T 'cos ya got game my friend! ...Well you've called it better than anyone!

and "it is incredible how the two often collide in mutual harmony"


Merry Christmas y'all!

KK,

The chart sizes question: Remo appears to have changed something in his software and charts now show to the bottom right-hand corner, which I personally think is useless, so the external link is the only way to see them properly

dl.dropboxusercontent.com/u/7238706/GULF%20KEYSTONElongView.png

KK, the labelling is just a question of interpretation. If we are being strictly accurate maybe we should label them (b) / 2as they could eventually be either. Labelling causes so much dispute I usually don't post labelled charts anymore but you did ask so this is my version. I don't hold it to be perfect nor even correct, but it means something to me, and that is all that is important. Equally, I respect other versions of the 'truth' as they mean something to those that draw them. I'm just hoping that 42.50 is the low