Cluff Gold plc, Petrofac Ltd

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Cluff Gold plc - Sell - stock finished down on the day despite rallies elsewhere!  However it rose over the day but also fell the previous night - I would have then purchased at this lowest price and would have made £365.80 a more than satisfactory amount for a day's trading.  However with the overnight loss would I have gone ahead with the purchase?

However I realised I moved into the purchase of this stock too quickly and on consideration would not have purchased this stock due to its current price volatility - I profited today but that was as much my good fortune and I cannot of course rely on that.

Do I think Financials will continue to rally or enthusiasm will dampen over the weekend?

Petrofac Ltd - price stable, under-bought and trending upwards - reservation is fundamentals reaction to Oil in the short-term could pull this share back.  Monitor over weekend commodities situation.

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This page contains a single entry by Stuart published on September 19, 2008 6:15 PM.

Technical Analysis - role of Fundamentals was the previous entry in this blog.

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