Any Ideas on OML movement

[HateGauteng]

Ouch this hurt. Wasn't even in the office. 50% of my position closed out. This will teach me to stick to my system. I'll have to buy my way up again if there's a chance.

[divz]

youre right their hg say after me 10 times "stick to your system" when greed or fear creep in you start to doubt your system ....dont, just keep fine tuning till it works for you.

[akashmaha]

nice support coming in. Good sign.

[HateGauteng]

Price increased rapidly. Just wondering if I should stick to my exit point?

[divz]

hg it was end of quarter today could be reason why sudden surge i assume oml may have been a popular pick for the day

[HateGauteng]

Ok. Reversed my position and went short at 740. Hope it works otherwise price runs to the moon and I'm left with the short.

[Galuc]

I'm with you, expecting a turn tomorrow or I will be high and dry!

[#8]

Why ? OML broke resistanse today

[#9]

I agree... with my indicators i use would of longed today... just my 2c

[Theater_Cat]

Why? Well maybe because the 26 week EMA is still declining; Stochastics and RSI overbought; against bollinger band; rise on low volume. Company still in the poo... However, in this market any share can go either way regardless of fundamentals or technicals - the tail is swinging the cat with the whimsicals of the Dow.

[#11]

Stochastics ?? just have a look at the weekly Stochastics That all you have to do ! Gap to close at 860

[Theater_Cat]

Sure - that was the case Monday as well went price went down 7%. Nothing is certain in this market.

[#13]

yip and the DOW tanked 3%

[#14]

Theater cat, just don't want to see this go down, I have some of these at 585 and my target is 860 :) So don't want to here anything about shorts LOL lets see what happens

[#15]

I agree, definately broke resistance today. Dow breaks 8000, this is going to have a ball.

[#16]

You know how they say support, once broken, becomes resistance? Well OML is now trading at pre-feb support levels.

[#17]

OML Probably going 800 TODAY.. Rand looks strong to dollar and pound..

[#18]

Anyone planning on going Short OML at R8?

[#19]

Why???Next resistance is R850 or so. First time in a long time I had such a nice profit on a share.

[richardw]

It's coming onto the horizon but I'm inclined to let it run a bit more. Everyone's feeling pretty festive because "it's all over" and OML price is still pretty low on many fundamentals.