OML

[Russ]

This battle around 1300 is getting boring.Could we please have a breakout now?

[Alibaba]

Okay, I have just prayed for a breakout upwards, should come soon now

[Russ]

Thanks,but I got out.This consolidation phase we're going through is no good when you're in warrants-time decay just eats away the value,nibble by nibble.

[Pluto]

Try trading CFD's as there is no time decay as there is with warrants. Everything is setup for a breakout and if OML closes higher than Friday's close will constitute a key reversal day. I have gone long the share and CFD's at 1300.

[Alibaba]

Hmm.. a lot to be said for praying OML just hit 315

[#6]

i think there is some concern over their Dubai exposure, which may still be at risk. And I don't see any consolidation on the price chart, only downside movements. And Pluto - don't kid yourself into thinking that there is no time decay with CFD's. They have holding costs - big holding costs. Remember that you are charged interest on the entire exposure - OK, i don't think the decay is as bad as a warrant.

[#7]

keep your eye on it, bloomberg said they are looking at selling some big time assets which may boost confidence.

[Russ]

Bugger!anyway,I'm still long inp which is also threatening to break out.(How about a little prayer,Alibaba?)

[Alibaba]

I'm on it