Watch Ithaca Energy Inc (IAE)

AdamJ · 04-26-2009, 02:43 PM

Trading on the Canadian Venture Exchange and the London Exchange, this is a UK oil and gas company.

I've debated about sharing this one for quite some time as it is my nickel stock. Essentially it's one of those stocks that I can do a single flip on and usually net at least $500 consistently on 10k in shares.

Their financials are awful and that's why my position is never held any longer than a few days. The day trading results have been sub par to my targets due to low volume which has led me to stick with single flips more recently.

Exchange: TSX Venture
Symbol: IAE.V

VicVan · 04-27-2009, 11:26 AM

As a 'watch' this is ok level of informatuon as not a 'tip'
if this becomes a tip be sure to come back - edit the post above as a 'buy' and write a new thread with the info in. It would be better to add when this becomes a buy etc like if the price fell back. But good for a watch - as others can comment if they disagree with watch level

Cheers

AdamJ · 04-27-2009, 11:38 AM

Thanks TripleV.

Yes, this is definitely no where near a buy but, merely good for an occasional quick flip.
Can't remember did I put this as a buy or a watch originally? It should never have been a buy.

The only way I'd recommend a buy/long on this one is if it dropped below $0.50. They're still some way from being a solid company.

AdamJ · 04-27-2009, 01:23 PM

FYI They just touched their lower band. The last two times they did this they trended up and the last time saw an increase from a low of $0.33 on March 2nd to a high of $0.74 on April 6th.

Keeping my eye on it for the next few days.

AnyncskyncFet · 04-27-2009, 10:36 PM

Hello all,

I've simply joined this site

There are some great articles here to learn

I've just setup my blog and am hoping to use these promational methods

nice to make some new friends along the way

Thanks everyone

04-26-2009, 02:43 PM	#1
AdamJ UberTrader Join Date: Apr 2009 Location: Waterloo Posts: 227 Favorites: OPC WTN GCE IAE QEC ITX Rep Power: 133 Reputation: 1869	Ithaca Energy Inc (IAE) Trading on the Canadian Venture Exchange and the London Exchange, this is a UK oil and gas company. I've debated about sharing this one for quite some time as it is my nickel stock. Essentially it's one of those stocks that I can do a single flip on and usually net at least $500 consistently on 10k in shares. Their financials are awful and that's why my position is never held any longer than a few days. The day trading results have been sub par to my targets due to low volume which has led me to stick with single flips more recently. Exchange: TSX Venture Symbol: IAE.V Last edited by AdamJ; 05-07-2009 at 08:55 PM.. Reason: stock tags
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04-27-2009, 11:26 AM	#2
VicVan UberTrader Join Date: Apr 2009 Location: London Posts: 666 Favorites: ANTO, GE, XL Rep Power: 241 Reputation: 4102	As a 'watch' this is ok level of informatuon as not a 'tip' if this becomes a tip be sure to come back - edit the post above as a 'buy' and write a new thread with the info in. It would be better to add when this becomes a buy etc like if the price fell back. But good for a watch - as others can comment if they disagree with watch level Cheers __________________ Always do your own research and make up your own mind on any stock. Top investors follow themselves, sheep get slaughtered. Any tip, suggestion or comment posted by me is simply a suggestion / prompt for you to make up your own mind. No liability will be accepted. Its not a professional view, its a suggestion. Shares go up and down. Always spread your investments, always set your stops both up and down. If shorting or Futures investing, know what your doing. You cant beat the sharks, but you can swim on their back. Trade lucky.
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04-27-2009, 11:38 AM	#3
AdamJ UberTrader Join Date: Apr 2009 Location: Waterloo Posts: 227 Favorites: OPC WTN GCE IAE QEC ITX Rep Power: 133 Reputation: 1869	Thanks TripleV. Yes, this is definitely no where near a buy but, merely good for an occasional quick flip. Can't remember did I put this as a buy or a watch originally? It should never have been a buy. The only way I'd recommend a buy/long on this one is if it dropped below $0.50. They're still some way from being a solid company.
	1 thumbs up / 0 thumbs down. Rate this post \|

04-27-2009, 01:23 PM	#4
AdamJ UberTrader Join Date: Apr 2009 Location: Waterloo Posts: 227 Favorites: OPC WTN GCE IAE QEC ITX Rep Power: 133 Reputation: 1869	FYI They just touched their lower band. The last two times they did this they trended up and the last time saw an increase from a low of $0.33 on March 2nd to a high of $0.74 on April 6th. Keeping my eye on it for the next few days.
	Rate this post \|

04-27-2009, 10:36 PM	#5
AnyncskyncFet Junior Trader Join Date: Apr 2009 Location: test Posts: 2 Favorites: AnyncskyncFet Rep Power: 50 Reputation: 10	Hey everyone introduction from Stephen Hello all, I've simply joined this site There are some great articles here to learn I've just setup my blog and am hoping to use these promational methods nice to make some new friends along the way Thanks everyone
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