ENERGULF RESOURCES WKN A0CAFR speculative short trade limit 0.28 the analysts of the tradersreport have yesterday presented their subscribers a speculative short idea to the shares of ENERGULF RESOURCES with the WKN A0CAFR. At the company, an unexplained message to the other ranks in recent months. Only the companies with bad news comes, then there are good, but a few weeks later, again to revise it and absolute concern to worry about. We think that this is a very dubious corporate communications. Fundamentally, you can hardly evaluate the company, because there are not sufficient numbers or facts.
Supposedly the shareholders of the company at the end of March to can expect messages to the current situation. We just wonder why for several weeks repeatedly juxtaposed are issued. In our opinion the shareholders should be supplied rather with facts and not exclusively with speculation. ENERGULF RESOURCES INC is a single Black Box from our point of view.\” Today proposed short idea is based only on a purely technical chart basis. Because the shares could again put under very questionable messages on Friday and sometimes more than 50% recorded gains, we see a good, very speculative short way given. The shares have corrected back strongly in recent months after such price jumps. We think that this again will again be the case. The potential profit to maximize, we would use the level of exaggeration of 0.28 for the building up of a first short position.
This price level was used several times in the past for profit-taking. We see our price target in the range of 0.20 0.23. The analysts of the tradersreport would build a first very speculative short position equities the ENERGULF RESOURCES level the rate of 0.28. We would put an individual E.g. 0.33 closing price based on stop limit in the connection. Educate yourself with thoughts from Bernard Golden . For the time being, we apply our price target at 0.20 0.23 over the term of the next three to four weeks.