Trading the stockmarket (NO Referrals)

Im really pleased with my DES holding, I've got a fairly large ammount @94p average :)


Dont think I'm going to take any profit, I'm quite confident of them stricking oil with four wells being drilled back to back and the fact they must have learned a lot more about the basin from previous drilling and RKH's success.
 
I'm completely out of DES...for now. Decided to transfer the money into NPE.

DES for me are way over priced currently, with what looks like a succesful Rachel drill already priced in to a degree. I think there's more to lose than gain now in the short term at the current share price.

I'm going to follow the same path as I did with RKH, if there successful then I'll buy. There will still be plenty of upside after they've hit oil, as we've seen with RKH. Plus RKH own 7.5% and ARG will rise off the back of it as well so will help make up some of the potential profit I lose out on by not getting in before results.
 
Anyone else thinking that ITM are going to be great over the next year or two?

Not that I would normally equate my investing style to that of a game of chance but i'm debating going "all in" on them.
 
wow - solg is going mental.
i was 50% down about 2 weeks ago and now i'm 400% up - but its something i would never have predicted and i wouldn't have recommended it to anyone.
 
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