Trading the stockmarket (NO Referrals)

gjrc · 13 Oct 2010 at 09:43

Bilbo said:
I'm tempted by Rockhopper seeming as it's dipping in price at the moment.

well they are refuting the claims that the well might not be as rich...

tempting but then i have already taken lots of profit.... think i might stick with what i have.

Beansprout · 13 Oct 2010 at 10:00

Nothing bad in the RKH RNS. Nothing unexpected. You have to be conservative in CPRs and it's *good* that Sealion is complex and barely-tested. Hold tight

Ranger07 · 13 Oct 2010 at 10:49

I used today to get into RKH, the company has tremendous prospects.

Billy 2 Sips · 13 Oct 2010 at 10:55

Agreed I topped up at £3.61.

smokedog · 13 Oct 2010 at 11:05

Beansprout said:
Nothing bad in the RKH RNS. Nothing unexpected. You have to be conservative in CPRs and it's *good* that Sealion is complex and barely-tested. Hold tight

DJ newswire said:
a technical report scheduled to be published by the end of the year won't now be published until the second half of 2011 because its consultants told it that if the report was produced today the resource estimate would be about 30% lower than 242 million barrels.

DJ newswire said:
The company said it is considering selling shares as a way to raise money for the next stage of exploration at the North Falklands basin.

Frenzy · 13 Oct 2010 at 11:30

Is there a noobs guide to this?

Kingy · 13 Oct 2010 at 13:14

Crying shame you can't buy RKH in an ISA...

Dr House · 13 Oct 2010 at 13:37

OK bought a lot of BARC at 292.75

I am aiming for 310.

Simon · 13 Oct 2010 at 16:26

Big tree shake at Des and Rkh?

robgmun · 13 Oct 2010 at 16:38

yes

stick with des for the next few months however

Patient Keeper · 13 Oct 2010 at 16:38

Desire and Rockhopper are basically just gambling, u might as well stick the money on red in a Casino.

Anyway I'm in on Desire @ 135p, I had short on Monday when they were 160p, price still seems too high for a company that actually has NO oil, but oh well.

Panda · 13 Oct 2010 at 17:12

I'm kicking myself over not getting out and back in DES the other day. Hindsight is a wonderful tool !

Dr House · 13 Oct 2010 at 17:31

Patient Keeper said:
Desire and Rockhopper are basically just gambling, u might as well stick the money on red in a Casino.

Agreed which is why I have 10k on DES which after today is now 8k

Duke · 13 Oct 2010 at 17:33

Dr House said:
Agreed which is why I have 10k on DES which after today is now 8k

Only a loss if you sell them though

Patient Keeper · 13 Oct 2010 at 17:37

Duke said:
Only a loss if you sell them though

Dangerous words

smokedog · 13 Oct 2010 at 18:06

Patient Keeper said:
Desire and Rockhopper are basically just gambling, u might as well stick the money on red in a Casino.

Desire is a gamble for sure, but Rockhopper has found oil. How commercial or available routes to market remains to be seen.

Patient Keeper · 14 Oct 2010 at 08:45

Well there is a reason you shouldn't read any of these rumour boards like II. There was a reason why I was short on Desire - its got no oil, no production and absolutely nothing with a market cap of £600m (or was), yet a company like Soco International is £1bn with potentially 400m barrels added to reserves in the coming week and predicted 55,000 bpd output for next year.

Yet somehow reading that II board I convinced myself to close my short position and go for a long one.

Duke · 14 Oct 2010 at 12:27

Gone back in with ROK but with less money than before, so don't mind the risk so much now. Oddly as soon as it went through it went up £120 (after duty and fees).. timing or what

Dr House · 14 Oct 2010 at 17:37

Not a happy boy today lost around 12k in the last 2 days on top of another 6k A few weeks ago

Simon · 14 Oct 2010 at 17:48

Falkland shares?