Trading the stockmarket (NO Referrals)

SAR are up and down like a yoyo from what ive seen over the last 2yrs

MTV RNS has caused a drop, hopefully it will return.
 
People have read it the wrong way and have sold up thinking it's a bad thing.

Seems like a good move to me, MTV no longer need to pay interest payments on the loan, but the most telling thing is the company ended up giving up 5 years worth of interest payments at around 9% to get a stake in the company, this clearly tells us that the loan company expect to see more than a 9% return per year.

RNS is a good thing if you look into it, i'm just seeing it as a good way to get more shares at a cheap rate.

Just hold tight till we hear news about what contracts have been signed, MTV really should have issued a better worded RNS, they are usually good at this sort of thing (unless it's been done on purpose ;) )

Another good thing is this has shaken all the weak investors out!
 
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I love the Pyscology behind some of these RNSs. :D

You topping up then? Sounds like you have a fair amount in them already? I have read people were struggling to buy shares earlier
 
I keep sticking 1k in whenever the price feels right, just done a dummy buy i'm getting 0.85 on 1k's worth, not bad, tempting to sell some of my losses in other shares and try and get the money back in MTV.

I'm in for about 10k currently, last topped up at 1.039 with my top buy price being 1.265 and bottom 0.565.
 
Think it's set for Somalia news in early 2011, soon as that's out the SP will start heading North, we need news of a Spud.

MTV Wise:

I've seen this tactic before - release a slightly down RNS immediately before releasing the big positive one - thereby creating a small drop and accentuating the large rise the next day - better for PR, for new shareholder interest etc. For example - they didn't release this today, and FIRST released the good news tomorrow - price goes to 2p. THEN they release this news - price goes back down to 1.70 - looks bad. This way, they release this today, share price drops a little, then release the good news quickly after - price climbs to 1.70. We end in the same place, but the increase on the good news appears larger, gives shareholders confidence, gains good publicity etc which is all better long and short term, as it looks like a share on the up, not already over a peak and on the way back down. Very clever management of news to gain maximum pr and shareholder advantage.
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I have a small positive hold in RRL. Not fully decided how long i'll hold for, we shall see what the coming news does......
 
For those in XEL they released an RNS today saying that they have entered into a Letter of Intent for a "Rowan Norway" N-Class Jack-up Rig...a production rig :cool:

Still awaiting RNS on flow rates but if thats not a positive sign I dont know what is.
 
ScottehBotteh said:
For those in XEL they released an RNS today saying that they have entered into a Letter of Intent for a "Rowan Norway" N-Class Jack-up Rig...a production rig :cool:

Still awaiting RNS on flow rates but if thats not a positive sign I dont know what is.
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i'm super bullish on xel - huge potential.
 
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