Man of Honour
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RRL's silence makes me nervous but on the other hand the potential gains make it worth the wait...
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
Oh well, missed the boat today, school boy error of not having a limit order set up I suppose.
Still, with an 8 mil buy apparently gone through on a delayed trade (I can't see it though) I guess there might be more to come tomorrow. :-/
If it hits .34 I'm out.
Looks like someone got mugged @ 15:21
Night all.
Still, with an 8 mil buy apparently gone through on a delayed trade (I can't see it though) I guess there might be more to come tomorrow. :-/
If it hits .34 I'm out.
Looks like someone got mugged @ 15:21
Night all.
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Soldato
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Up 16.19% since start of this month. Could be another failed start but its mostly finished its sideways movement I think, that just leaves up or down
Was a nice RNS but how can they really have 1bn barrels of oil and the company is worth 70m. I take it there is a lot of if and buts on even the 335m barrels 'oil-in-place'
They could drill every one of those prospects and come back with sand and just burn money for nothing
I read a nice article in the telegraph about a granny who is unfortunately disabled but invested £400 into dana at 1p now more then a decade later they are bought for £19 and granny gets cheque for 74k , actually I check again its 760k
Tom cross ran them and now runs parkmead, a common connection between the two being Faroe oil (north sea)
So maybe the rrl dead calm or 'bobbing about' is normal, I wouldnt know.
A chart they show in there giving volume data is something I recognise as mildly bullish, which is a declining price matched by roughly lower volume
More recently the price has been rising every time it went near the 5 day average price. Thats bullish also, I guess this rns would match that
I find it too confusing to risk selling really. I just try to judge charts and I cant see any reason for me to sell. I try to learn from my previous mistakes like AGK . rrl is very small holding for me but judging by that grannys story thats all I need
The oil price closed at its lowest for 6 weeks. If we should get a proper low in oil nearer to 60 or 70 even then I'd be more interested in other prospects or regular deals like some of the north sea producers
Longer term I expect oil to be at 100 with corresponding uk petrol prices
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Associate
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Could be another failed start but its mostly finished its sideways movement I think, that just leaves up or down
Was a nice RNS but how can they really have 1bn barrels of oil and the company is worth 70m. I take it there is a lot of if and buts on even the 335m barrels 'oil-in-place'
RRL currently up 14.5% in aus.
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Associate
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Brilliant, just having a read. Hopefully will be well received on AIM.
RRL is by far my largest holding, hoping it makes up for my recent missed opportunities in BMR and HER (selling out too early
)I've got to admit I'm tempted to take a quick profit and wait for it to fall a little after the news.
I think most of us on here are neither day traders (closing positions before the market closes each day) or buy and hold types.
It seems like people (inlcuding myself) are holding for days, weeks or months and then selling depending on prices/opportunities.
Personally, my longest holding is one I've had since February and a month or so back I got in and out of Argos (ARG) in a 3 day period which was my shortest duration for a holding.
Man of Honour
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About time for RRL to wake up
Should've set a sell order for my HER @ 3 but isn't hindsight wonderful, it's just retracing as expected though.
There are so many good exploration shares at the moment - it's almost ridiculous how many have at least tripled in the past month or two. The thing is we don't hear about the ones which dive eg LDP which I have a small holding in which has lost 50% since I bought it. But as it's a v small holding I'd rather take a gamble on a long game than sell and actually make a loss.
Earlier in the year I would buy/sell more actively but now I'm holding and haven't sold any shares for a while. I don't have time to track all the ups and downs and trade the market, much as my friend and I have chatted about having a mini-competition.
Should've set a sell order for my HER @ 3 but isn't hindsight wonderful, it's just retracing as expected though.
There are so many good exploration shares at the moment - it's almost ridiculous how many have at least tripled in the past month or two. The thing is we don't hear about the ones which dive eg LDP which I have a small holding in which has lost 50% since I bought it. But as it's a v small holding I'd rather take a gamble on a long game than sell and actually make a loss.
Earlier in the year I would buy/sell more actively but now I'm holding and haven't sold any shares for a while. I don't have time to track all the ups and downs and trade the market, much as my friend and I have chatted about having a mini-competition.
Man of Honour
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Could be worse, you could've bought HER at 3.32p and be sitting on a 40% loss right nowRRL is by far my largest holding, hoping it makes up for my recent missed opportunities in BMR and HER (selling out too early
Associate
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RRL up 45% at 9p early on
XEL looking good for a break through 300 today/ early tomorrow. ( currently 293.5 )
XEL looking good for a break through 300 today/ early tomorrow. ( currently 293.5 )
Yep there my main two stocks so am pleased that RRL is starting to move a little.
Associate
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Well that's me out of RRL, out for 9p - makes a very nice profit. Hit 11p at one point but I've got a feeling it'll settle at 8p
RRL is the type of share you need to trade the spikes. It hit 11p this morning now back down to 7p. Wouldn't surprise me if we see 6p again.
Does anyone know when the next news update will be. On the RNS it just say "in due course" which could be months.
Associate
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this gets asked a lot, just have a quick browse on the last 5 or so pages. lots of opinions.
I personally use x-o.co.uk , cheap at 5.95 per trade, no bells and whistles though. Suits me fine.
Soldato
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Halifax right this moment is offering no commison purchases for shares but thats just for a couple hours. XO is also cheap, depends if you want to deal £500 or 10000
Not all news is scheduled. I suspect a move of this size will echo for some time, I have support at 6.7p so looking for the share to form a base above that and possibly continue to gain.
This amount of volume confirms the break above that level so it should hold now or it would be very negative if not
Like when buffet bought into coke, he was buying those shares every day for months not all once because it would cause a spike, too much attention draws in the big sharks. People didnt know just how much he liked it till he was forced to reveal his holding size was above 5% or whatever.
So I think that phenomena is fairly common and the fact behind my echo expectation for possible gains. If it did reverse completely, something would not be right imo
5 day average price is 6.18 and 200 day is 4.9p
http://img813.imageshack.us/img813/5602/img12900843594717436969.png
Also looked at rockhopper using similar reversal theory limits and its also looking reasonable though I dont know the facts or schedule behind why its fallen so much its familiar I guess. Has volume been good, higher on up days lower with the falls? Not sure if 234 is a reasonable target for rkh, the 200 day average price is fairly nearby
http://img547.imageshack.us/img547/4791/img12900844760802449108.gif
Not all news is scheduled. I suspect a move of this size will echo for some time, I have support at 6.7p so looking for the share to form a base above that and possibly continue to gain.
This amount of volume confirms the break above that level so it should hold now or it would be very negative if not
The price had already been stealthly rising, any time it does that someone is buying in regularly in order to avoid this kind of spike.
Like when buffet bought into coke, he was buying those shares every day for months not all once because it would cause a spike, too much attention draws in the big sharks. People didnt know just how much he liked it till he was forced to reveal his holding size was above 5% or whatever.
So I think that phenomena is fairly common and the fact behind my echo expectation for possible gains. If it did reverse completely, something would not be right imo
5 day average price is 6.18 and 200 day is 4.9p
http://img813.imageshack.us/img813/5602/img12900843594717436969.png
Also looked at rockhopper using similar reversal theory limits and its also looking reasonable though I dont know the facts or schedule behind why its fallen so much its familiar I guess. Has volume been good, higher on up days lower with the falls? Not sure if 234 is a reasonable target for rkh, the 200 day average price is fairly nearby
http://img547.imageshack.us/img547/4791/img12900844760802449108.gif