Trading the stockmarket (NO Referrals)

People punt penny stocks aswell as holding ftse companies, poeple talk about them more as they tend to move more.

There are some good links to follow in here and if he wants to trade it's worth reading everything he can in my opinion. You soon realise that bulletin boards and forums have snippets of info and data that you can pick out from the rest of the crap.
 
google naked trader and buy his book. Unfortunately if it was all about knowing things the best traders would be people with a phd or something but as seen with sub prime the real genius people with twenty years experience can make obvious mistakes. ie. no one can tell you what you should know.

read the ft or dont, some traders just watch prices its more about the spirit and style in which you trade thats likely to determine your success, you only need to know enough to stop yourself going cross eyed when looking at balance sheet or whatever.
I say this as someone who mostly lacks the guile that Im fairly sure is what makes the real big money in trading, some call it luck.
investing is more sensible and less profitable



70% of stocks I hold are the multi billion type big stocks but that includes sipp holdings. Anyone else here use a sipp?


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Emed lost all their gains from the other day 12% or whatever. Rio tinto roman era copper mine among other holdings
They floating on the TSX and issuing tons of shares, valued 35m raising another 25m.
Not sure what its going to do exactly, have 0.08% of funds there.

http://en.wikipedia.org/wiki/Rio_Tinto_(river)
riotintorivercarolstoke.jpg
 
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That was almost a century ago and if you read his fictionalised biography you'll find he was also rather good with figures. Rather less efficient markets back then - these days there are lots of smart people who are good with figures....
 
XEL and BMR both down today and with all the comments flying around from everybody and their dog about how I should be selling now or buying now I've decided to stay off some of the more intense investor boards and check back with them once the flow rates of XEL are released and BMR sort their licences out :)
 
Would Tullow Oil be a good investment? They found the first oil in Ghana today, and plan on producing 55000 barrels per day. £12.15 a share at the moment, down 1.73%.
 
I was so close to hitting up BARC yesterday. Finger hovering over buy just to get a small rise, not necessarily a long punt.

Keen to see what happens at open!
 
Bah, Americans ruining my good BP run!

At least MTA is well up again now with their two new wells coming along. Hopefully they've fixed the water issue.
 
Ironic Namesake said:
Looks like this was already factored into the price - there seems to be concern over what is going on in Uganda , as always DYOR :D
Click to expand...

See the last king of scotland for an excellent film on uganda


Barc is being well beat up in general, not really easy money. 254 area is a point thats been tested many times now

Thinking about xel being a buy at 190 if it got there. fpm looks good now


chrisxuk said:
Would Tullow Oil be a good investment?
Click to expand...
Faroe has a 12.5% share in the joint venture at Anne Marie. The other companies involved are ENI Denmark (25%), Dana Petroleum (25%), OMV (20%), Cieco E&P (12.5%) and First Oil Expro (5%).
Click to expand...

Dana had a good rise like Tullow, so bit of a link is its founder after dana being bought just like tullow is now at parkmead who also has part of fpm


Random spam telling me how to get rich, think it must be options:
Code: 
47 total trades. 32 winners, 15 losers, 68% win ratio
10-month return 338%. $10,000 grows into $43,831.84

Ticker	Ex	Stripe	Type	Price	%P/L	Entry Date	Exit Date	Capital	Account
PBR	Sept	95	P	4.3	100%	8/15/2006	9/11/2006	860.00	10,860.00
XOM	Oct	70	P	2.8	100%	8/30/2006	9/12/2006	1,120.00	11,980.00
ECM	Sept	10	C	1.1	14%	8/15/2006	9/15/2006	169.40	12,149.40
CL	Sept	60	P	1.05	-100%	8/15/2006	9/15/2006	(1,260.00)	10,889.40
EBAY	Oct	30	C	1.25	-100%	8/30/2006	10/20/2006	(1,125.00)	9,764.40
WB	Oct	55	P	1.8	-100%	8/15/2006	10/20/2006	(900.00)	8,864.40
STLD	Nov	55	C	3.4	100%	8/30/2006	10/24/2006	1,020.00	9,884.40
HAL	Nov	25	C	3.6	100%	10/2/2006	10/25/2006	1,080.00	10,964.40
S	Jan	16	C	2.1	100%	10/16/2006	11/9/2006	1,050.00	12,014.40
BRCM	Nov	32.5	C	1.25	100%	10/16/2006	11/15/2006	1,250.00	13,264.40
NVDA	Nov	30	P	2.8	-100%	10/2/2006	11/17/2006	(1,400.00)	11,864.40
PDCO	Jan	30	C	3.5	100%	11/15/2006	11/21/2006	1,050.00	12,914.40
RS	Dec	32.5	C	2.7	100%	10/2/2006	11/21/2006	1,350.00	14,264.40
AA	Dec	27.5	C	1.4	100%	10/30/2006	11/22/2006	1,400.00	15,664.40
ROK	Jan	65	C	2.8	100%	10/16/2006	11/24/2006	1,680.00	17,344.40
HET	Dec	75	C	2	100%	10/30/2006	11/28/2006	1,800.00	19,144.40
EXP	Dec	40	C	1.4	100%	10/30/2006	12/5/2006	1,960.00	21,104.40
XHB	Dec	33	C	2.75	100%	9/15/2006	12/6/2006	2,200.00	23,304.40
AG	Jan	22.5	C	3.8	100%	9/15/2006	12/11/2006	2,280.00	25,584.40
CSC	Jan	47.5	C	3.7	100%	9/15/2006	12/27/2006	2,590.00	28,174.40
YHOO	Jan	25	C	2.4	100%	12/15/2006	1/16/2007	2,880.00	31,054.40
PEP	Jan	62.5	C	1.4	100%	12/15/2006	1/18/2007	3,080.00	34,134.40
COST	Jan	52.5	C	1.6	100%	11/15/2006	1/18/2007	3,360.00	37,494.40
BNI	Jan	80	C	1.6	-100%	12/4/2006	1/19/2007	(3,680.00)	33,814.40
BUD	Jan	45	C	3.6	58%	12/4/2006	1/19/2007	1,879.00	35,693.60
AMZN	Feb	37.5	P	2.15	-100%	1/5/2007	2/16/2007	(3,655.00)	32,038.60
NEWP	Feb	20	P	1.5	-10%	1/5/2007	2/16/2007	(315.00)	31,723.60
IBM	Apr	100	P	4.6	100%	1/19/2007	3/1/2007	3,220.00	34,943.60
CSC	Mar	55	P	3.9	-5%	1/19/2007	3/16/2007	(180.06)	34,763.54
SLB	May	67.5	C	1.95	100%	3/15/2007	3/22/2007	3,510.00	38,273.54
ACI	Apr	30	C	2.65	100%	2/1/2007	4/9/2007	3,710.00	41,983.54
GS	Apr	190	P	4.5	-100%	3/1/2007	4/20/2007	(4,050.00)	37,933.54
AVP	Apr	40	P	2.75	-58%	3/15/2007	4/20/2007	(2,233.00)	35,700.54
EK	May	25	C	0.45	100%	4/19/2007	4/25/2007	3,555.00	39,255.54
DD	June	50	C	1	100%	5/3/2007	5/7/2007	3,900.00	43,155.54
NVDA	May	30	C	2.15	100%	4/16/2007	5/7/2007	4,300.00	47,455.54
HD	May	42.5	P	3.6	17%	3/1/2007	5/16/2007	795.60	48,251.14
BRL	May	55	C	3	-100%	2/15/2007	5/18/2007	(4,800.00)	43,451.14
SNDK	May	47.5	C	1.4	-100%	3/1/2007	5/18/2007	(4,340.00)	39,111.14
GES	May	40	C	2.9	-100%	4/9/2007	5/18/2007	(3,770.00)	35,341.14
F	May	8	C	0.5	75%	4/2/2007	5/18/2007	2,662.50	38,003.64
BIIB	June	50	C	$0.75	100%	5/7/2007	5/22/2007	3,825.00	41,828.64
TOL	June	30	C	$0.65	100%	5/11/2007	5/23/2007	4,160.00	45,988.64
ATPG	June	40	C	$4.20	74%	2/15/2007	6/15/2007	3,418.80	49,407.44
ADM	June	35	C	$2.95	-100%	2/1/2007	6/15/2007	(5,015.00)	44,392.44
FDX	June	110	C	$2.30	-58%	5/2/2007	6/15/2007	(2,534.60)	41,857.84
XRAY	June	35	C	$1.50	47%	5/16/2007	6/15/2007	1,974.00	43,831.84
338% 10-month return
http://www.theinvestorcity.com/vig.php?pageid=1&a=A03010002T01T023
 
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Couldn't resist another little punt on CNR the other day, good news too as it's gone up 10% again today. JORC leak maybe? Fingers crossed.

Medavinci appears to be ticking up steadily as well, very early days on that one but remaining very hopeful for Q2 next year.
 
I'm tempted to top up again on CNR, free commission on halifax trades today before 3pm making it ever more tempting.

Edit: Just bought another couple hundred quids worth, only a smallish amount but with free commission seemed silly not to add a few more.
 
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Fantastic news for XEL this morning.

RNS : -

The Company announces that the flow test of the 9/3b-6z horizontal well on the Bentley field has been successfully completed.



The flow rates achieved demonstrate both the commerciality of the Bentley field and the reservoir properties to be above the upper end of modelled expectations.



Key flow test results were:



· Total flow test of 36 hours including clean-up of 9 hours, with cumulative production to tote tanks of over 2,000 barrels.



· Multi-rate flow tests were conducted, culminating in a final stabilised flow rate of 2,900 stock tank barrels of oil per day.





Richard Smith, Chief Executive Officer of Xcite Energy, commented:

"This is an outstanding outcome for the Xcite team and for the industry contractors to deliver this successful well test on Bentley. This flow test fully demonstrates the commercial potential of the Bentley field and the long-held belief that Xcite has maintained in this major North Sea asset. We now move on to the first stage production planned for 2011 with an excellent platform."



Broker upgraded from 247p to 600p already

Live price 380p
 
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