Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
Man of Honour
Man of Honour
Tell me about it every site seemed to crash
Held RKH at a 40% loss for some months and was considering selling last week...the discussion boards at www.iii.co.uk are utterly invaluable and recommended to anyone. Just beware that some posters would have you believe an old piece of rope would trade up 5000% in the morning because they saw a star twinkling strangely
Edit: Some people have made £50k+ (well, some millions ie the directors!) on RKH, sadly I don't have anywhere like that amount of money to hand but the £1k I put in has given me a nice bit of holiday cash.
Soldato
What convinced you to buy them over des or similar
Last edited:
The potential returns doesn't justify the risk.
Perhaps not yet, but in a weeks time it probably will.
Amazing! You lucky sod
Is anybody taking the plunge with BP yet?
I know BP have to pay for the clean up, but im sure they will be able to claim most if not all from the contractor Transocean (whose market cap is 22bn usd)
Associate
Congrats to all RKH holders 
I initially bought DES on the morning of the RNS: duster announcement and sold shortly after on the bounce. Immediately bought RKH and held till today, so virtually a free ride up for me. Still buzzing
I initially bought DES on the morning of the RNS: duster announcement and sold shortly after on the bounce. Immediately bought RKH and held till today, so virtually a free ride up for me. Still buzzing
Man of Honour
Looked at the 4 main options and liked RKH best, seemed to have the most going for them.
Bought DES after their massive fall but only a small amount, still, better than a slap in the face with a wet fish!
Now, what's gonna happen tomorrow. Tempted to sell as my nerves can't hold much more and I have real work to do, but RKH has potential to shoot up even more if the good news continues.
Soldato
Always leave some profit in the price for the next guy seems like good advice
So des is up 150% in 3 days but I thought they didnt find oil. It kinda amazes me how much risk people will take but I guess it paid off here
So des is up 150% in 3 days but I thought they didnt find oil. It kinda amazes me how much risk people will take but I guess it paid off here
Associate
DES rose on hype alone, a discovery was almost priced in before the crash. I was waiting that morning following the weekend news leak re: duster.
I sold RKH today because i expect drift down on profit taking, can always go back in again cheaper.
I sold RKH today because i expect drift down on profit taking, can always go back in again cheaper.
Soldato
The market assumes the worst and the best case scenarios. I guess the clever thing to do is to buy and sell somewhere between the two extremes because neither is that likely
Worst case Ive heard for BP so far is that it will pay 200bn in damages and either be bailed out or become part of government. I'd say Ive got better chances of winning the lottery then this happening really, relate that to a price point and you have a reason to buy I guess
Weakest stocks (usa), GS, BP and our own VOD or vodafone are listed here
http://stockbee.blogspot.com/2010/05/goldman-sachs-amongst-weakest-100.html
When BP breaks this negative trend it might rise a bit more nicely. Do we have to wait on news for this to happen or can the chart help predict an upturn at all
At this rate it'll be 500 at next monday or Tues which could be support and lead to a break overall
LSE -
NYSE -
http://img22.imageshack.us/img22/4062/img12736246810074469996.gif
Despite whats being said, BP isnt all british its likely half american so the nyse has some say in the price I think
Price tonight was level but retracted / failed at this trend line
Alternatively ? http://www.stocks-n-options.com/falling-wedge.html
http://img121.imageshack.us/img121/5967/img12736256956834571539.gif
Last edited: