Trading the stockmarket (NO Referrals)

Keep eyes on KEA PETROLEUM.

Up 11.5% today - i bought in last week, some good news regards recent drilling so might go well over next few weeks

Kea announces that the Ensign Rig 19 spudded the Beluga-1 well on Sunday 9 May. The target depth of 4,000 metres is anticipated to be reached before late June
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ajstan said:
Why is it tempting?
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They're due to hit total depth on a well in the not too distant (end of month reportedly), which should be a goody if all indications are to be believed. Some are touting this to hit 12p.

Of course DYOR as they say on the various share forums. :)
 
randal24 said:
They're due to hit total depth on a well in the not too distant (end of month reportedly), which should be a goody if all indications are to be believed. Some are touting this to hit 12p.

Of course DYOR as they say on the various share forums. :)
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I'm seriously tempted to dump my rbs shares for this for some short term gain, what do you reckon?
 
robgmun said:
I'm seriously tempted to dump my rbs shares for this for some short term gain, what do you reckon?
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I reckon you shouldn't take my word for it. :) Have you read their press releases/RNSs over the last 6-12 months? Good place to start if not.

Personally though, I'm quietly confident that news should pep us up quite nicely. 12p may be a little adventurous in the short term, but if the good news keeps coming then there's no reason why that can't be hit.
 
Last year i was lucky with my investments in oil co's and it paid off with GKP and AFR, but i want to emphasis the word luck! I think once you've made decent gains, rather than throw your money around recklessly, you tend to be more cautious. I don't like too much risk these days lol.

To all newbie investors: you have to be aware, there's a MUCH higher chance of an oil co hitting dust or encountering problems than making a commercial oil discovery. The way i tend to play oilies now is...wait for them to fail ! then i buy amongst the panic selling, either sell on the bounce or hold medium/long term. I find this less stressfull than buying into a co while its rising amongst a load of hype then holding for months till target depth and hoping for the best.

Also, if you are lucky enough to buy any stock at the bottom, don't get too greedy, it could be your downfall! Never be afraid to take profit on the way up or topslice for a free ride.
 
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back down with a slight bump today.

had BA shares (i rate Willie Walsh) put a stop loss at 10% below my purchase price and at one point on friday it dropped 1p below that level. £1k sold at £888 :(

now back up at £2.08 which would have put me at £100 in the green.... livid.

anyway now have £888 i need to reinvest.... hunting around for ideas...
 
Sorry to hear that gjrc, mm's can see where the majority of stop losses are and are known to exagerate a drop to hit them. Manipulation some say.

I would never offer tips but i will say i went back into banks a couple of months ago. Bumpy ride but i feel they're a good long term hold. I hold a diverse funds portfolio too, pretty stress free those.
 
Jeffstar said:
Sorry to hear that gjrc, mm's can see where the majority of stop losses are and are known to exagerate a drop to hit them. Manipulation some say.

I would never offer tips but i will say i went back into banks a couple of months ago. Bumpy ride but i feel they're a good long term hold. I hold a diverse funds portfolio too, pretty stress free those.
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yeah i bought a ton of BKIR at 1.20. made a load out of them.

will take a look at them...
 
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