Trading the stockmarket (NO Referrals)

Over Clocker · 26 Jul 2010 at 08:11

RRL should do nicely today?

"News of the drilling programme in Puntland could come as early as this week, after earlier this month Range raised A$10m (£5.8m) from an equity placing. Last week, the group also exercised a number of options to raise a further A$1.5m (£900,000) in funds.

A proportion of the cash will also be used to fund a drilling programme in Trinidad, where the group recently acquired an asset. It has also benefited from the revenues it makes from its producing assets in Texas"

silversurfer · 26 Jul 2010 at 10:31

Nice little rise on Range today however until we get more then speculation it seems to be capped by the 5 day average price which is 6.28 both in opening trade and currently

Good volume continues on it though, nearly a full days average before 11am

GKP continues to balance out after fridays 22%, this weeks normal range is about 77 to 94. It could end up drifting back down to 72 on no news

Firestar_3x · 26 Jul 2010 at 10:50

I was hoping for the price to settle just south of 6.4, but still its nice to see so many trades without news plus quite a firm fixed price.

randal · 26 Jul 2010 at 12:45

Positive news for MTA today, share price was up earlier but now 0.06% down. Think the market has had enough of Peter Hind and Co's posturing and will only react on concrete news. Rightly so, just wish said news would hurry up so I can get out of this sink hole...

Over Clocker · 26 Jul 2010 at 14:26

Aloreth said:
What do you guys think of Connaught? There seem to be a lot of people (including all the directors) piling money into them after the share price collapsed.

Firestar - anythink to back your opinion? How close to the company are you?

I hope that you did not buy into these in the end!! Down 75% today!

gord · 26 Jul 2010 at 15:40

That's crazy, who are they? What have they done?

Morgoth · 26 Jul 2010 at 15:51

http://www.dailymail.co.uk/money/ar...naught-share-price-falls-cash-flow-fears.html

Ev0 · 26 Jul 2010 at 16:22

Nice to see Chariot continuing it's little rise, Minerva also picking up nicely again.

Simon · 26 Jul 2010 at 16:42

BP results tomorrow, should be interesting!

Ev0 · 26 Jul 2010 at 18:04

Simon said:
BP results tomorrow, should be interesting!

Surely you could have got us a copy before hand?

Prophet · 26 Jul 2010 at 18:05

Ev0 said:
Surely you could have got us a copy before hand?

Unless you're the American government it doesn't work like that :rolleyes:

Ev0 · 26 Jul 2010 at 18:41

Orange Peel said:
Unless you're the American government it doesn't work like that

Or work in the IT department

PeterNem · 26 Jul 2010 at 19:49

Over Clocker said:
I hope that you did not buy into these in the end!! Down 75% today!

I nearly gambled this morning thinking they may bounce a bit during the day... wish I did now, could have doubled my money for a very short term fling! Wouldn't go there now though!

Simon · 26 Jul 2010 at 21:10

Ev0 said:
Surely you could have got us a copy before hand?

I wish could !

Simon · 27 Jul 2010 at 09:20

Nice start to banks.

Not sure what has driven this all of a sudden, maybe more confidence in the stress tests? I got out anyway as I need to buy a flat soon.

If they do drop massively again I will get in, I new 260p Barc was a good buy last week but again all my money was tied up so I am going to learn from this and make sure i have spare cash - even if I feel like the money isnt doing anything whilst sat in bank.

sicknote · 27 Jul 2010 at 10:13

HZM out of suspension and up 21%......has huge potential. Been here ages.

silversurfer · 27 Jul 2010 at 13:51

Yep cashflow is important, market never moves straight up anyway. More then ever before stocks move together thanks to tracker funds and low individual participation in the market

The basel rules for banks were relaxed apparently, they wont have near term funding problems. Doesnt really matter to market credit vs returns, seems reasonable to sell Barc considering GS reported lower earnings

RRL still has 5 day ma as a ceiling. Its challenging the 9th July big bar, might shake a few people out and let the price fall to a nice level

Simon · 27 Jul 2010 at 14:13

Banks are going nuts, probably like April though and then it will all dive on the next bit of bad news.

And for that reason - I'm out! (at 69p on Lloyds)

Duke · 27 Jul 2010 at 14:24

Simon said:
Banks are going nuts, probably like April though and then it will all dive on the next bit of bad news.

And for that reason - I'm out! (at 69p on Lloyds)

Yup two sets of good results out today thats why

http://www.bbc.co.uk/news/business-10772203
http://www.bbc.co.uk/news/business-10771587

I still need a bit more out of RBS to get back to where I was (sold with good profit then went back in too early).

Shikkaka · 27 Jul 2010 at 16:31

Simon said:
Banks are going nuts, probably like April though and then it will all dive on the next bit of bad news.

And for that reason - I'm out! (at 69p on Lloyds)

Yup, me too at 71.30

Fingers crossed we see a nose dive in the coming weeks and I might buy back in.