Trading the stockmarket (NO Referrals)

Oil explorer Max Petroleum (MXP) announced that a development well had found oil at a greater depth, potentially extending its existing Zhana Makat oil field in Kazakhstan, sending its shares up 4.25p to 15p. The company said its ZMA-A15 development well had found a 30 metres of net oil pay, in two parts, one as it expected in the Jurassic geological zone and one in the deeper Triassic zone. If oil can be produced from the deeper zone, as is done in a neighbouring oil field, it would mean an extension to the Zhana Makat field, the company said.
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RRL still trundling along, it briefly dropped near to its prior breakout price. Its recovered and is still in an uptrend but needs to start a rise soon or we may be going to 5p which should be support

GKP confirmed last weeks move back to an aggressive uptrend but I dont think this can last without substantial news so I expect nov previous high 123 to be the best price. 98 for support

Crude oil continues an uptrend for now. Dollar news tomorrow apparently may move things


FOMC at 7.15pm apparently

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I think the biggest mistake made by novices to the markets is trying to trade rather than invest.

I am useless at trading so never trade. As an investor I am doing really well.

Chasing fast gains can easily lead to big losses.
 
sicknote said:
I think the biggest mistake made by novices to the markets is trying to trade rather than invest.
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Yes, agreed. Trading costs can kill rookies - you need to be making a few % above the market just to stay even, and that's difficult.

But at the same time, if you want to learn to make money trading then one thing you need to do is get comfortable with risk, and the only way to do that is to actually expose yourself to some.

The book Behavioural Investing by James Montier http://is.gd/ebbsw is a great one to read for someone just starting to trade. It explains the common psychological pitfalls that cause people to lose money trading, and gives tips for avoiding them. Maybe not the best £8.29 you will ever spend, but certainly the one that will give you the most return.
 
Thanks Smoke. Think I will sell here and stick to the plan, might be a mistake but since I hold other small oil it doesnt seem wise to juggle too much at once.

Also a few larger factors are in play today such as crude which appears to be breaking down out of its recent triangle range. Very hard to predict and depends on dollar worth but seems reasonable for me to take profits on this

I bought GKP in March (and may) in the Iraqi election as it did not appear to be as bad it could have been. However this many months later though the KRG are getting along with Baghdad well, the prime minister is struggling to secure power unfortunately

Would rebuy on a substantial pullback though it seems very strong and this rise comes on good volume.
Profit taking would be normal unless its really undervalued which could be the case, I only skimmed through various RNS recently



RRL appears to be pretty dire compared to its previous surge however just now its bounced off that uptrend again so its still on a positive course just about.
This is the 3rd test of that line in the last week which seems to suggest backup from support at 5p may be required. It may be that it declines till news arrives I dont know
Price range remains above yesterdays opening low


With such a strong rise in GKP I expect other iraqi or kurd shares to follow a bit. BP operates in iraq in a smallish way I think


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very tight spread, its upto 7% normally. is that bullish at all
 
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Its owned by the banks isnt it, shares at 10p might have been worth a punt in case it lives on hence its risen but not now

bonds > shares


I'll wait for rbs at 10p again. Heard a few people talk of a larger down move this time, of course it already happened a few times.
The main point being it keeps happening and causes a new low, the average 3 month price is going down so we have massive negative momentum to the market direction

I do wonder if smaller shares are safer in such times as they are already valued at the risk of failure or CNT like mentioned

http://img444.imageshack.us/img444/5945/largeq2cnw8l.png


RRL was interesting this week, lowest price was 5.2p which is low but not quite at the expected support of 5p. Plus I dont think the volume was impressive so a rush of buying is not apparent all the same it was pretty positive in turning away from further falls.
I do think this ends the very aggressive rise it had to 7p but the idea of the longer term smoother ascension since January to continue is alive and well especially as it stays above 5


Crude Oil did break down firmly from 81. Back to 76 and its supported here. Ive heard 60 mentioned but even if shares did drop, oil is slower to move

GKP did top at 123 but stayed up. Next week targets would be 100 to 125 and 74 is still the larger support.
74 isnt impossible because the uptrend gradient is so aggressive it can trip over itself


CAIRN, biggest 'little' oil explorer?

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This is a 45m small cap, Plexus holdings. Well head design to stop bp type disasters, any takers ?

http://img442.imageshack.us/img442/2116/posx.gif

Puntland internet forum ? :O
http://www.somalinet.com/forums/viewtopic.php?f=246&t=252038&start=0
 
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What happened to RKH and DES today?

I just sold my holdings in ROGL at 5k loss and bought into RKH.

Lets hope they bounce back again tomorrow.
 
I've seen positive news for BritishLand (LON:BLND). I expect their share price to rise sharply in the next 4 - 6 months.

- On 03/08/10 they signed a deal with UBS to provide 700,000 sq ft of space.
- Recently they let the remaining space in the Broadgate Centre.
- Shard and Bishopsgate have begun construction with prelet's being signed. Heron International is nearly complete. There is demand for office space in the city. 122 Leadenhall anyone? ;)
- Currently BritishLand is undervalued.
 
silversurfer said:
Why today, its down 50% this year looks like. Still seems like a nice idea but debt cashflow probably is the biggest factor

74 employees for a company valued at 10m. Revenue is 3.4m so far

http://www.proactiveinvestors.co.uk...lises-for-emerging-markets-success-19764.html

What happening to rkh on thursday? A support level for them would be 261 I think
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Why not today :)
Some good things seem to be happening. Positioning themselves well.
Loss reducing
Hoping it's bottomed out about now.
If it keeps sinking. I'll buy more unless I see something I don't like going on.
Does feel a little gamble but what the hell! :D
 
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