Trading the stockmarket (NO Referrals)

Anyone else getting tempted by Yell?

Down to 18.5p today.

Also sold my XTA at 1100, LLOY at 71.75, and AV. at 390 the other day. Waiting on some better prices to buy back in again... :)
 
Anyone else getting tempted by Yell?

Down to 18.5p today.

Also sold my XTA at 1100, LLOY at 71.75, and AV. at 390 the other day. Waiting on some better prices to buy back in again... :)


Yep,

Sold off half my RBS at 47p waited a few days and bought into Yell yesterday at 19.5p. Don't think it will reach the hights of 50/60p anytime soon but hoping for a rise over next few months.
 
Well I bought RKH today and its 7% up now, only sad thing is i Sold FOGL to buy the RKH and FOGL is 9% up lol.

Im going to have to hold my Yell for a long long time before I see my money back lol.

Im back into XTA again hope to be out at around 1100 again.
 
Kea Petroleum plc (AIM: KEA) the New Zealand based oil and gas exploration company today notes the following statement from Australian Stock Exchange listed company AWE Limited ("AWE") and its subsidiary company AWE New Zealand Limited with regard to the Tuatara-1 well. As previously announced drilling at the offshore Tuatara-1 well began on Tuesday 27 July.



AWE Limited advises that at 0600 Australian Eastern Standard Time hours today (16 August 2010) the Tuatara-1 well was running cement plugs prior to abandoning the well.



Since the last report, the well was drilled to a total measured depth of 1,911 metres, during which minor oil shows were intermittently reported over the interval 1,790 - 1,850 metres. Wireline logs were run, but no zones of economic potential have been identified.



Tuatara-1 is located in PEP 38524, in the western Tasman Bay in the southern part of the offshore Taranaki Basin.



Partners to the PEP 38524 joint venture, via their wholly owned subsidiaries are:

Kea Petroleum plc 10%

Carnarvon Petroleum Limited 10%

Roc Oil Company Limited 20%

AWE Limited (permit operator) 60%

This release has been approved by non-executive director Peter Mikkelsen FGS, AAPG, who has consented to the inclusion of the technical information in this release in the form and context in which it appears.
 
Put my money where my mouth is on Syncronica today.
Lets see where this goes in the coming months. :-/

Personally I'd be careful on that one. It's interesting reading all the share chat on various boards about them with people getting all excited about it.

What they need to realise is many companies have tried, and to an extent failed, with exactly the same thing.

Will be interested to see where it does go, and for investors sake hope it all goes well.
 
Topped up with DES on yesterdays dip. Hindsights a wonderful thing..... wish i'd bought my previous lot at that rate.... ho hum..
 
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

Come off it - do you really believe this stuff 'triangle range' - what on earth is a that supposed to mean?

Technical analysis really is just turning into a complete cargo cult style methodology.
 
The same could be said of any reckoning on share prices, you cant be sure of anything. The main reason why TA would work is behind every sale is a person at some point buying or selling, people move in herds and thats mostly what its tracking.

It improves the odds anyhow, like card counting
http://www.stocks-n-options.com/descending_triangle.html



Range's 5 day average price is just above where it closed today. Its more likely it'll repeat last weeks action


10th Aug 2010, 13:16
Right after I said that the price rose but the net effect was $80 oil went down to 74.82 now. Thats a 6.5% price fall which does qualify as a breakdown like I said, I find it helpful anyhow.
Some people do it in their head without graphs. It might go to 90 tomorrow but probably not

Its fallen a lot now relatively. Usa contracts expire tomorrow which should be turbulent, over the last two days oil held the same low prices.
Its more likely to rise from here, 76 is major resistance

http://img818.imageshack.us/img818/2283/crude.png

http://img801.imageshack.us/img801/3779/img12822549333815494750.gif
 
The same could be said of any reckoning on share prices, you cant be sure of anything. The main reason why TA would work is behind every sale is a person at some point buying or selling, people move in herds and thats mostly what its tracking.

It improves the odds anyhow, like card counting
http://www.stocks-n-options.com/descending_triangle.html

its nothing like card counting

you can't simply reason about a form of analysis, like most things you tend to need evidence - do you have any evidence for the reliability of a 'descending triangle' for example? Simply assuming something works because its printed in a few books, a few other people use it, or it looks like it worked before on some charts you saw are the sort of traps people tend to fall into when buying into this stuff.

some of the stuff homeopaths will state might seem almost logical/reasonable too - its all irrelevant pseudo science tbh.. unless you've actually got some evidence to back it up
 
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The evidence for card counting would be that you win more often, so often that they ban people for it.
I think both cases are based on probability theory but the only solid proof is to see if you 'win' more money or not from its use.

I wouldnt advise buying for one reason alone. I find its an aid to judgment as its normal every day for prices to reverse but then you dont want to lose out if its going to keep going up or breakout of its previous range is how I'd phrase that hence thats what I was describing with a triangle shape. So its a means of describing not the story itself
http://en.wikipedia.org/wiki/Technical_analysis




Trouble in Puntland ? or maybe this is normal

Military initiative

"Puntland is a very weak administration and if it loses the military initiative, there is a strong fear that it will have a southern-like scenario," said Rashid Abdi, a Somali expert with the International Crisis Group.

"Its forces are better organised than those of the Transitional Federal Government in Mogadishu. But they can't withstand alone a determined insurgency for a long time."

Clashes between Atom's fighters and government forces began in late July, when the militants attacked Puntland forces near Atom's home base, a rugged and mountainous area about 30km outside of the region's commercial capital, Bossaso.

Puntland's security minister said his forces had killed more than 30 militants since the fighting started, a claim denied by Atom.

The March report by the UN's Monitoring Group said Atom was importing arms from Yemen and receiving consignments from Eritrea, including mortars, for delivery to southern Somalia.

Atom's "activities pose a growing threat to peace and security in both Puntland and Somaliland," said the report, noting that "Atom appears to be preparing to confront both the Puntland and the Somaliland authorities more directly."


Abdi says Atom "is hijacking a long-running local feeling of marginalisation," a situation where some clans feel locked out of the running of the state's affairs.

Atom's Warsengali clan cited that lack of consultation between government and clans when they took arms up against security forces in 2006 to object to a plan to conduct surveys in the mineral-rich area of Gal Gala.
http://www.news24.com/Africa/News/Somalias-Puntland-hit-by-violence-20100819

old case study by the firm
http://www.rangeresources.com.au/fileadmin/user_upload/In_the_News/Range_African_Energy.pdf



http://img716.imageshack.us/img716/7398/img12824268383182684341.gif
 
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The evidence for card counting would be that you win more often, so often that they ban people for it.
I think both cases are based on probability theory but the only solid proof is to see if you 'win' more money or not from its use.

I don't see the relevance of card counting at all - you're comparing a game with some unseen information and some 'memory' of past events whereby you can gain a small edge. The unseen information is finite, you're not going to suddenly be dealt cards to the value of 10002948283 the edge you'll have from playing perfectly over a large sample can be calculated exactly. your probability of winning given a particular count etc... can be calculated exactly. It can be proved there is an edge in the first place. The conditions always stay the same if you're playing to the same set of rules.

With a lot of techniques in technical analysis you often don't actually know there is an edge to start with - even where there is evidence of an edge you're estimating the probability of success from past results, conditions change all the time your unseen information isn't a small finite set of known data. But yeah the main fallacy is that you'd need to at least have some evidence that a particular technique works, for most there is none, for subjective techniques testing is virtually impossible to start with so you can already dismiss them as nonsense.
 
I have 358.000 units in the Equity Index Tracker Fund... Anyone have any experience with this?

80% in the UK and 20% overseas apparently.
 
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