Share tips thread

[amir_j]

matsmith said:

not sure what the point of that post is amir_j?

To see if anyone can advise why the share price dropped so much, markets were down yesterday but not 18% like RKH ans strange when a not overly worrying message released.

So is this a price correction, are RKH taking too long to give more indepth updates on the find etc etc

[matsmith]

I take it your a novice to the markets Amir_j? Its not unusual to see a 40%-50% drop in the share price of such companies. The price action after that rns was ridiculous but it was inevitable that rkh were going to pullback, caught a few suckers in the process no doubt. Im keeping my opinion to myself about where I see it going as there seem to be a few people invested in the falkland oilys

As it stands we dont know anything meaningful about the well, so its impossible to give an accurate value for this company, and as has been covered on one of the other threads about rkh its not going to be a straight forward or cheap process getting the oil to market

I was more curious about why you posted that trade data?

[amir_j]

Novice- yup!
Regrads to the trade-was just an obsevation from III's trades listing as someone clearly thinks its worth speculating with

[uk_vette]

dirty boy said:

I'm a bit stuck at the moment with what to be looking at.

I'm heavily into oil companies (propective and producing)

Current oilies (in no particular order)

Afren
Tullow
BP
Rockhopper
Gulf Keystone
Borders & Southern
Desire
Sterling Energy

Does anyone have any shares they like/hold/watching?

Looking for inspiration, not advice. Happy investing guys.

TOI

[honest_delboy]

Please sign in if you're in as much pain as me this week.

How much further to drop? AFR down to 14p again ?

Sold HAWK at a 40% loss and its dropped another 20% after.

No spare cash to top up (

[amir_j]

honest_delboy said:

No spare cash to top up (

Addicted?

[twinturboz]

All in all nothing is looking good. We seems to be dropping 1-2% daily. With the Usa Dow futures looking down 100 points right now, if it stays the same were probably looking at another drop at 2:30pm.

Not good times but that's the way this game goes, you have to take the ups and downs. If your already holding positions then there's not a lot you can do, if you've got the cash then its difficult to decide when to top up and average down and if you don't have the cash then it's a case of do you hold and wait a few weeks/months or do you sell up now in the hope that you can buy later at a lower price and make up the loss. The latter is difficult in reality.

In times like this you need to reflect on your strategy, if things are moving down daily then why not look (with caution) at the option of shorting stocks to make money on the way down.

Overall were approaching support levels on both the Ftse and SnP which may be a good sign if we bounce off them but my gut feeling is were going to go through them.

The most important thing right now is not to panic, we seems to have volatility right now that we haven't seen since last year. This makes it difficult for investors and they are most probably sitting on the sidelines. So right now imo its a day traders market and has been for a few months, my trade of the day was shorting BAY when news of the injunction overturn came out most probably will be closing that position by the end of the day as you just don't know what tomorrow will bring.

What ever strategy you guys are using best of luck.

[Dr Phibes]

5055 now, will we see a drop below 5000 before close of play tomorrow? it looks possible now, we are now at the same point as the Feb low (excluding the 5th May event).

Edited by Dr Phibes on Thursday 20th May 13:39

[twinturboz]

Reckon we may see lower than 5000 today but more importantly its if it closes below or not.

[Dr Phibes]

twinturboz said:

Reckon we may see lower than 5000 today but more importantly its if it closes below or not.

True, its such a barrier and I don't think it will be pretty if we do cross it but then again we tested it twice in Oct and failed to see any further dips.

Who knows!!

[amir_j]

My managed funds were all up yesterday bar one
My trackers and shares on the other hand being decimated so sticking to what I can analyse till the next bull run!! No more shares next two quarters.

[auditt]

are we in for another dippppppppp

[amir_j]

Many countries are teetering on the cliff edge, it could be a horribly prolonged V shaped slam or a rough bumpy road. If all does become rosy then the Gold bubble will burst taking many victims there.

Time will tell, next big milestone is the budget (if Eu doesn't screw up more, rumours that the short selling ban etc may be enforced across Europe so lots of nervous professional investors around)

[twinturboz]

How close was that to 5000, for now it was good to see it bounce from there. We shall see what tomorrow brings, I reckon maybe a small rally tomorrow as we've fallen so much today but who knows.

As for the short selling ban I doubt highly that Europe will follow Germany and in any case its a ban of naked short selling not short selling in general.

[Dr Phibes]

We are through 4972 in the aftermarket, tomorrow could be fun

[twinturboz]

Weird how the markets work huh? Were up and in fact have just turned positive for the day lets hope the yanks don't crash the party.

[honest_delboy]

What a bananas day, must have nerves of steel to trade this market(which i haven't)

[twinturboz]

I know most of the people on this thread play in the market for real but is anyone up for a bit of fantasy trading?
Start with £100,000 £10 commissions and stamp duty is factored in.

http://game.lse.co.uk/join-game.asp
game name = pistonheads
password = ph

Edited by twinturboz on Thursday 27th May 10:25

[honest_delboy]

Thought i'd drag this old thread up to see how everyone was doing.

I'm pretty good but it looks like some people have done very very well, take a bow.

[robsti]

Encore Oil has being doing rather well!