Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Wyn - getting out before results is also a system or strategy isn't it, otherwise also known as de-risking? I'm sure many at HE1 would have executed it and did quite well out of it. Those who didn't, probably paid too much heed to noise and got sucked in by DM's overly bullish commentary during the drill. That's probably where intuition/gut instinct/experience comes into play.
I don't think we will get that type of commentary with ADV though. Different kind of situation, but also, a different type of man at the helm in LP, who I don't think will engage in the glass raising muddy antics of DM.
I think Rum you might be referring to HE1 and the "argument "was his insistence that only fundamental research can win the day. Unfortunately for all involved (in HE1) that simply highlighted that no system is fool proof and only, ever, ever bet what you can afford to lose.
I should stress, however, that I enjoy your posts and always take note.
Probably more who appreciate your input than vice versa; even so, I don't think it's you per se..maybe the fact you're opinionated, possibly. Case in point your arguments with spacetomato hahaha
Only been trading a year, but I learn quick.
Hi Rum! if i'm the only one who takes stick then I think its pretty clear the problem is with me and the way i post rather than anything else! Ha ha.
Good luck on your intuition, which is shorthand for a lot of experience I imagine.
For me I will wait for close of play figures to try and discern if the market is trying to tell me something of if its just noise.
A lot of TA is just sitting on your hands and waiting.
Anyway, good luck.
I gotta say Wyn, you are perhaps the only chartist I've come across that gets stick (occasionally), and on multiple boards too. You take it well though. For myself, I respect your opinion.
Although I plan to use charts in the future , as my experience and skill increases, for now I rely on intuition, which I think is generally pretty good.
I got my partner to invest 250k at 3.4 but she has been playing around with it a little recently, which I don't agree with and let her know; she's not speaking to me atm. As for myself, I had the feeling this would come back to 4, and don't believe will go any lower than 3.9, so I put 250k in at 4.
Thanks Rhum for sharing. I'm also here medium-long term as I think the ADV team is incredibly experienced and have all the cards in order to deliver exceptional returns if one is patient. ADV can repeat what RRE did as we are only at the start, the difficult part is to hold most, it has its risk but it's also were exponential returns could be generated.
Whatever our individual interpretations and strategies, we all have to be happy with what looks like lift off here this week. We should form a higher support line than before, whatever happens for the rest of this week, and that bodes well for the run up to spud and beyond.
Just to add each to their own. atb
@ontarget by going into a spud on a free run you have effectively derisked your investment, i know of at least 2 other investors/daytraders who are on a free run going into the spud.
I wouldnt confuse risk on spud/drill with risk on investment. I think thats where the confusion lays. I would say most investors i know day trade as well hold for results.
A little general info. My cousin is a Project Engineer with 30 years experiece working for major oil companies , presently he is based in Singapore. I sent him a link to ADV site and technical info in May this year.
He has just switched on hid UK phone , studied the info and generally gives it a thumbs up and plans to make an investment in ADV.
His view is the outcome has limited risk ( there is always some ) but the outcome is positively skewed to the positive.
I have been invested here since IPO and have 6m which I intend to keep as a long term hold.
Not a fan of TA then, ST?
My personal view is that there’s not going to be anything stopping this getting to around 5p by spud. A fair bit of side movement post-spud and then considerably increased excitement pre drill results around Xmastime. Any sign of decent outcome and then well, it’s lift off isn’t it. The sky will be the limit with my initial target going into double figures
Not sure it really is 'derisking' at this stage - is there really much of a risk between now and the day before the well results? Suspect it's just plain old profit taking / rebalancing.
I am one of those who was looking to take some profits at 4p (and then look to trade that again), but as there still appears to be some momentum I'm happy to leave things for now. Might be a bad decision but this will keep going higher IMO. If not this week, then quite soon.
Morning DBD. I'm sure that others will take profits on the way up, a profit is a profit and we all have our strategies. For me it's just the start and after waiting and building a position for more than 1 year I'm going to hold most especially now that we are finally getting very close to spud and drill ! Will probably sell a small part post spud and ahead of drill results.
Ah, noted Jezzac. Apologies to anyone who might take that negatively . It was not meant so .
@DPD you have to be careful mentioning "derisking" on here as someone dont understand it and will attack you then filter you if you do mention it :-)
But yeah ive seen a few twitter post already saying they have taken some risk off at 4p.. (im not one of them)
Rum,
Its a bit too early to say I think, because the rise is not potentially done yet. but right now the resistance of 3.62p becomes the support but it does not mean it will go necessarily go back there to test it.
However there was slow down in the rise of the last few sessions at 3.80-3.85p, so that might be the place it comes down to..
But as I say i only post this as you asked. At this stage, as of the close last night imo, there is still enough room for further modest increases (say 4.3-4.5p before a likely fall back.
And the caveat to that is, from a TA pov, we take one trading session at a time depending on what the trader uses, whether its 1minute , 5minute, or close of play time intervals, We wait for the market to tell us what is most likely rather than predict what we think the market will do. (its a subtle but vital difference.)
Jez was quite right i think in his recent post when he said consistency in the use of the individuals system (Time intervals, indictors etc), is also vital when using charts to make decisions.
Don't know if this helps much?
I assume the churn has started again with fellow investors derisking around this point (i recall many had 4p target for derisking).
Ha ha! yes, Jez, I am the same as you, I keep it very simple on indicators and maybe even more so just relying on the RSI to give the likely areas where the SP will fall or rise in conjunction with very obvious support and resistance lines. But it seems to work much more often than not, why look to complicate things.....
atb
Wyn, where do you think it will retrace too? My feeling is 3.95-4.05 range. I don't see it going any lower.
@Wyn if you look at the bollinger bands, ichimoku clouds, fib levels with the golden cross in alignment with pisces in virgo this will hit £1 on a tuesday with a full moon.. :-) :-)
@jezzac, we've only just begun, we start out walking and learn to run!......it says so in the song. glta
But.... we must expect a retrace soonish as we are likely getting into overbought territory if we finish up today.
So, its going to be volatile I think in and around here for a few sessions.
The way i see it playing out is the "greedy" will be buying now after the last few days of rises so they don't miss out further , and the traders will be selling off into the rise because they expect a retrace, and this will unnerve some of the "greedy "who will sell and that retrace will being back in the traders and wiser owls waiting to get in on a dip.
(Its quite the world I invent to justify my confirmation bias!) :0))