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Tuxedo u are right, after the CPR report we will be transparent for both our investment value and expected takeover expectation..feel peeps who bought below 10p still realise their capital and profits..imo
IMHO in September once we have the revised mgt estimates of reserves we will see a speculative bid
Stu/BMU
Perhaps your predictions are better than your phrophecies but if you're explicit it surely brings scrutiny.
The flash crash scenario tweaked my interest as do many of your posts. It could yet come to pass but at a more mollusc pace than you expected. I'm sure your experience in these matters trumps us mere mortals.
Btw ....welcome the the Hurricane Underwater Shareholders club.
"Give it a rest Stu, repeating the same thing incessantly. By the way, it's August not September, and if you really think this RNS is somehow going to push the SP here to the moon you need your head testing."
My post even predicted your post...
"Able to buy/sell shares easily sub 5p.
Well Stu it seems that this isn't quite the flash crash you envisaged.
On your significant set of bells and whistles can you see any sign of waves of new buyers for your New World Order or is it just our happy shorters closing their positions?"
And this one too.
Just how explicit do you expect me to be?
Able to buy/sell shares easily sub 5p.
Well Stu it seems that this isn't quite the flash crash you envisaged.
On your significant set of bells and whistles can you see any sign of waves of new buyers for your New World Order or is it just our happy shorters closing their positions?
Bump.
For curiosity. To be fair Hereshopin Stu/BMU did state it could be sooner.
^^ This thread from Tuesday is interesting.
Yeah so this thread is really and is 2 days old.
Hmmm, are we going to flush out buyers here?
Tin hats on (again)
This news just crystallises what was already known.
It is largely priced in, it is why HUR is not 60p.
However... a year after first oil the -6 well is still the most prolific oil well in the UK. The company is regularly shipping a lot of oil, making a good profit and sitting on a mountain of cash.
The finances stuff is real. That’s what the serious people care about.
Well Stu,
You’ve got your rumour.....in ink though, so let’s see how this plays....
Good insight or lucky guess, you called it, so fair play.
C
Algorithms at the ready BMU?
Sounds like an adventurous guess, fingers crossed tho
....and in the event how low are you saying this could go? Indy
/ / Wouldn't it be interesting if... / /
Quite likely there will be a mini flash crash on this in September (or maybe sooner).
If you do witness it live, do NOT try and trade it via a retail broker platform (how cute), you will not be able to buy back in.
During such events the spread is always huge (the ask might actually go up! as MM's back off and pull liquidity from the order book) and most of the volume will happen inside SETs auctions and SEAQ anyway (most of you here won't have access to either of those).
It doesn't take Einstein to figure out that HUR is a ripe flash crash opportunity (for a trading house) for one very particular false rumour. That one particular rumour can provide enough of a cover story for a flash crash (one which nobody would bother to investigate). Such a flash crash will flush out the weak over leveraged positions, if this sounds like you(?) then I suggest you shore up your trading accounts with deposits BEFOREHAND (during August).
If you put some limit orders on the bid early in the morning each day from here on, you might get very very lucky (I doubt you will get filled, but certainly possible). Whole thing will be over in less than 20 minutes before it fully recovers and goes on to close much much higher on the day. After the high volume flash crash event the brakes will be off and I doubt you will see these low prices again (I guess it's possible way out in the future).
This window has been open long enough, but soon it is going to close, just watching the last few lemmings jump off before the reversal patterns start being painted. Cheerio! Lulz. Don't want Camel's noses under the tent.
If you are not using leverage relax, you can use August to stockpile popcorn and wait for the fireworks.
But big reversals need big volume and big volume is drawn to big volatility. <- Herein lies the truth. When the fast market starts and the volatility expands the spread will blow out, so waiting for the volatility expansion to happen before buying is a mistake that you will regret.
Sort your positions out now. Some traders know how to manufacture big reversals, most don't.
If you see such a flash crash.
Do NOT fight it.
Do NOT trade it with a retail broker. You will get shredded by a giant spread.
It will be scary at the time, but you have been forewarned.
Just remember... This is the volatility that will draw the volume that will drive the reversal.
This "shared musing" is not financial advice!
I am pretty confident from past experience that nobody will act on this post. Even after half of the events mentioned herein have actually happened, people will queue up to decry why this post is wrong.
DYOR, etc, etc.