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It’s ok mate good luck.
Sorry again.., I currently have no UKOG holding so, by default, I must have sold those as well.
:)
Hi Boovie,
Sorry, I've no idea.
I've traded UKOG much more than any other share and bought at many different prices since just before it got to 11p.
I'd bought at 3.2p just before that and then sold at 10.2p, which was my first ever 'deliberate' effort at trading (although I still thought of it as just an experiment).
:)
Skwizz - fair one m8
"Trading" is a minor activity for me, compared to my whole portfolio.
50% of any and all profits I made/make from trading is always fed into my main portfolio.
I fund all trading from a small separate portfolio which is self-funding (and not in the Stephen Sanderson sense).
If I make a mistake (as I did a year ago with '3OIL') it never affects that.
:)
Hi Stocky,
Yes, you're correct.
About a year and three months ago I had 50% of the investment I'd grown in UKOG from trading, invested as a long-term punt.
I'd taken the other 50% (+£50k) out and added to my normal 'safe' portfolio, elsewhere as the amounts had grown to beyond that which I felt comfortable trading by then.
The remaining 50% I'd bought in on the way down from 1p to about .5p.
I did trade some of it on the way but the overall volatility had diminished and I only managed about 15 trades in that time.
Over the next nine months I only managed 10, but it was enough to reduce the loss (on that 50%) to almost break even.
I did post a while ago that I was selling and sold my last a few weeks ago (my 26 Jan 2021 08:57 post "SOLD!").
This has generated lots of "Why are you still posting here when you're not invested?" feedback from the rampers.
For the same reason I always have.
I'm interested in making money.
If I saw an opportunity here I would re-invest.
But, as I have said on many occasions, I've found that possibility a lot harder to imagine since my run ended two years ago.
The dopey thing for me is the rampers moan about people on this board when they're not invested.
But that's why they ramp the share in the first place.
They can't convince people with experience, they need new visitors to con.
Just part of why this board entertains me so much.
Just a reminder, all the money I've made here came from just £1,000.
Long before I sold out I'd already put 50 times that back into my regular portfolio.
Leaving the rest here was a punt, but I could only ever lose money I didn't have before anyway.
It was a no-brainer (although if I were to go back in time, knowing what we know now, I wouldn't have left it here at all).
:)
Skwizz
Have you sold the shares you bought at 1.18 or still have them ?
Forgive me if I am wrong Skwizz, but did you not once say "that is £50k still invested in UKOG", referring to your own portfolio?
Not trying to be funny m8, it may not have been you, just wanted to sort that out in my head.
GL SR
"I never invest more than 1% of my portfolio in an Aim share"
That's the correct way to do AIM.
Otherwise it's too risky.
The timing of my original investment was extremely lucky but, even if it hadn't been, I would have lost less than 0.1% of mine.
GL
I added more yesterday. ATB
MJFMSG......your bravery deserves reward......hope you get it mate......it apparently works for Warren Buffett.......as Noel Whelan shouts when Leeds score "GET IN" .....good luck mate
Sageman, nice to have a decent conversation mate....i think many holders don't post because of the naysayers on here.....they don't bother me no matter what they say....i get slated but I don't care....good luck with your investments...be happy.
If you look at it from my point , I am buying low , ok , most would say money wasted , but if it went to 7/8 p bingo
Hi Ozzy, I don't post here often but my posting history is visible to all. You can see when I invested and that initially I was supportive of management and SS. I still hold shares and would be very happy if SS turns it round, I have just lost all reasonable hope.
Sageman,I can see why genuine investors get angry......someone once said "don't get mad, get even" ....it may take a long time but that's my intention.......many posters want this company to fail......obviously I dont.....many posters lie about being holders.......I don't include yourself in that....things could be happening soon....then we'll find out one way or another....we'll see...I can wait.....I don't need the money yet......stay safe mate......hope all goes well for you
D.O.Y I am lucky that I never invest more than 1% of my portfolio in an Aim share initially and never more than 2% (allowing for averaging down). It has saved me on U-DOG. I also sold the bulk of my U-dog shares at circa 0.22 and moved over to Alba ( it is in my posting history). Irrespective of the actual £'s involved (£1000 to you and I is 50 pence to David Beckham) the actions of SS leave much to be desired. I am a big boy and accept losses. What I find annoying here is that SS lied. If someone says the odds are 10% you bet one way. At 40% you bet another. SS led us to believe that whilst U-DOG was not 100% guaranteed it had a very high probability in terms of success. I invested expecting a high probability ( and invested accordingly) whereas if SS had said the odds were 25% I may still have invested but maybe a quarter of the amount. That is what annoys me most, the misrepresentation of risk.
Ozzy , you have never said anything about me. No worries mate.
Sageman, where and when have i said that about you
Ozzy, I am no fantasist. I trusted the walking C U next Tuesday called Sanderson. I bought in at 1.8. I worked my magic through trading and got my average down to 1.3. If I felt that I could get SS in a court room for perjury I would. Fortunately I am widely diversified and my portfolio has made large gains elsewhere but I am extremely angry. Sanderson has lied and mismanaged at a level that transcends incompetence. If I ever met him he would be left in no doubt as to my views. He sees PI's as a source of free money. People to dupe . There is no interest to pay. Simply spin them a plausible story and get them to fund the next commercial disaster. All the time the despicable Sanderson smugly smiles and collects his inflated salary. I am literally fuming and Tymers is equally as despicable.
Swizzy Abbott at it again.... Now in historical order..... "I'm finally out....sold remainder at a loss" .....then..... "Managed to sell out at break even" . .....now " I did manage to extricate enough from the handful of trades i managed last year to make it worthwhile "..............click on the name skwizz........read the history.......go back further.......a complete fantacist......the sums are even more ridiculous
Averaging down works if the value goes back up enough that your profit margin is lowers and you can get out earlier.
Otherwise, unfortunately, it's really just throwing good money after bad.
I did try it myself before I realised the volatility had left.
But I did manage to extricate enough from the handful of trades I managed last year to make it worthwhile.
Sorry the muppets dragged you in, Ash.
I've no positivity left on this any more (a small chance of a turnaround but it needs BIG changes for that to happen), although I've tried to see the good along with the bad until the beginning of last year.
But it's settled in a range at the moment, of around 0.13.
One day it might be up a little, the next down, but mostly holding around 0.13.
The next share issue (which I believe must come) will be the next real effect on the SP.
Wish all holders luck, or at least some opportunity to exit.
Turkey Basur-Resan (37 MMbbl) - it is likley drilling is now underway or certainly plans are now being put in place, this seems UKOGs priority at the moment as per RNS
Horse Hill development- this will be pushed on once we have an understanding of Basur-Ressn, per RNS
Loxley appeal in July as per RNS
If you look at the slides regarding Basur-Resan it looks extremely promising and will certainly enhance the company and deliver value to shareholders.
A lot of pain for LTH and its time for things to change.
GLALTH