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Added another 4,500 shares to my ****nal .
The usual pattern with Jog as the price goes up people get excited . Nervous investors lock in profits but the big boys with big balls are sitting tight and waiting for the excitement . Hold tight any sign of good news these will rocket to infinity .
Lots of small sells getting mopped up, I reckon someone wants them before news arrives.
Only batterymetals knows his situation , if he has just 5% of his portfolio in JOG then it isn't a problem and he can wait and see. POO will be going up , a lot ,so things have to change for JOG and all the others.
https://www.energyvoice.com/oilandgas/north-sea/488428/harbour-energy-forecast-2022-profits/
Note extract on Harbour needing assets to offset EPL
DYOR
BM, yes your lesson learned is valuable. From your focus on what needs to happen to the price for you to get your money back, it seems you are psychologically anchored to your entry price. This is a basic mistake: you might be better off taking your loses here now and investing the remnants of you capital in a stock where you believe in the management. Be sure to buy at the right price though. There are some excellent books available which explain all the many investor errors made thousands of times before . Learning from other's pains rather than experiencing them all yourself is the the number 1 investment rule. I hope you get your money back and then some if you hang on here (you probably will because price anchoring is very powerful). Good luck.
Just five more days of 12% compounded increases and I can get my money back here and walk away from the Benitz show with some valuable lessons learned about not being too quick to trust management.
I hope we will have another enjoyable day or even more.
In the meantime I do believe Surety has discovered the winning moves. I wonder who it will be!!??
PC01 is right the S n R lines tell the tale.
thanks Hindhead , you are right excellent
Apologies, just excited on two big up days as we come to the end of the story (end of the beginning?).
Obviously no idea if there's a leak but does seem odd a massive bounce. But it's AIM...
Just idle talk. DYOR as obviously I have done loads for that last comment.
PC01 appreciate your feedback . The markets are very bullish on oil and $150-$200 figures are being forecast by the experts . This is still significantly undervalued. The GBA is an amazing field close to all the infrastructure. Hoping this smashes the £3 barrier before any news .
How about neither?? How about the fall to £1.60 was because a few small investors were impatient and bailed. And the bounce back to where we are now is other investors optimistic of a sensible outcome? Why does there have to be a leak?? Quite like the other nonsenses written on here over the past few days. Defo think oil at $150-200 is a very reasonable view given massive under investment from the west.
Sitting tight here - prefer the SP up above £3 plse on announcement date!
The Sp has fallen to the rising trend line from March 2020 hit support and bounced.
What do you reckon troops , a possible leak or is it a dead cat bounce ?
Harbour energy updating the market on Thursday.. Budget next week, Ithaca updating toward end of month.. All need a good news story..
DYOR
A dead cat bounce is when a share has nothing underpinning the recent rise, is it fair to apply that metric to JOG ? I think not. It might be that JOG has been expertly P&D repeatedly ? I think a farm in partner is not looking at banking any profit for at least 6 years by which time NS tax rates will I imagine have got more sensible.
Re the Climate alarmists and religion, if you have everything you could want but no spiritual connection to anything then you'd want meaning in your life , in this manner saving the earth has become the holy grail .
As I have posted previously a massive Volcanic eruption will be the most likely end to the HR. The amount of pollution the HR has pumped out in the last 200 years in a tiny amount compared to just a medium sized eruption.
'Our board' reads like a Private Eye column sometimes (that's enough on climate change, Ed.)
I would like to call a leak. Oversold is fine, but this is one helluva deadcat bounce. Who is buying today after last couple of days? I can't believe recent NS deal activity has prompted any institutional investor to get more exposure, and all us retail goons are simply breathing a sign of short-term relief rather than raiding granny's proverbial mattress or whatever 'our' vernacular was again?
RNS this week! The Duke of York, Fitzrovia!
Anthropogenic Climate Change is a quasi-quasi, or actual religion.
You either believe, or you don’t.
Believers should not necessarily have their sanity questioned, in the same way that one should, politely, not question the sanity of believers in most (?) other religions.
They were not O trades but worked orders I reckon.
Re 75% tax on NS oilers perhaps they know where POO is heading ? if we are going to see $200 Bll oil then 25% profit will be huge anyway. $200 Bll oil is likely imo.
James, you are getting excited.
Of course you can buy as two large trades of 43,000 and 77,000 have gone through. We are looking good!!
..Although 300p would be better!
Very positive to be back above 200p before any potential announcement comes along
Good to see. Hoping for 300% from here
You cannot buy there is a shortage . Hold tight holders don’t sell !