Hunting Share Price (HTG)

Thank you. But there still seems to be softness in the price. I bought some today because 420 was hit at one stage. But I only applied about 20% of the amount I have earmarked for HTG. As to where the price goes from here I don't have a good feel. But it essentially tracks Brent (more than WTI I feel) and is relatively illiquid so susceptible to big changes. But any more insight I would be grateful for.

David

Well done for calling the price drop.

Very informative and interesting, many thanks.

I'm going on historic trends and a bit of knowledge of the company from an employee. I've been in and out of this share since 2004. Even when I was (stupidly) caught long in 2008/9, it only went down to 350. So my feeling is that between 400-420 is a floor and that trade wars and Brexit would only be the same as 2008/9 at worst. FYI I haven't bought back in yet as there still seems to be weakness in the price. But I am confident that if it went to 420 and I bought but then carried on down to 400 that within a month or so, we'll be back in the 500s. The equipment in the Aberdeen yard is evidently growing, ie. it's not out generating income but this company is steady as she goes. It's no wild west PFC but then again it's not as commercially bullish as Weir. I feel that the illiquidity in its trades helps it both ways. It can swing back up as fast as it has recently fallen. I'm working on a "1.1 to the power 7=1.97" principle. In other words a 10% return, reinvested cumulatively over 7 trades would practically double your money. I'm looking for trade no. 4 this year having made 10%+ on Barc, Vod and Gregg's at various stages. Don't be too greedy, be patient, get a feel for the floor of a share and then go in and out. Still feel that I'll make that 7th trade (actually only need 6 now) by Christmas.

Getting very close to your 424p Chaiselongue. Are you using charts to suggest that price, support level?