Member Info for 42trader

Which lunchtime?

Did some dummy buys and sells today. Can sell £5k easily but can only buy less than £1k without it going to NT which suggests there are more buyers than sellers around. Ex-dividend day tomorrow.

My average is quite low. I did have a small holding here I sold a couple of years ago that if added would give me an average of about 8p.
I think the point to take is there will be sellers all the way up. Some who have got in low and banking profits and some getting out when they break even. This is quite healthy.
Providing everything goes to plan for the company, the sp will follow. Sealion could produce millions for RKH and send the share price many multiples of the current price, but it won’t happen over night. There will be sellers along the way and everyone has different strategies.

Rkh has broken out of the downward trend channel with higher highs and higher lows.
Hopefully 12p will be next on the cards where there is resistance.

Sadly yes. No sign yet of any reversal as all its doing is slowing dropping. I’m going to research this again now as I believe it could be close to the bottom. 75p looks possible now with as low as 60p could be on the cards. This is still a good company despite the loss of 2 contracts and a possible takeover target. But while it is only hitting new lows I’m looking to buy back in at 75p and add on drops below that. I may do a small purchase today also as you never know when it may turn around.

Good news indeed. I've just averaged up.

Strange, I have it priced by IG at 141p.

I just checked how much margin I would need to go long on Rhodium by 1 point on IG as I think it looks good to rise from here. Sadly I’d need a margin of £52.6k to place that trade. Maybe next week.

Seems the market is slow on the uptake of todays RNS.

Investors need a reality grip here. The RNS was good and has saved the company, but it has not yet been signed off let alone any oil drilled. There are obvious risks and the sp won’t be going to £1 until further down the line. Expect 12p-20p in January when deal is done. RKH need to prove themselves before sp rises further. This does has the potential to be many multiples of current price but investors need to look at 2-5 years and not 2-5 weeks.
The way I see it is buy a smaller amount now with higher risks or wait and buy later on progress, but at a much higher price.

Looks very good especially the beating forecast bit. This is so under valued.

Did someone see PL at the MP’s xmas party last year?

I’m watching this atm. Currently hitting support and if it breaks down through, it will confirm a head and shoulders pattern which in theory should see the drop continue for about 90 points.

With the way things are going I’d imagine they would like to get to production sooner rather than later. As others have said, oil will still be used in many products for a long time yet.

I imagine the sp will continue to be turbulent as many will sell at BE. Good to see 8p resistance broken and now support. 12p is the next real level of resistance now.

I use iWeb owned by Halifax. I’ve really no idea what will happen. I imagine Halifax will contact us next week.

Do you have a target price?

That’s certainly a long time to hold.

Good day taking it back to test the resistance at current price. I’d imagine there will be selling all the time as investors want out at their break evens. May I suggest people don’t sell out completely and just de-leverage, selling just their initial holdings. This has potential now to go along way so worth keeping some profits to run.

Anyone know how we can sell Aclara shares from uk? Through our own broker?