Member Info for BareNeccessities

Just not enough volume/sentiment atm to make any move up stick, so we remain range-bound. There also appears to be some resistance circa 32-32.5p.

I know we shouldn't compare to PMO as they have less shares in issue etc - but they are also stuck in a range atm, but do have better swings than us.

Oddly, it's the big boys (BP and RDSB) that are outperforming both us and PMO today.

Exactly the point I was trying to make, HH.....just slightly more subtly ;)

This was priced to go bust at 7p. End of.

A lot has of positive things have happened since then. If you have done any research you'll know. It's all there and has been discussed at length on here.

You missed your opportunity to close your short at 10p by the sounds and now you are bitter and spreading fear with a wild theory. Another for the filter bin. This board is getting unbearable.

The only reason I still come on here is because of the quality posts by Slift, TornadoTony, as well as a few others who know who they are. So to those, please keep posting as I read them with keen interest.

MMs playing with the price big time atm. Jumping from 23.95 to 24.95 and back in an instant - all over the shop.

Anyone with access to L2 to report how it's looking?

outofideas, we are disconnected from the oil price atm. We hit 40p range when oil was a lot less, but the general market was a lot higher (Ftse around 6500 and Dow around high 26k) and the market was looking to make a V-shaped recovery.

Now, oil is up and the general market is down. So opposite scenario, but now the market is expecting a U-shape recovery. Also a lot more uncertainty of around a 2nd wave etc. out there.

This is a great recovery play, and the business is turning itself around. This won't happen overnight and certainly not in the first day of our new CEO starting.

Oil generally is still a risk with 2nd wave being bandied about constantly, however I do feel we will push through $45 this month.

Tullow will catch up, I'm sure. When it does, it'll be sharp as we have seen before.

My exit is £1 and I am confident of us reaching it. I'm invested more heavily than most but a lot less than some, and have £50k in here with an avg of 22.8p before anyone probes.

GL and be patient.

Said it before, will say it again. Broker reports are not worth a toss and should be looked at in an opposite manner.

It's even more apparent being in this pandemic just how badly they keep getting it wrong across multiple shares. I'm sure they are written by interns who are greenhorns for these brokers.

RDSB and PMO down too, and BP up only just. Market seems unconvinced at the moment by the latest oil rally it seems.

We also seem more disconnected from the oil price movements here in comparison to some other oilers for some reason - very frustrating.

I think they are undecided on what position they want to take here. They are the most up and down shorter above the reporting threshold at the moment.

Agree though, always nice to see shorts reducing.

Sells even....

A few chunky buys after close though.....hmmm :/

...that big buy on Friday was an ordinary purchase, as shorts have remained unchanged 7.84%.

Someone must be confident of this rerating soon.

another Dow and FTSE pump, or something more to it?

Not seen much positive news in the US this morning, in fact quite the opposite.

Who knows, this market is bipolar.

Lol, Viz!

I don't know.......I haven't checked my crystal ball this morning.

https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/922431

Same approach here, thinkIknowwhat.

Often MM's will spike down to stop hunt then raise the price quickly afterwards to a fair value of the current state of affairs. They are all crooks.

I agree re: stops.

The only trouble is that a stop won't necessarily activate at the price you set. Say your stop is set a 80p for a share trading at £1, then bad news is released and the price spikes down to 50p market value, then that is the price you will get even though you had it set at 80p. Stops aren't a guaranteed out value.

Stop limits are better as you can set a limit at where you're prepared to sell in addition to your stop value. However there is no guarantee this will be filled, and you could lose a lot more.

At least with a stop loss you're guaranteed to get a large proportion back.

A trailing stop loss is also an option, as it moves as the SP increases.

Those who know I'm not trying to get you to suck eggs, but those who are new this is useful info.

If you can see value in a company, and realise that the pull back is due to general market unease with the current situation, then I disagree entirely with you about averaging down.

This also isn't a 'losing' trade, it will breach 50p no problem on ESS news. Can't you see that?

If I was £1.2m up I certainly wouldn't be wasting my time on these boards.

Your outlook is binary beyond belief.

Firstly, you haven't lost a thing unless you sell. The loss is on paper. If one bought at 44, and the again at 42, the average is 43, and currently in profit. Simple.

Nothing wrong with buying dips, and averaging down. Dips here are opportunities, the company is going in the right direction.

Timing is everything in this game, some you'll nail others you won't. You'll rarely find the bottom or exit at the top. You'll soon learn.

It'd be nice to see, Risk. However, I just have a hunch we're in for another messy week across our portfolios.

With the Dow looking to go deep into to sub 25k territory, the FTSE just about holding the current range, and oil closing sub $41 - it's not looking ideal. Despite all this, the trend in the indexes still favours the upside looking back to Feb/Mar. The futures will give us an idea where we're heading this week I guess, but the US situation is concerning.

On the plus side 30p+ held pretty firm on a shocker of a week, with only a brief visit beneath this, so I would hope that the worst case here will be a flat week. Anything positive SP-wise by Friday close and I'll be happy, as it's more important that we see weekly gains rather than daily volatility imo.

What I'm most interested to know is whether that huge buy was a short being closed. So I'm keen to see what Short Tracker shows at 4pm tomorrow.

As for a takeover, personally I feel it's unlikely.

GL all.