Member Info for Boyobach

Indeed AS - I hadn't intended adding to my holding but today's price appears to be rather silly, with a fairly obvious opportunity for short-term gain at the very least. Will be interesting to see where it closes today and if the gap at 461 remains unfilled.

There's also a gap at 461 to fill.

Unless the business fundamentals have changed, selling below 425 doesn't make a lot of sense, whilst buying below 425 becomes very attractive - so the price action should focus around this value.

Unfortunately the support at 480 held only briefly yesterday, which opens the possibility of a drop to 425 - May’s placing price - unless it settles ‘on trend’ in the region of 445:
https://invst.ly/rjvk2 .

Cheers Ocelot - and good luck for the future.

Nice whilst it lasted - and a profit opportunity.
Back to reality (15 minute view) : https://invst.ly/rjnf2

Quite correct Jurado. It was inevitable at some point and should have been expected eventually, especially after the first tranche in May.
The drop back seems to have overshot presenting a buy opportunity - especially for those who were smart enough to sell when it got ahead of itself at 650 and above - it's finding support now.
https://invst.ly/rjgbu

Yeah sorry - not my choice of title and I needed to read it myself....

Yes bunks - agreed. Don't trust buy/sell numbers - here's an article which explains why they (and volumes) can be wrong (NB: SETS is apparently now SETS qx not SETSmm):
AT trades, as we have just seen, are trades directly between buyers and sellers, without the intermediary of the middle-man. So what are they? The online services will tell you they are buys or sells, depending on whether the execution price was above or below the current mid-price. But in fact, they are neither one nor the other - they are BOTH. Hence the way AT trades are treated by all of the online services such as ADVFN, MoneyAM and iii is misleading, both in terms of total volume and in terms of buy/sell balance.
https://www.proactiveinvestors.co.uk/companies/news/81/idiots-guide-to-the-london-stock-exchanges-setsmm-0379.html

Hey Rangor - I took some profits here yesterday and pumped them into CWR where, fortuitously, the drop has taken it below 500. Bit of a race developing . Happy Days all round.

Pretty much as I suggested - although 520 didn't hold it. Nothing sinister- to be expected . Hopefully won't go much lower than 490.
https://invst.ly/rj1fm

I don’t think volume is really the key - the price of anything goes up provided there are more cash interest in buying than there is in selling. It’s the ratio of those volumes that matters. That’s why support/resistance lines and trends provide a clue. If a lot of people bought at a previous price point then they’ll a) be inclined to sell at a given margin, b) be reluctant to sell for the same price and c) will eventually sell if their losses threaten to go beyond a certain level.

After yesterday there’ll be people in all those categories including LT holders who are contemplating quitting while the price is better than it has been or holding because they’re still underwater and/or still believe in G’s future: Bina Bawi, Sarta and Qara Dagh etc. Any ‘new’ investor who leapt in at 55p has tripled their money in four months and knows they won’t see that rate of increase continue from here - so an obvious move would be to take a good percentage, if not all, and exit.

Today the sp opened above 165 support (also effectively the top of the orange trend at 162) but has dropped to it - so where will it close? Above 165 would be good, otherwise a retrace looks proportionately likely. Just remember that G’s trading range seems to be around 30p (it does not seem to vary as a fixed percentage of the price - odd you may think) and it hit a high of 176 yesterday. So might that now mark the new top? The sp is also just below a trend line that goes back to Dec 2018 - excellent if it closes above that. Below 162/165 lies a slippery slope back to 152 or even 146 (remember the 30p range).
https://invst.ly/rj0ui

I might just frame this:
https://invst.ly/rin4y

Well done bunks!
When's the next one?

Just enjoy the ride - I certainly am.

There’s no denying that G is moving today - and seems set to continue within the orange trend here after flattening out for a couple of weeks along the blue. There have been a few of bunks’ Big Surge Days that have propelled G forward and today has so far been one of them. What drives them is something of a mystery - revenue cannot have been spectacular so far this year and cap-ex intensive activity has supposedly been heavily curtailed. Nevertheless, there is buying going on.
https://invst.ly/rihg5

Just a correction re SETS and the auction times, per convo with Hydrogen. I'm now assuming G is under SETSqx. Here's the relevant bit on that from LSE:
SETSqx with Market Makers
This model combines a periodic electronic auction book, with standalone non-electronic quote-driven market making. Registered market makers are obliged to make firm, 2-way quotes, between 8am and the end of the closing auction (including any price monitoring or market order extensions). While market maker quotes are not obliged to participate in any of the auctions, the mid of their best bid–offer forms the closing price should there be no closing auction execution that day. Electronic orders are only visible during the 10-minute call period ahead of the next scheduled uncrossing, except for the closing auction when the call period is restricted to five minutes. If time in force GFS is used any unexecuted orders will carry forward to the remaining auctions that day (but will only be visible in the call periods).

It'll be interesting to see the price and volume after the intraday auction - which I believe happens after mid-day and can last up to a quarter of an hour. I guess that the order book is building.

Hydrogen - Could this be due to to the dual system - SETSmm - whereby there are direct transactions via the SETS auction and more liquid activity via SEAQ?

Yes - bunks is possibly getting his anticipated BSD.
Today's rise getting some 'assist' from OP - although the boost to G is more than you'd expect from a $1 on Brent.
If G does indeed consolidate above 152 then it is unlikely to drop back unless there's a slump in OP.