added today @ 175.15p increasing my holding by 68.5%. but at the cost of selling a gold mining stock at a 3% loss. jeez even gold is going down in this sell-off.
hopefully the oil price will stabilize around these levels then recover. last time brent was $63.50 TLW SP was around 182.5p.. brent has dropped after the close to $62.86 vs 63.60 at 4:30. but US indices rallied a little into the close.
a takeover rumour would add 30% to the SP.
$4.00
there you have it ta its there for the taking if you still want it?
i'm holding out for lower than 65p now. just hope i can get funds in place if i get target.
Givingthelowdown i saw your posts on VEC board with your top-ups. its a stock i've held before. i pilled in at 90p on the 1st bounce and made a good profit. bought some yesterday at 80.90p but not so many. i'll try to add today c.80p or lower.
i've worked out my exit strategy for today. i'll off-load those i bought today if i get my target. not sure where oil is going at the moment.. but if we get a spike like yesterday in oil then i will look to off-load 1/3.
anyone been keeping a record of it?
SBGL (U.S.: NYSE) was trading at c.$5.5 just a month or so ago. now its $4.25
so if SP was 90p when at $5.5 it should be about 69.5p now?
factor in the recent 5% drop in markets, should this share price be about 66p?
WTI 61.99, brent 65.79, USD 90.05.
a sharp rise in the USD today accounts for much of today's drop in brent.
SP held 184.50p very well today. i'm not sure about tomorrow though..
with 2 equal size trades. one at 186.175p and the next at 185.625p. both for 2500 shares. next quite the 185p i wanted but close enough. i sold my holding of 2901 shares at 3pm.
$2 drop in brent from the high to the low. i must be mad getting back in..or maybe not. only in for 5000 shares. i think oil could actually begin to rise from this level. Tullow a good punt at this price esp. if oil bounces.