Member Info for eldorado1909

Share I have been following has done 10 percent plus since I bought into this bloody thing. Basically convinced it will not rise above 190 but loathed to sell out at a loss.

I totally agree. I was expecting this to be at 220 to 240 by now. Personally I think the main reason for itnot being is the large seller in the background. All interest has been sold aggressively into.

What kind of rise are you expecting?

The drop volume has been ticking up the last few days and has developed what looks like a bowl formation. God knows we are due a pre drill rise, perhaps it will start next week. A shame it will be from 10 points lower. Had a decent amount in here for two months when I could have got in cheaper today.

Yeah. And after the rapid rise on Thursday I have absolutely no idea why this is dropping like this. Got to be some chunky sells in the background. Anybody's guess what's going on.

Testing support. Again!

How on earth did you get in that cheap?

I missed the bottom here. Really fancied it when it dropped below 80 a few days ago but decided to wait as was expecting it to drop towards 70. Well done to those that got in at 80p.

How this rose and didn't get taken back down. Everytime we've seen this have a decent rise it's immediately stifled. Guess it remains to be seen if this is another false dawn but the rise certainly seems to be getting closer.

As I have said, at that point there was absolutely no sign of support, and GEO was just as likely to continue dropping below 8p as it was to rebound. It didn't look like a fluctuation. As you know full well, the share had been in freefall for months and it appeared that it had broken through a fresh level of support and was moving lower. I could just as easily be sat here with a 7% loss but able to buy in at 7p, 20% lower than I sold out. Indeed, that could still happen, if Friday was just a false dawn and the slide continues. I don't regret my trade. Much better to take a kicking and save your capital than stay in a position which is going against you. The lesson for me is not to buy into a share which is in freefall until the price has stabilised for a week, even if this means you miss out on the first 10% rise.

You can't "invest" in AIM. It's a casino fuelled by sentiment and speculation. That's the first mistake people make when moving into this market. All you can do is hope to anticipate how this sentiment and speculation will impact the price. My strategy was expecting a reversal as GEO comes out of the winter and goes into the summer in anticipation of the drill campaign. My mistake was misjudging when the reversal was ocurring. When this rebounded on the RNS it looked like perhaps the cycle had ended. Better a 7% loss after 2 days than a 80% loss over a year (which has happened to me before when refusing to cut my losses). I make it a rule for myself that I will never sit in a share past a 5% loss. I still expect this will be higher in the summer. The rise yesterday may well continue until the summer. On the other hand, it dropped signifiantly lower than the point I sold it at, and there was absolutely no signs of support at that point.

Very cheap, but I think unfortunately it's headed for 70p. Still not much sign of resistance on the chart. If memory serves this is now lower than just after the IPO.

badly and took a 7 percent loss in two days from 9.2 to 8.6. Now its back up to where I sold out. Lesson learn't, never buy in on a falling knife, even when you judge relatively well where the cycle is reversing you can still take a kicking. Wait until the SP has stabilised for a week before buying in. Will take a while licking my wounds before I risk any capital in here again.

With an increase in oil prices you should expect a parallel movement in the valuation of oil assets (like JOG) however, we are still to see a rise here based on this new information. Then there is the speculative buying which always seems to happen on AIM as a drill campaign approaches. Either way, there should be an upwards price movement here over the summer. I would say the question is how much it rises, and from where. Based on the support each time it moves towards 180 I would say we're at the bottom. The drill campaign aims to increase the resource base 5 fold (25m to 130m barrels, so its a question of how much the market speculates the drill campaign will be worth. In terms of Graybirds comments, generally it seems most AIM gamblers seem to wait until a share is hot and has already done 50 percent plus before buying in, hence why most lose their shirt. As such there should be plenty of opportunity to realise profit, as long as you are not greedy.

I think the AIM gamblers are already loading up. The difference is that at the moment its the shrewd ones getting in early. I follow lots of big AIM traders on twitter and there has been discussion amongst them of when to buy in,haven't come across a single one who has said they don't plan on buying in, only waiting until its closer to spud. The herd generally follows closely behind these people, perhaps a month or so. Once you start seeing successful traders promoting Jog on twitter I'd say we will be close to it popping. I've seen a bit of an uptick in interest on twitter which makes me think we're getting closer. Once it gets moving it will move fast and look a lot like MATD did.

Pushing 70 dollars a barrel.

150 you were saying? Lol.

Support right now.

There will be a rise into the summer but today didn't look good.

It reassures me to read this. Been following you since 2014 and rarely seen you call something wrong.