Member Info for Glib

Cheers ST. No offense taken - if you had ended your post bwhah hah ha though...

One of the many hard lessons I learned was to never put all your money in the one sector - I just about put all my money in the one company. And it's been a lovely incubator. I need to put eggs back in the other baskets though. I won't be out long and hopefully will have a fair chunk to put back in (preferably before the next spike).

If anyone is thinking of making a move on the company, it will probably be after proving the field. Amazon and Google may even get involved as they rely on this to keep their server running and making them money. Fun days ahead.

GLA

Cheers Deep. Just rebalancing the books - I sold almost all my other holdings to dump it in here. lol
Nothing else was going to move like this share but I never thought it would go this high this fast. Pleasantly surprised. I will need to review what I held before and see if they are still worth investing in, then the remainder will be going back in here. I was basically hitting the reset button.

@ST I don't think there is much chance of getting back in lower. I definitely wouldn't be giving advice considering what I just posted.

In 2 days, 24p will be at the middle of the weekly trend and by the end of the 7th, the weekly trend will be moving out of the current channel. Heading for 26p and it will probably fluctuate on any news. I've never known a share to follow historic trends in the short term this way. I haven't had to redraw the chart for ages.
https://invst.ly/uogxf
https://invst.ly/uogyr (blue lines are the old weekly trend)

Apart from about 10k shares left over from pre cash-shell days, I've sold the last of mine at 23.888.

28th July 2015 is when I first invested in Northcote Energy. Still 99.94% down on that first transaction. Mayan Energy was September 2016 which is down only 98.64% now. May 2017 was AOGL and ranges from 92.4% - 57.91% down (to Oct 2018). I had around £30k invested in total over the years. The only other purchases were when we became a cash shell and news of HE1 arrived (just over £10k). Total invested around £40k. After selling HE1 I think I am now about 9k in profit.

Why have I sold? First, I need to rebalance my portfolio. I have faith in HE1 to go beyond what it is at now, but 5 days ago we were trading at 16p. There are a few other things but i'm not going to post up any negatives. They are small details and in hand. Even with the drill date being set back 2 weeks or more you can see how the market has reacted. Not much is going to stop this from rising.

Also, for those who looked at my charts, they may notice we hit the top of the 3rd channel. I never expected that, but very happy to see it. Needless to say I will be buying back in at some stage and will not now be trying to trade any dips. Never thought i'd recover my money from that Texas oiler!! Many thanks HE1 :o)

You mean it's worth more? {:o)

My 2 pfennig worth.

I use charts for projecting potential floors and ceilings if the stock is moving in a fairly predictable way like HE1 is.

Fundamentals, I see as the data from accounts. I use this to calculate the EPS and P/E to get an idea of how much movement may be possible before becoming volatile.

RNS' etc I always read, but these are action points where the chart cannot predict and you rely on knowledge of what is happening and why. Scirocco sold 30% 2 days before the price jumped and may have continued selling. The market ate that up so not a concern for me. I believe they also have options so they can still profit if we make it big.

The SP right now is back in the middle of the weekly trend. It might not get past 20p which the trend moves past at lunchtime on the 3rd. It may depend on whether we need to wait for the Environmental report or whatever is still outstanding before moving forward with the drill. The monthly channel moves past 20 by the 11th, so i'm fairly certain we'll be over 20p when drilling is announced. Weekly trend has SP at 26p by then.

Pity we don't know what the average sale price is. 33% sold by the 27th. Are they going to keep holding some?
If HE1 is a success, they still have options they can use, don't they?

The like their oil and gas plays over there. There are a few other Helium shares available to them but nothing if this size.
If you think the SP is high now, don't swear when the drilling starts.

Not much volume either. Would that be a problem for a new share on the market possibly?

US up 15% - to match the UK, but not getting much action yet.
https://www.google.com/finance/quote/HLOGF:OTCMKTS

How long do you think it will take for the impact to be felt here if HE1 gets elevated by the American market?
I believe it opens in 15 mins, but wondered if you think there will be a wait to see if any increase in value is maintained?

My average is 20.756 for my remaining shares

That's taking into account the shares bought pre-HE1. I'm not too bothered though as I am now in profit for something that I was basically writing off a 5 figure loss for 6 months ago.

Since this is going off the charts, there doesn't seem to be much point now. :o)

For the past month, we've been moving in a channel and for the past week, following the same trend. We just fell out the bottom of that yesterday as we didn't close at 17.1, although we did go go over the top of the monthly channel. Now we hove gone past the top of the weekly trend and are right at the top of the channel we just entered. I have no idea where this is going from here, other than up. Hope you've enjoyed the charts - time to sit back and enjoy.
https://ibb.co/DKhnkNw

Prae, I would say it depends on the amount of risk you want to be exposed to.

I split my portfolio into low risk (for pension), mid level for long term and dividend returns and high risk. I would class anything in Aim as high risk, even though that could be unfair to some companies. For Aim, cash is king. Check when they did placings and if the BOD are invested in the company (with their own money).

Price/Earnings and Earnings per share may not be applicable for many Aim companies, but you should still read through the fundamentals. There are still a few that are lifestyle shares for Directors. Promise the world and a few placings a year for a few of the companies they are involved with keeps them happy. But not the shareholders.

Low risk I would look at investment funds and trusts. Spreading the risk in a large number of companies in a large number of locations and industries. Slow gradual growth and nothing exciting, but better than sitting in the bank.

For Aim, the large movers can be down to supply and demand. I might be looking at getting back into AVO quite soon. Sold there to go heavy in here. Just bought back into ODX, but that's still a high risk play as they may be doing Covid LFT's. I don't seem to have much luck with oilers and miners, so I avoid these when looking at prospects now (with the obvious exception).

Research is the key though. Fundamentals, RNS, opinions from Boards and twitter. I wish you a healthy dose of luck with your searches. Can never have too much of that.

Glad to hear you're sitting pretty there ITV.

I offer opinion, not advice. That said, I have written to congratulate those who have taken some money out (de-risked). I have not written anything about jumping or even selling. Never did see what the attraction was to bungee jumping.

Nah, you did right. There's a difference between gambling and investing. This share makes you want to take risks though as there is so much potential. You can't eat potential.

Nothing wrong in taking small bites as long as you know what your limits are. I have way too much invested in this share but compared to the 90+% loss I was on before hearing of HE1, I'm willing to risk it for a while longer. Then I will need to start derisking, possibly during the drilling if there is enough interest and movement.

SP on Google just changed to 17.2 for HE1. It was 16.9.
That's just within the weekly range. It's not natural for me to be right like this. Something weird going on.

It's not profit until you sell. Hopefully you've de-risked a good % of your investment, or even have a free ride. Not taking all the profit is totally different to losing money. Best of luck with the rest of your journey.

I think I am getting close to break-even from what I lost when this was an oiler before it became the cash shell that HE1 reversed into. Stupidly I took money out of another share to try to bolster my position here. Take a look at the 5 year chart and guess when I sold PPS!!! You may still get a chance to top up - this is Aim after all. Or just spend the money on the Mrs Trek. Either way it's a win.

We either hit 18p and get back into the trend we have been following since the 22nd or spend the day consolidating a new floor at 17p before progressing upward. We got so close, but just fell out of the weekly trend in the last hour or so. I think we can take a bit of a breather before rocketing off again.
(Weekly trend = blue) https://ibb.co/gMrpD9X

100% per month is not too bad. Keep that up and we are around 25p when drilling is announced - then hold tight.

We have bobbled along the bottom of the weekly trend since about 9 this morning. I don't know if we will be able to for much longer. We crossed into the second channel at around 10:30 - if we can stay in that range and consolidate the SP a little, I'll be happy enough. Still hoping we maintain the weekly trend though. :o)

Horizontal lines are the support levels (some stronger than others), where the SP has rebounded from. Red = old floor, Blue = old ceiling.

Diagonal:
Purple = monthly trend for high and low. This is duplicated as 3 sections. Original, 1 directly above to show the same range and the final one with the bottom trend line against the old high so we can project when this is reached in the future.
Blue = Weekly trend of high and low. So far we are maintaining this and hopefully we end today @ 17.2 or higher.

The Green vertical is the end of the month.