Member Info for HeadForTheHills

Early bird catches the worm? Reading required.

Sitting in profit, definitely better than a lost profit because you didn't sell. The ones that got away are nice stories down the pub. As for jumping ship back to the good ship ENRC, sadly i think you may get more out of RBS than here in the short term. Personally waiting to see if these levels hold or not. Sideways would be better with no good news for miners of the indices currently. Alcoa just reported their Q4 earnings and it will be interesting to see how the market/miners react to that. They (Alcoa) are a huge aluminium producer ,a sector ENRC have a looking to grow in. Could be another factor for todays large fall.

On the other hand there are some large late buys being reported. Some largeish buys just after lunch too, well in excess of the normal volume.

Tad late to post this now, thought i did before nipping of for a bite to eat. Was going to post this was heading to 330 support (historical/technical) with a spike down to 324 levels to close that gap (opened 2 weeks ago), almost filled in that one but. There are other miners with lower gaps so it will be interesting to see if they follow suit. I would agree with Leo that this amoungst other miners are begining to offer good entry points. The New Year rally seems to have run out of steam so watch and wait where needed. ENRC has fallen back into my buy range again.

Providing fact based information and discussing both the positive and negative on it is neither ramping/pumping nor deramping. Providing possible valuations with a time window and discussing is neither ramping nor deramping. Saying this will go up 50% today i think, up to 30p soon (implying next few days) is akin to pumping unless based on information due to be released shortly. Follow the SP moves from last year and the news that corresponds with it. Here's a question, the insurance payout has been known since last year. What impact has this had on the SP? Cash is king in this market but how much is remaining? What impact will drilling updates have on this SP and when are these likely to be? Valuations (tentative) - 15p perhaps on the next market rally or oil shooting up in price based on the previous Oct/Nov rally. - 30p longer term and only if they have positive news on drilling updates or some other piece of news.

Echo what you said, people need to read the accounts and go back through historical prices and news, even a trawl through posts here. $25m was announced back in the 08 half year report in June as an insurance payout, they had a bad drilling result in sep 08 and the price of oil is far off July's peak. They need good news with drilling for this to head up but activites delayed until 2009, be interesting to see how their Final Year figures hold as they already announced a loss in Sep08.

A bit unlucky there, should have suggested a slightly lower range to be on the safe side. A little late now but the miners tend to be quite volatile and can spike down 5% momentarily just to trigger stops. JJB may be on a profit take at the moment, again possibly a bit late but could be worth getting in when it starts to settle. What price is a good question perhaps around 11p but it's on a new trading range. As for suggestions, all imo atm and it changes daily but BLVN (tipped initially by romeo) and JKX (slight uncertainty with Russia/Ukraine) for the oilers but possible breakout upwards depending. Again have some targets for entry/exit. Miners - apart from the usualhave started to look at CKSN (possible breakout up) and possibly into FRES once that retraces down somewhat and stabalised. Slightly peeved on FRES as tipped it to a few colleagues and forgot (funds tied up) to take the tip myself. Another one that got away, seems to be the norm for me at the moment. Watching the big fish get away and playing catch up. NKOTB - Not sure about brokers but spread betting will cater for just about everything if you switch over to the long contracts, unrealistic stops and patience. They start to behave like standard brokers without the tax implications (currently) or so i believe.

Cheers for that, looks like profit taking has taken over today, did your stop trigger as there seems to be a number of spikes down currently.

That old chestnut should work. Mind me asking which broker you're using? In need of a change to something that offers more than the basics though i'm tempted to switch entirely to SB for tax purposes.

With whatever you leave in ENRC, keep evaluation daily/every few days. If it's on the up then move your stop loss higher to new trading levels, it does mean a little management from yourself but you will lock your profits in at each level. Conversely the stop loss should be far enough away so it's not triggered by a downward spike before shooting off again. Useful tip is avoid 0s and 5s as these are the most common people use. Considering JJB myself (missed it this morning and it had already gone past my day limit), however there's been 2 days of massive rises so profit taking should set in at some point. Could be tomorrow or the end of the week difficult to say. Without disparaging anyone but take what people say on public boards with a pinch of salt, myself included. Almost all people have an agenda of seeing SP increase in the stock they are holding (why else do we purchase shares). It's been very apparent on certain shares which have had huge increases followed by equally large falls. The market follows some sort of pattern even in these uncertan times. One good thing for JJB is people generally know who they are and the background it has so aren't buying completely blind. Could follow in DSGI footsteps another retailer that's been through a similar story, upish with bumps on the way. Saw your post over there, you're best off seeing how it opens tomorrow before deciding. If you plan on trading then set a price for yourself in terms of buy/sell/loss and avoid. All im

I can see the nervousness if you were caught in that high. Options of top slicing some of the profit and taking it elsewhere leaving the remainder here with a stop loss (if possible) at 360-370. You are in fairly low so can afford to see how things play out without losing too much profit. Was actually in LLOY last week getting out on monday looking to get into HBOS as the upside there was greater than with LLOY. Fortuitously waited a while to see both banks drop with an eye on getting into HBOS. If you are looking at the long term then none of the banks are going to match a miner and ENRC happens to be one of my usual stock. It's rather diversified if they start to cherry pick aquisitions later with their cash balance they will be in a strong position later.

What are you in at now? Provided this commodity rally continues then both this and KAZ are back to mid October trading levels. As KAZ looks like it's finally breaking upwards ENRC can finally start moving higher. Was personally looking at KAZ towards 300 then 330, ENRC to pass 400 onto 440 as the next stop. There is a lot of upside especially in ENRC, regardless if a retrace happens or not. I suppose it's tough having seen where the lows were but i shall be holding this long term with a few plays in the short term as well.

Stepping out of KAZ's shadow, this has decoupled since they pair were in sync 3 weeks back. Heading towards 330 odd resistance, difficult to say if it will break. Have a friend stuck at 400 who didn't bail and he's hoping hoping this breaks. Up about 30% since 250, she'll drag the other one up soon enough.. provided she holds.

Hold my hands up and say this suprised me, closing in on double bag from the low. Did consider the rebound rally play romeo posted but no confidence in it after almost doing the same before on a previous occasions. Looks like under 100p is too low for Sibir. Don't expect the same chance again.

Gold is good, read an article about it recently and parallels with the great depression in the 30s. With this rally i'll end up back into CLF soon enough only with a bigger stake. Missed out on POG this morning for a 20% swing, now just trying to get out of a few other stocks and more into mining/energy. The banks you might just double your money in a year or two. The miners your looking at least treble your money in a year or two and that's being conservative. DOW finished up, it's going to be a good day (touch wood) tomorrow and glad i jumped into something at the close of play today.

You're regular bunch of pirates with all that gold booty! If the DOW does hold (and i have everything crossed at the moment), you could pick almost any stock and see some gain from it. Hopefully enough to get out of banking and into mining/others where there will be better returns...

May be automated buy triggers, which isn't going to be pretty once they read the rns

I'd take people's holdings with a pinch of salt, especially when they have other agendas in mind.

This is when you get ithy fingers on those buy and sell buttons...... only to regret it half an hour later :p

seem to be predicting possible $25 a barrel if China get dragged further into the downturn, just another amoungs a few with negative outlook on oil. Remains to be seen how things play out in this recession. When we start getting out of this downturn and with further cuts in production it will create aa oil shortage sending the price up. We're looking at months to a year for this sort of play.