Member Info for Icarus42

I dont think one can read much into the current share price.
Clearly it is bullish for us longs but I think a 2 day close above the 100day EMA is required to attract more buying and break the trend since the DOJ news on 10 April last.We have only managed 3 days above the 100day EMA and that was Aug/Sept.
I view the most recent price action as a run up to Thurs 13th,I am only trading this because of a bet re DOJ,
the underlying business prob 80p-100p as competition is clearly increasing.

Torquay,
Agents of the state AKA NAMA were directly/ indirectly selling to these funds who,to make matters worse,pay zero tax.
To see how corrupt things really are one has to look no further than BIRG.Its been said in some quarters that the good olde boy Wilbur Ross saved BIRG !!!! He filled his boots when he was given the nod re the so called bail out,and then dumped when he had enough made.I think the Yanks are playing with BIRG again re 8.25 down to 3.03 in 18mths over nothing
Best of luck ladies and gents,its a rough game !! I only trade these days and rarely hold anything beyond a few months.

SF will do well and may well have a say in the new Gov in spite FF/FG.
It would not be good for Irish banks in my view but if it meant more social housing and getting capatlism at its worst out of the 2bed apartment and 3 bed semis market then it would be good for Irish society.Then they can turn their attention to the health service.
Re Birg,a trip sub 4 is on the cards and should be bought,breaking 3 is unlikely.

Hi Steve E60,
You will be a genius if it flies to 30p and a fool if it goes to 10p.
The shorts are all over it spoofing like crazy,at least here the risks are clear but with hurr there is something going on that smells,either it is being pushed down or there is a fundamental problem.I cannot decide which,but too risky for me.

Technicals,
A 2 day close above the 100 day EMA @43p would be bullish,I would increase my exposure there.
Best of luck to all

Debt still the problem and will take time.

Dodgepot,
Are you not being a little harsh on istock,
He is long and bullish so ipso facto its hardly surprising he opines as he does !
As far as we know he is not getting paid for his opinions and has even less effect than the brokers.

Broker notes follow price and are not a leading indicator unless its an outright sell and even then stats regarding future price movement after a sell note suggest minimal impact,marginally better than a coin toss.

Needs to hold the 100day EMA to maintain current up trend,it closed bang on it today so needs to bounce from here.
I am waiting for an entry sub £4 esp if SF holding balance of power narrative gains traction,more Brexit negativity and a pull back in the S/P 500 (which I have been expecting since AUG !!!),anyway heres hoping and good luck to all trading this.
Shout for Susan.

Keep the faith,as long as one is not over exposed here then hold and ignore.
Trading Vol is V low as is consistent with a news vacuum and this can be moved at will as happens.
Best of luck

I am in for the long haul SteveE60,
Will sell when/if target reached and am a long way from that,expect to hold for 2yrs approx if the cycle turns and PDL is still in the game money will be made
Best of luck.

Better X,
I can see no case being proven as the evidence to date is not there.
It is rare for the DOJ to throw the towel in without extracting some safe facing recompense.
I expect a manageable settlement pre trial and am positioned accordingly with a position size reflecting the risk of me being wrong.

Hi SteveE60,
Hurr has high debt relative to market cap,its in bear market this year when oil has been bullish since Dec2018.
When you read mm,manipulation and take overs on Hurr sites its not a good omen.
The market thinks more capital will be required and has been marking it down.
Technically there is no support if it breaks lower until 10p as you can see.
Its too risky for me as if oil turns lower then as usual it will follow,I know more about Tullow but even after its recent falls I just cant buy it.For my speculative portfolio I have petra,fres.ferr and indivior.Thats enough for an oldish dog like me.
Those who are in Hurr will rubbish my view,best of luck if you decide to take the plunge

Nobody forces anyone to buy or sell,its a market !!
You should focus your ire on management which has been appalling.
If your post is serious,its one of the most ridiculous I have read.
Best of luck.

I suspect some shorts covering and speculative buying into the weekend thinking the Iranians might do something.
Its difficult to be short oil into the weekend given the current situation in the ME.

With all due respect pbody,
I have absolutely no idea what you are on about or on !

Happy new year to all
Its hard to say SteveE60,it will take time if money is to be made here.
I have been pondering tlw,havent posted there as a lot of hurt and wound licking on that board.chart is beginning to look a bit like petra which isnt encouraging !!
If Brent retraced to 60,tlw might be worth a trade at 50p,its a badly managed dog regardless,what do you thing SteveE60

I am invested here so bias is obvious.
Its impossible to know how this case will progress but I think the DOJ has a weak case here and am betting on a pre trial settlement where the DOJ gets something for its efforts but not enough to take the company down.The market has priced in increased competition but not a debilitating fine,if the market views the fine excessive then 20p will hopefully hold !
Thats the risk and its very real.
Case dismissed then 120p,manageable fine 80p should be the min goal short term.
Best of luck.

A man of your vintage SteveE60 should be buying gilts!!! ,Mrs SteveE60 wont be happy if she finds you are playing down in the murky end of the market,naughty boy.
I had a lucky escape with glencore,was mulling over pulling the trigger the last few weeks,maybe value there yet but dead money for now

Market seems to have ignored it.