Member Info for MarsB

@APACHE007 you done good, I need 1000x to get back losses. When they did that buy back last year and bodged it, it was during Mental Health week.. I'm not the same person anymore, staring at my account in + knowing its in mega -

Is it me or 88e just a meme stock for oil? Rinse and repeat, but dont f'ing hold!

You just summarised the AIM market. Nobody keeps long term, only retail investors. I'm hoping we are back to 40p so I can sell investments, meanwhile balanced loss's on a short trade, it was too obvious from charts alone.

Vs the scramble to get out! ...wouldn't it be better to just go for a BTC etf tracker now they can be grabbed in the UK? ...is this a hype stock?

90% down ..how do I get out unscathed!??

You lucky to get in here, some are 80% down

I asked AI for some scenerios:

Bear case Production declines as projected; oil price weak; refinancing difficult; debt weighs heavily. Low-single-digit GB pence (maybe ~3-6 p)

Base case Production stabilises at low end; oil price moderate; refinancing achieved but modest growth. Mid-single-digit GB pence (maybe ~7-12 p)

Bull case Oil price strong; production improves; refinancing completed favourably; debt reduced. High-single-digit or low‐double-digit pence (maybe ~12-20 p+)

Oil is weak. If it stays that way this price will stay surpressed. But if any spikes over next 2 years this will track and give an opportunity to get out.

I just sold. My average was 20p I think trading is halted, but if you have any money to save, maybe cut some losses and make back elsewhere.

Dilution and wide spreads kill any stock! .. oil explorers are too high risk!

I've never made money on AIM market thats because its for shorters or buzz hungry gamblers!

This was active when Oil was spiking to 150 a barrel and US500 /US100 was tanking.

If you just shorted the commodity and bought the indices instead, now you'd be mega loaded.

This stock is designed to go down.

However some people made some money here!

Just not us bunch!

These shares are designed to go down. Best thing you can do is open a short position and cash in, hopefully your losses are striked back to 0.

Super duper question... BTC will have to hit £1 Trillion for another 1000x

88 Energy ist eine klassische Pump-and-Dump-Aktie. Wenn Sie halten, verlieren Sie Geld. Sie verdienen Geld, indem Sie kaufen und verkaufen. Sie verdienen mehr Geld, wenn Sie leerverkaufen.

Bitcoin is now an asset class and unfortunately still has a speculative risky investment stigma to it with no utility, if it drops it is because it is being sold and iit is still being bought daily so has to go higher because its finite availability. Buy and hold BTC and wait for entry to SWC

Insightful overview of SWC at around 8.17 this morning

https://youtu.be/7bWageprg2U

The best thing you can do is buy BTC and hold. You will be subject to CGT when you cash in.

Otherwise buy this inside your ISA/Pension but accept the risk of rinse/repeat traders here combined with BTC volatility for the wild ride.

I think this rise currently has to do with July 4th euphoria and BBB passing. As soon as some uncertainty enters US markets, BTC will retreat and this will u-turn along with.

On the otherhand BTC is on track to 200K and this will just keep climbing, but not as exponentially as last month

That makes sense because the new shares that get issued dilutes the current price. Then the MM set a new price based on order flows of buy/sell trades? We are possibly experiencing the 'rinse' phase of the rinse/repeat ... question is will there be a repeat?

Like everyone is saying its better to be cautious now, unlike myself who is now in loss :(

Gut wrenching, not for April buyers. I think its heading back down to 140p as profit is taken and until any next announcements. Build a position for longterm?

I took the plunge just before the round trip.. saw my losses and logged out then wish I waited for the 2x. AAAAAAAAAARG!