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Selling 1,530,707 UK OIL & GAS INVESTMENTS PLC ORD GBP0.0001 shares
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0
Price
£0.023
Order Details
Settlement Date
T+2 - 17/07/18
Value of Shares
£35,206.26
Commission
£10.00
Trading Credit
£-10.00
PTM Levy
£1.00
You will receive
£35,205.26
Guys you need to watch WH Ireland (WIRE) & Cenkos (CNKS), WIRE is House broker & NOMAD, CNKS is Joint broker, if anyone knows anything before the stock market, these 2 will.
They are both on the Ask at 2.5p & 2.65p respectively, they have been all week, well away from the action - i.e. not prepared to sell. (Note: CNKS are on the bid at 2.15p and WIRE is at 1.9p & have been all week - not prepared to buy until that level)
What does this tell you? CNKS believes 2.15p is cheap & will take them off you at this price, note: they were at the top of the list (earliest on the board at that price) at 2.15p, so can take as many shares at this price as they want.
If or when we hit 2.5p (I think we will), it will be interesting to see if they make the market (Start selling) or move away from the Ask. You can deduce from there what you will.
Noocyt
Typical, drop the SP by 5 to 10%, then the rally comes afterwards.
They know there are lots & lots of shares at 5 - 10% below the bid just waiting to be sucked up from retail investers that have been educated to set a stop losses close to the bid.
If they are short of stock this is exactly what they do. Not only do they get the unwilling sellers by triggering their stops, but that stimulates willing sellers that think the price is going to leave them high and dry.
DYOR.
Don't get suckered!
Click the UKOG fundamentals tab above, right column of info (copied in below) is delayed, so not L2 accurate, but does give a good fel for how the day is going.
# of Trades 68
Vol Sold 1,433,424
Vol Bought 8,113,057
52 Week High 11.00p
52 Week High Date 26-Jul-17
52 Week Low 0.95p
52 Week Low Date 08-Jun-18
https://www.youtube.com/watch?v=Y0Nybav_Icc
8mins 56 secs in approx, SS says it (HH) flows at commercial rates, but needs a longer test to prove if it has commercial volumes.
So the EWT is to see if we have commercial volumes of oil.
Basically its no good producing commercial rates for a few weeks and then drying up, it needs to continue to flow with little or no pressure drop and that's what the EWT is about.
https://www.youtube.com/watch?v=3C9g7jpp6ZE&feature=youtu.be
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