Member Info for Oiliest

WL I'd like to cordially welcome you to LSE. You might notice that people are at times acrimonious, defensive, untrusting and rude. We all have money at stake. Apologies in advance. Time to develop a thick skin!

RIP my great aunt. Got 44k last winter.

https://imgur.com/a/edPd8lA

I'm on record saying I won't dump a share below 20p. Also on record saying I invested 38k at 9.1p

Paper gains! Not sold a single share. And not nearly trusting enough of BOD over at PREM to invest 20K. outside of ISA 100% holding is ANGS. I only took £500 out of my current account for a punt over there.

I think the fear of getting locked out was what prevented me from acting yesterday. So long as SP recovers quickly then no regrets! Bring on the Perf!

Well in my case the difference is thousands of £. The indicators in this case present themselves one by one, first RSI, then MACD, then about one hour after the peak price of 16.30 the WMA is crossed. Not exactly the same as hindsight "could have sold at the top of the peak and bought back at the low of the trough."

I think the difficulty is the cognitive dissonance of both holding and selling when you expect the SP to go up over the course of the next week. I'm not an experienced technical wizz by the way, I'm just trying out some theories.

Safer to hold of course.

correction: "if I had sold 30%" should be 1/3

I've been ranting with myself about how I didn't topslice yesterday. The sell indicators were clear: RSI overbought, MACD downward convergence and crossover, string of red candles, sharp SP decline finally crossing 50 day WMA.

Could have closed out 1/3 of my holding at 15.50p. The buyback indicators were also clear and ultimately when the SP crossed the WMA at 14.50p or so it was unambiguous.

By my calculations, if I had sold 30% @ 15.50 & bought back @14.50, by the time the SP recovered to 15.50 I would have 2.3% more money and 2.3% more shares.

Looks a lot like last Friday. Might see another red day tomorrow but it'll all be recovered by Tuesday IMO

Yeah well it takes me a week or so to get up to speed, new to mining stocks. I felt the FOMO and yes I did read the info. Felt the excitement. There are always rampers and derampers - over on Twitter they are talking trash. To be fair, this could be a great entry point, assets not priced in yet. Might put more on with greater familiarity and confidence.

Sorry for the insult BTW. Thanks for the info!

I've just made a packet over at ANGS and heard that PREM is about to pop. Yeah I know DYOR etc but can someone give me a quick layman's summary about what's happening here please? I'm already hoping for a multibag elsewhere and it's happening but I think I may need to do some topslicing/rebalancing. I could be in for 20grand or so tomorrow if you can give me compelling reasons to do so.

"Try to trade it or wait it out"

The latter :)

watch for the uptick before close

minimil: "Flow results will dictate the next rise or fall"

Is that what happened July 2017 when ANGS went up into the 30s? Anticipation and expectation have their own value. Why would you want to curb the positive sentiment of a share that you are holding? Besides, there has been a lot of indication that the Kim is full of oil and there have been strong indications that 660ft exposure at Brockham will deliver commercial volumes. If you don't believe it until you see it, then why did you buy in?

The MACD is converging nicely, great bit of consolidation. Back to 16p!

Thanks for the heads up. Yeah I cancelled them. I value the advice of more experienced AIM investors. No stops! I'll just check the SP 30 times a day!

My stops are at 9p. They'll need a submarine to go get those.

bouncing off the 50 day WMA. Steady as she goes Cap'n!

I was holding both UKOG and ANGS until ANGS rose rapidly from 7.5p to 9p earlier this month. By the time it was at 10 p I had fully moved across for an average price of 9.1p

Welcome to all you coggers who have stopped straddling and packed your bags to come over to us. We all want the same thing... to make gains, right?

Still plenty of headroom. Enjoy!

Just waiting for the moving average to catch up with the candlesticks and we'll be pressing on to 16p this afternoon.