Member Info for Rumandpoker

No need to take a hefty loss, might as well hold till summer and beyond. Nothing to lose (in a way) doing that and decent chance of getting most back, if not all. A chance to build strong position with low average and learn lessons from buffalo.

Legalwolf, 100% true, although slightly different for myself - I placed a buy order for £6.5k at the bell because in the 3 mins I had to read the RNS I only got to 'hydrocarbons found' - allied to my belief in the project I went for it. If I had had time to digest properly obviously a hugely costly mistake would've been avoided. More fool me, but still not right or fair.

Well, in still here. Not much to lose, alot to possibly gain now. As some of the independent experts have attested there may be options for the well, especially if WL suggests an increase of oil column (even if only extra 2m etc).

I guess the biggest hope hinges on the statements included in the interim results, that adv highly believe this is still a profitable venture. Anyway, we will see very soon.

Well, I'm one of those bizarre idiots, I placed a trade for £6k at 3.2p immediately on open because in the 3 mins between RNS being issued and market open I only read the RNS to the words 'hydrocarbons found'. And nor did I pause long enough to question why I was being quoted 3.2, such was my belief in the project. Utter idiot

If 6m barrels of oil is commercial then they wouldn't have to worry about that, huh.................

I would hate to sell and the full results indicate there is something they can do and the price doubles from here.

Someone is wrong here, the latest technology and seismic both indicated significant oil. How can that be wrong

Actually, in all seriousness, Wyn, did you also expect the SP to remain flat in the afternoon trading? See if I can learn a lesson.

I've got to stop going to bed at 8. No, I read your post and agreed with it, I was expecting a retrace later in the week, but now that I think how about it 'later in the week' is nonsensical with expected news timeframes. Damn

If only you'd told me that this morning, Wyn ;);). The RSI was well under 70 so bit surprised by the depth of the retrace, but no matter.

Why de-risk today at 5p when you could have de-risked yesterday significantly higher, once the rise, that's what I never understand.

My calculations also suggest TD today, with wireline being run tomorrow and Friday; today was always too soon. Tonight 10pm, Aussie watch.

I'm not usually concerned with speculating, but fwiw I think 9p+ is realistic in the immediate days after.

My thoughts were SGN would come through Jan still. Interesting you say that. is that a hunch, experience or do the charts suggest that?

As for HMS, I think his short got sunk, like the Britannia. Only joking, I'm sure you are long

Yep, that's the one. Can't decide which to top up haha.

I think we are trying to catch the same rainbows Wyn, the delay here has hampered my investment in my other key holding, although my strategy is long term on both.

Volume has certainly exploded Wyn, compared to last few weeks anyway, so hopefully your cohort wish has come true.

I work with people in all walks of life, both rich and poor, through lockdown and out. The one thing I can say is that there were people of all sorts flouting lockdown rules (I saw first hand parties/gatherings in equal numbers). That's the problem with media (so you have to place things in context); if you run a media story on 5 person out of 100 who broke lockdown rules it doesn't mean the other 95 also did. And there are an awful lot of civil servants in government.

Having said that, I think this particular government is low on ethics, and has been proven to be numerous times. I'm not sure Starmer would be any better, he seems to change sides with the wind. Much like Boris does, actually.

Wyn, your posts are very interesting, as always. However, there is a slight oxymoron in your trading theory. You note in order to be successful in trading you have to take the emotion out. Yet, on a personal level, you seem to dislike the 'hold for gold' medium/long term strategy partly, or entirely, because you get bored, thus unable to take the emotion out. Of course, that's a simplification.

I lack emotion when it comes to money, I am however awful at trading, probably because I can't as yet digest charts. Not that I want to become a trader.

Well, CVN had a nice bounce during the night. Seems they are ready to move back on up.