to jameel11 Jan 2006 18:05
in answer to your chat message, spudding is when a company start to drill a well, looking back to other companies
for example aminex, the price rises usually, when this is announced, for one or possibility of three days, then usually
profit takers come in which drives the price down , then when
the result is due one or two days before the price starts to rise, the problem is when the result is announced usually at
7am prior to market opening, if its good news the price will be higher than the day before if it's bad then it will open lower and doesnt give a shareholder time to sell, however
to me the art, is knowing when to sell, ask the question have i made money, am i happy with the profit, or shall i chance waitiing for the result.