Member Info for Skwizz

"Planning consent for the Loxley-1 well"
I have no idea where that is.
Google searches suggest (rather haphazardly) somewhere between Horsehill and Guildford.
:)

Wait, what?
Where's the Loxley site?
:)

Cheers, Ajay.
My personal circumstances made AIM trading a reasonable option for me.
I've had some burns but it's still worked out very well.

I don't know your circumstances but, if you're younger, they say the young can afford more risk;
They have more time left to recoup mistakes.

I can't offer any advice but, as a suggestion, you might want to research BP.
Their shares are priced quite low right now and you might not see a reward for a while.
In the interim, they have a 6% annual dividend.
I have a lot of my portfolio in them and I expect to see something close to 100% reward in two or three years from this price.
Should be a bit safer than UKOG too (a staple of many pension funds).
;)

Good luck.

I have three accounts holding UKOG shares, atm.
One of them has a Sell order set at 0.5p this morning.

If it does open at 0.5, it should complete automatically.
I think it will fall later, when I will buy them all back again.
:)

Indeed.
I've only been managing all of my investments for the last four years.
Prior to that I had half and the other half was managed for me by various companies.
I keep enough spare cash to last me a couple of years and the rest is in shares, funds, and trusts, and totally exposed to the markets.

I've worried about how I would fare in this type of situation, as my only other experience was in 2016 which itself was not as bad as 2007/8.
I think we could all agree that 2020 is worse than 2007/8.
But my whole portfolio is already back up 10% on where it was in February before the virus started the fall.
With markets generally still down around 15-20%, I'm a little surprised but still quite happy with that.
:)

"I’m relatively new to dealing in shares"

May I suggest AIM shares may not be for you?

It's littered with businesses that failed and those that do succeed are extremely volatile.
You need to understand a lot about shares to deal in the AIM (also, having the time to the necessary research might be good too).

If you're starting to manage your own investments (as I've done for a few years), you may want to think about building a portfolio based on a pyramid:-

So, you have 40% in the foundations of your 'pyramid' portfolio.
This is where you put all of your 'slow and steady' investments.
But they're relatively 'safe' and provide the strength to put more layers on top.

The next floor up might contain 30% of your portfolio.
These might be slightly riskier but offer the opportunity for greater rewards.
The floor is still 'secure' because of the strong base layer underneath.

20% in the third floor, which promises greater rewards but are even more risky.

And then, finally, the peak of your pyramid.
This is where you put the last 10%; All of your riskiest gambles, including things like AIM shares.
Potentially the greatest reward, but by far the greatest risk.
If things do go wrong it's only 10% of your pyramid, so it has the least effect on your portfolio.

That's the advice someone gave to me when I started out.
It's allowed me to build a strong portfolio, which I used to retire when I was 56.
Good luck and I hope whatever you choose to do works out well for you.

You also might want to consider taking professional advice from an IFA (Independent Financial Adviser), or a Wealth Manager.

:)

Heheheh.
Going well at the moment.
Only 5 pts behind us.
;)

Congrat's Wolves (not on your team though, you understand).
Well played on your buy/sell.
:)

While I am happy to see this rising this week a 100% spike over two days really isn't a trend.
Particularly when the previous six months has been down.

It opened at +0.5p this morning and is now down to 0.35.
Is that a new downward trend?
No.

:)

Bill, you might want to open it (them).
The last four posted here only indicated trading suspensions, due to high volumes.
:)

Exactly!
Have a target and be grateful if and when you reach it.
Anything over that is nice, but it could've also gone the other way.
Hindsight is only useful 1/2 a second after it would've been useful.
:)

Even though I am of a more cynical outlook over this (generally and through the spike), seeing this falling slightly again already is not unusual after such a leap earlier this week.
Many will be taking profits already and it does not mean it won't restart another climb tomorrow.
See it all the time in other shares I have.
:)

I sold some on Monday Tymers.
I always have different price ranges for sells and buys.
I also said that I'd bought those last week, but that was incorrect.
I bought them on the 6th.
Paid 0.21, sold 0.24.
15% profit.
I would've made 100% and more if I'd waited.
But I could've also lost more.
The hardest thing I've had to learn with 'trading' is to ignore hindsight and be happy with what I get.
The shares I still hold will sell at different prices as well, but the first will go at 1p.

I am also tempted to try and start trading again, if the spikes continue.
I've been far more successful with that than simply holding.
Obviously there are greater risks with that though.
:)

kelso, you've probably already thought of this but, just in case;
I leave Pending Buy/Sell instructions with H-L (except last night, frustratingly).
Leave it a little more than you think the price will go and you can catch the morning spike/troughs when they happen.

I have pending instructions but didn't think UKOG would start spiking again so soon so they are much higher.
I will reset them lower again for tonight.
The price has already fallen to 0.38, so, I would then buy back in.
Would've been a 45% gain on the stock I'm holding (still has to be realised in a future sale, of course).
This only works if the SP keeps rising of course, otherwise you get stuck with 'em for six months (*sigh!).
:)

I predict one too.
Well, two too.
They'll both be about briefly suspending trading.
:)

If you believe it will continue to rise, it's still time to get in.
:)

Been thinking the same.
That or the speculators have turned this way again.
Already have my Sell orders in, just in case the renewed interest happens to create another sudden spike.
:)

Or maybe it was due to the virus, after all.
Not suggesting it was, just not seeing anything else which could (realistically) explain it yet.
Still, if everyone else benefits I do too.
1p is when I start selling my LTH but I'm priced all the way up to 10p again (just in case of repeats....)
:)

I sold some yesterday at .24p.
LOL
Win some, lose some.
:)

...that I must eat some humble pie and offer a few of the "Rampers" an apology.
I just hope yer all right and things continue moving forward like this.
:)

I'd also like to give credit where it's due:-
Last year Seadoc called both the SP fall to 0.2p AND then, on Thursday last week, suggested that this was about to pick up again.
;)