Member Info for Skwizz

"Harrun

Price: 0.0155

Strong Buy

RE: Kitchen sink Today 09:01

Some people make negative comments from sidelines to get cheaper entry points. Debt free company all time low sp..holding for long.."

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Harrun

I have been negative on this since it was 1p six years ago.

Appreciate your perspective regarding how much lower you think I should let it go before it reaches my entry point.

Everything you said in your post is reason why people should not buy.

After seven years watching UKOG's fall it amuses me that people can constantly mis-interpret this information.

Like it'll still be around in the very very long haul.

:'D

Erm, locally means councillors won't be re-elected.

Nationally means ministers.

Call me old-fashioned....

"These will cost Labour billions in compensation claims"

It won't cost 'Labour' anything.

Or the Conservatives.

'Labour' is just a political party, as are the 'Conservatives'.

It'll cost the country, whichever party has to settle them while in government.

"they were what led to the 1929 Crash"

You're making my point for me.

:D

I'm sixty four bud.

I lived through it.

I retired at 54 in 2014, just because I recognised the opportunities provided by New Labour.

Not just them, but also Cameron's Tories subsequently.

I was fortunate and decided to put my money where my mouth was and act upon them.

But blaming the Credit Crunch, entirely caused by the collapse of the US housing market, on Labour is a bit of a stretch.

Do I believe Labour (Brown) dealt with it in the best way they could have? No.

Do I think the national debt would have existed without the Credit Crunch? No.

If Labour had been in power, instead of the Tories, dealing with Covid in 2020, would you blame them for today's national debt being almost as much as our GDP?

That was not Labour.

It was from the USA and whichever party was voted in would've inherited it.

The Tories actually got it and (though I'm a New Labour sympathiser) actually did a pretty good job of reining it back in, despite the moronic wishes of the "Buy-It-All-Now" generation.

As you say, "It’s Aim and expect the unexpected".

I'm happy to have done what I've done when I did it and I'll probably leave this one alone now.

I started out as an LTH, but quickly turned into a trader, because of its' continuing and quite wide level of volatility.

Can this multi-bag? It could. Do I believe it ever will? No. I still think it's gone too far and is being mis-managed to scandalous levels.

Would I average down? No, I don't believe that works. It's just throwing more money after bad.

Would I sell now if I'd bought at 0.0015p? Yep. That's still a 60% profit and I believe the current SP is unsustainable. While I was trading this, I only ever targeted 10% profits, but usually achieved more (20% and up) .

Actually it was once well over 30p.

But that was a very different company to today.

It used to fund other company explorations, not take them on itself.

That was back when it started around 2005.

I first heard of it in late Spring 2017 and bought £1000 of shares at 3p and then sold at 10.2p (on the way down from 11.2p).

Been a ludicrous decline and business since.

"Its only up 25%. not that much of a pump is it?"

That's how I got so much out of it.

Used to get those almost every day back in 2017/8.

And more.

If it fell 50% you could pretty much rely on it coming back up 20-25%.

So a big fall but, if you'd already sold, also a big gain for just a day's work.

Especially looking at bank savings rates of 0.5% for a year!

It does this often.

Which is why I keep talking about trading ('flipping') it rather than holding.

Personal view is that it's been too risky for trading for some time and I have better income from other shares.

Having said that I have also made a huge profit from it by trading, but that was years ago when I felt a lot safer doing it.

These days it's being controlled by the pump and dumpers and if you're not in their club, you'll come a cropper because it usually falls back again and to levels below where it was when the pump started.

I stand to be corrected, but I think you've probably missed this round already.

If you do want to risk something, look into how much dilution has been (and still is) going on here; the cash in the bank, vs revenue streams (if you can call them that) and what they will still need to keep borrowing to keep any form of operation going here.

I would also suggest you look into what PI's think of UKOG's management team, particularly its' leader.

We finally found something upon which we can agree.

I have been banging on about that and the potential for profit by exploiting it since I first found this forum.

Because of dense posts trying to drag the unwary into their own misery.

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Trish63

Posted in: UKOG

Price: 0.033

1p Tomorrow1 Oct 2023 19:31

Just you watch and see!

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*must've

*must have

:'D

No response from the rampies.

Real world can be so painful.

Poor ole Insidious.

Good job he has such a high tolerance for embarrassment.

There has been nothing to indicate any chance of that so far.

The SP movement is its' own indicator.

Personally don't think you'll see any return now.

However, I could be wrong.

If they're worth anything anyway why not just leave them in the drawer and look again in five to ten years.

Either someone else will have binned them for you by then or you'll be an onshore oil baron.

"If they get £50 million"

HAAAAHAHAHAHAHAHAHA!!!!!