Member Info for Skwizz

Lol.
Ah Phil, you keep on trying.
Doesn't matter to me what you keep taking from my posts, however wrong you are.
It just amuses me.
Almost every time I post I keep on saying that up, and down, works for me.
If the price falls, I buy. When it rises I sell.
More importantly, I make my living from UKOG, and others, but mostly from UKOG.
If you don't, that's fine. Best of luck to you in your chosen method.
I simply tried to point out how there might be another option.
I haven't pushed you or anyone else towards it.
Every time you've made me your center of attention is a compliment for me.
I've suggested ignoring me if you don't like what I have to say.
But you can't.
You wub me!
Smoochies Boo.
:)

Thx H.
Bit unsure how to go at the mo'.
I was going to buy at 1.1p but changed my mind yesterday.
I have bought two tranches to trade last week at 1.17p and 1.3p.
Obvs we're too low to sell those at the mo'.
Not sure we're at the bottom either now so holding off buying more for the time being.
I may dip in again if it goes to 1.05, or even 1p.
Again I'd rather it didn't fall so low, but anything's possible.
That's why I'm attracted to trading it.
8-)

Oops, wrong thread.
No, I didn't take anything as gloating.
I get accused of that enough meself.
;)

lol
Didn't mean you were.
Apologies if you took my closing comments to heart.
I was not referring to you (don't think we've had any other dealings yet).
:)

And yet I'm also on the "Rampers List".
lolol
I am less dismissive of the information some contributors offer (Ramp, or DeRamp).
I do filter the extremes (on both sides).
This gives me the opportunity to review it and form my own decisions.

I am nobody's side but my own - This isn't a battle.
Most of the contributors here are just trying to make money.
We're on the same side in that sense.
There are some who just seem to be keen to sit at the grown-ups table.
I try not to be too dismissive of them.
We were all young once.
:)

Boovie, You're correct.

I think I said I'd bought at 1.17p (24th), which I had.
I had also bought higher at 1.3p the day before (23rd).
Guessing I'll be sitting on those for a while now, but that's how trading goes.
I will only realise a loss if I sell them for a loss.
I'm in the fortunate position of being able to sit on those for a while and wait for things to pick up.
Generally I'm optimistic on the long term prospects of UKOG so I'm happy to do that.
That's not to say I'm happy about everything, but enough to see my investment back for a profit.

I did also have a 1.1p Buy set (actually it was for my Dad's investments), but I cancelled it yesterday.
Currently looking for 1.05p, but I haven't set any instruction for that yet.
I've also said that when the price falls it may be a buying opportunity and when it rises it may be a selling opportunity.
When the price falls, I buy along the way, at different ranges.
I try and target a 5% profit so, the lower the price I buy at, the quicker I'm (usually) able to sell as it recovers to a higher price.

Small profits, quickly - is still my 'b' strategy.
It just happens to be making rather more than my 'a' strategy, which is to hold for the longer-term.
Rise or fall, both work for me.
Time will tell which worked best.
:)

They won't stop.
:)

https://www.bbc.co.uk/news/world-middle-east-49874807

No boom?

I got it at 10p, if you mean me.
It did continue on to reach 11p shortly after (same day I believe), before falling back to oscillate between 3p and 7p for a few months.
Which I also found quite fun to trade until October last year, when I became uncomfortable enough to stop trading altogether (everything, as well as UKOG), until April of this year.
:)

PRSM might be a slower trader than a UKOG.
But there may still be a potential for bigger reward, I'm not convinced it will recover it's previous highs though.
;)

Appreciate it, Smitty.
I think my critics are exactly the people I'm trying to explain what I'm doing for.
I'm just giving people another viewpoint and suggesting a different way to make profit from this than simply holding for long-term reward.
Not suggesting it would work for everyone, just offering it up for further review and investigation because it's worked so well for me over the last two years.

Neither would I claim any expertise, just passing on my personal experiences.
;)
Your efforts in gaining 8% returns are exactly what I'm doing.
I only target 5% which seems to be a good compromise over level of return and the time it takes, but sometimes I'll get more by an accident of timing and am happy to take that.
If we could make 5% every trading day (sometimes I've done that twice in a day, sometimes I have to wait a few weeks), that would equate to an annual Bank savings rate of around 1300%.
Much better than they current reward savers.
;)
I wish you all the luck I wish for myself.
Please let me know if you have any little secrets I may not be aware of yet.
Always open to new thinking.
Especially if I can make an extra buck.
:)

You might want to have a look at PRSM (also AIM), which is another share I've traded over the last few years.
I got in at £7.00 and traded it up to around £26.00.
Every few months it seemed to fall 25% and I was able to keep selling and buying back.
Currently it's waaaaaaaaaaaaay down, having plumetted from £22.00 to under £10.00.
Seems to be its' current range.
I've bought more recently, expecting it to recover some losses soon (once Brexit's settled?).
There are risks to its' recovery, but I've looked at those and thought it was worthwhile getting back in (at least for my circumstances).
Suggestion not a recommendation; DYOR.
:)

You have good observation skills.
:)

I'm one of several who've said the SP could go back above 10p.
But not yet, by any means.
May take years.
:)

Higher than today.

Tony, exactly my views.
I've managed to always avoid (avoid, not evade) being a higher-rate tax payer.
I was 54 (2014) I started finalising my retirement plans and realised that, paying basic rate tax, ISAs served me better than SIPP's (at least when others managed my SIPP), even with the govt top-up and stopped contributing.
I retired in 2016 and continue to grow my ISA and SIPP by investing myself.
Only reason I keep the SIPP going is the Annual Income Tax Allowance benefit to me and the eventual I.H.T. benefit to my heirs, which expires in 2035 under current rules.
Before that I plan to convert what remains and withdraw it as efficiently as I can over a period, using the annual 25% lump sum tax-free bonus and transfer everything to a trust.
:)

Yep. As Tony says.
ISA will be inherited by a surviving spouse without any tax complications.
Upon death of the last surviving partner the ISA wrapper instantly dissolves and all of the contents added to your estate, subject to the normal tax rules.
Pensions, as Rosewall mentions, can be inherited tax-free until age 75. It's up to individuals to make their own plans for that time, should they want to avoid burdening their heirs, which I have already done. However, once part of the heirs estate, the capital is then subject to THEIR tax status. They can draw on the capital as a lump sum or partial amounts but it will be considered as, and added to, their annual income.

:)

When?

Yep, that's not my belief.
Just a possible outcome.

Btw, I can't pretend to know what's going to happen with the SP and try to avoid getting too invested in other people's opinions.
I have noticed though that UKOG will get trapped for periods within certain ranges and I try to buy and sell within those, while they last.
Currently I'd say that we seem to be stuck between around 1.0p to 1.25p.
That doesn't mean we'll stay there, or be there in a year's time.
The business is extremely risky though.
Personally I think the SP will be much higher than it is today.
I am hoping it might be closer to 10p again in a couple of years.
We could also go bust.
Only risk what you could afford to lose completely.

Currently I have left instructions to Buy at 1.1p and 1.0p (I don't know the SP will go that low again, it's just insurance).
I have Sells, for shares I've already bought, at 1.3p, 1.4p, 1.5p, 2p, 3p, 5p, and 10p, together with other shares I intend to continue sitting on regardless).

:)