Member Info for Skwizz

@ Qwerty - I trade BP as well as UKOG, although with a very different strategy and it may not work for me for much longer, looking at the spread over the last 12 months and where we might be over the next 24.
Just mentioning for the same reasons I've spoken about trading UKOG; So others can be aware of the potential (DYOR).
I went in for the same as you when the share was £3.50 in 2016 (could have taken it closer to £3.00 but was already invested and had no spare cash until I could get my next ISA allowance in April 2016).
I went in purely for the near 6% annual dividend, intending to keep re-investing all of those for a few years and grow my overall holding.
However.., around xmas that year the share had risen to £5.20.
With no experience or skill I moved on a hunch the SP would fall as we moved towards a warmer Spring and sold all my shares for £5.20.
Didn't get my dividend that quarter obviously but I re-invested that money when the price fell to £4.40 in April (I may have missed that dividend as well, can't remember now).
I'd made 18% and it would allow me three years of dividends to be able to buy back in, so it was worth a go.
Obviously it worked for me, but that was the first time I traded and I have been very lucky with some of these, BP I don't trade as much but have been quite lucky because I have a larger holding so I see bigger profits trading that particular share.
Being shut out for three years was worth the risk, and there were always other places I could invest it if I was.

The next two years year I did the same thing (again over xmas), selling and buying back a few weeks later.
This time I got back in in time for the dividend as well.
I did consider doing similar earlier in the Winter build up, but the October crash caught me out last year and I got scared of trading anything until March this year (except my one xmas BP trade again, but I was scared I might get blocked out again).
Trading is much more risky than how you and I looked this share initially.
Could be worth considering two complimentary strategies though.
I've doubled my holding (started out with same as you) in just three years, including dividends.

Just making folks aware.
No personal agenda.
:)

Closed up +7% today.
Bugger!
Well, I got closer to the max than last time, when I sold for 10% (I think) and it went 15% the next day. lolol
:D

Labour, in its' current form, makes everything Labour-proof.
Unless they come to their senses extremely quickly and realise just how close they could be to a gift shot at power, if they re-organise before any election.
;)

Yep. All valid points, on both sides.
My thoughts may be wrong but the guys we'd know aren't really that involved in acquiring businesses the size of UKOG.
They employ third parties to go out and find them.
But that could put them close enough to the sidelines that a move on the SP that's significant to get their attention, but not enough to make them too pricey, could generate a surprise move.
The reason I think it unlikely is that I think UKOG themselves would be crazy to accept any offer that BP (or RDSA) might think to be a 'fair' price.
:)
I mainly have it in the back of my mind for awareness, in case a prompt reaction is required one day, rather than anything else.

Yeah, the shares I bought and then sold for 14% yesterday rose another 5% today.
LOL
Ah well.
Win some, win some.
;)

I hold shares in BP (Sold RDSA two years ago) land have been wondering about their interest since finding out UKOG ships to one of their refinery's.
I think it is a possibility, but a remote one.
If it's to happen it's more likely now than later, when I think UKOG would no longer be a bargain for BP but could still be practical none-the-less.
BP has cash in the bank and is looking to buy, but their strategy (and RDSA's) seems to be much more focussed toward buying up and switching to renewable businesses in order to justify their marketing of green credentials.
My personal thoughts (if I were in their shoes) would be that they're probably looking toward recession spending for cheap deals as well, since we're edging closer and closer.
But they could just as easily be unaware of companies like UKOG.
They may also wish to avoid any further Swampy involvement than is absolutely necessary.
They must've had a butt-full over the years.
:)

I've been doing that for over two years.
LOL
I've also been buying low and selling higher for a separate holding at all ranges the SP has gone through in the interim.
:)

Would that have not then made it "expected"?
;)

Stopped listening to anything Motley Fool has to say aaaaages ago.
You can read two entirely contradictory views from them in the same day.
They're just click-bait now.

I don't get why Argus was dissed for this thread.
Yesterday I cancelled a Buy order I'd set on UKOG because I saw a Trust investing in Oil futures was falling.
Made no sense to me at all and I bought.
Sold those shares this afternoon for 14% profit (closed at 16%, demmit!).
Argus just posted an observation of what was actually happening.
I don't even see how it relates to UKOG, whose SP doesn't even seem to relate to Brent any more.
How is that 'ramping' UKOG?
Before anyone says it, I'm not - I want it to keep going up and down.
Rather more than it is now as well, please.
:)

@ TheRealist - Interesting, if long, read.
Thanks (and "PHEW!" lol).
:)

@ Legalease. Hope you're right - That's my next Sell, unless the price falls again to somewhere I can buy more to trade for a quicker return in the meantime of course.
:)

Congrat's and well done fjones40, for collecting (and ordering) all the user input / speculation.

Now 50/50 split on my remaining shares.
All bought at around 1.05p (different 0.001p variations depending on days purchased).

50% to sell at 10p (I don't expect to reach this as quickly as some seem to)
50% to hold for [bigger?] even longer term returns.

Just cancelled pending buy order at 1.00p I set yesterday as I've re-routed the cash toward a [potentially] better option, which came up just this afternoon.
I am doubtful UKOG will fall to my Buy price quickly enough (if at all) to compete and believe there's a quicker trading return to be had elsewhere now.
I could have raised my re-buy target price, but don't think that's the right strategy for me at this time.

However you're choosing making your buck, GLA.
:)

Somebody just sold 170 shares for a total of £1.86.
Surely it will have cost more than that in fees.

@Ocelot - Thx bud'.
:)

@ tkr234 -Thx m8y.
Nobody on here knows what I do with my money either.
Just 0.05% of it.
;)

@ Hammered & Dickboy - Ironic that you cared enough to comment.
:'-D

I have UKOG shares I'm holding for longer term.
I am hoping to make a big profit on them.
In the meantime, I've been posting about the possibilities of trading while waiting for that to take off.
Some posters have commented that they think I'm only doing that to boast.
Again, that's not the case.
I'm just posting because it's potentially a different way to make income if the SP doesn't shoot up in the interim.
Or a complimentary means alongside the long game.

So, last Wednesday I bought at 1.05p.
Irritatingly the SP fell immediately and has been down since.
Today though they sold at 1.101p.
My trading fee is £5.95/trade but, with the amount I traded that Fee doesn't even enter into my thoughts.
5% in three days (okay I wasn't able to trade it at all for the previous two weeks, but then made 10% on that trade).

Trading may not work for everyone.
Just letting folks know what I'm doing and how.
It's not about blowing my own trumpet.
It's about making others aware of a different way to think of this.
Little profits, often.
They mount up.
Already have my buy-back order set for 1.0p (in case it falls again - if it doesn't I will revise at some point).

Whether you hold or trade GLA.
:)

NASA "admits"???
Lololol.
Ooookay.
Mebbe they started to get their scientific research data from Chump.
LMAO!

There's rather more going on than that I think.
Everyone's waiting for the city to get interested again.
Maybe SCC would make them sit up quickest.
They may be waiting to see some more positive signs from the UKOG board as well.
Having approval to run a business is different from a board who can.
UKOG has given off some potentially awful investor messages over the last year.
Not in what they say, but in what they do.
Plenty of unwelcome share dilution.
The city will want to feel their money's safer before piling it back in again.
Having a bigger bank balance and some stability would help.

Granted.
But there was a comment that the SP still fell.
The share price will react by a complimentary amount to the amount being traded at the price it's trading.
if you see buys of something like 1%, you should see a positive reaction of something like 1%
£100k buy (particularly if when the price is falling) won't register.
Not even 1% of the business value.
:)