Member Info for Skwizz

The post-Brexit shape of Brexit is very much dependent on the pre-Brexit approach to Brexit.
The whole thing has been one gigantic abortion since the announcement of the EU referendum.
But whereas we 'normal' people might have been reprimanded; fired; or even prosecuted, for causing such a balls up at work, MP's and Civil Servants just hitch up the drawbridge again and carry on until they're awarded their next QUANGO / non-executive Directorship and retire off into the sunset again.
And again.
And again.
And again.
And still everybody will stand around and watch the same old system rolling on down the road.

Some may not be selling for permanence.
Today's high (so far) is 1.14p
The low is 1.08.

If they managed to sell 100,000 shares at 1.14p they get a cash amount of £1140.00 (excluding fees)
If they later put that amount towards buying shares back at a lower price, they increase their holding to 105,550 shares for the same money.

If the same were to happen tomorrow, they would sell 105,550 shares at 1.14p, netting £1,203.27 (exc. fees)
Buying the shares back at 1.08 with the same amount gives them 111,414 shares.
The trader has increased the value of his original holding by 11%.

Obviously the volatility of this share makes this operation a bit of a moving target.
The price range would be 1.08 to 1.14 and they will try and buy/sell at prices somewhere within that range.

UKOG has been popular for trading because of its' volatility and relatively wide price range over extended periods of time.
This is high-risk though.
If you sell and the share doesn't fall back, you have to either kiss the rise goodbye or buy back in at a higher price.
If you buy and the price keeps falling, same thing in reverse.

I have some I bought at the start of the year at 1.9p, which are not making me any money because I can't sell them.
Although the price has fallen I will only 'realise' a loss on them if I sell them.
I believe the price will rise long term, so I will just sit on them.
This is not ideal as the profit will take longer to achieve (if it achieves at all).
Even then profit is reduced because of the longer time I've had to wait for it.

On the whole I look for a quick turn around of about 5% (or more) and, many times, have achieved it in a single day from UKOG shares.

:)

I'm off out for lunch by the river, on this lovely sunny day.
If my 1.15p Sell goes while I'm out, I'll set a Buy back at between 1.05p - 1.1p when I get back.
:)
Otherwise, my next tranche to Sell will go at 1.2p.
:D
Please look after things for me.
Don't break anything.

My first Sell is @ 1.15p.
Also Buys at 1p; 0.9p; and 0.85p.

Loads of variables and two months is a long time.
I think it will still be the thin end of 1 to 2p.
No idea but will opt for 1.2p.
:)

Sorry, I have no filter list.
I want to see feedback.
Relevant feedback though.
I bypass the rest, but it still takes time to find out what is and isn't relevant and it's unnecessary.
Nobody benefits from it.
It's just irrelevant.

Hi Myro.
I am in the fortunate position of having retired early a few years ago.
I did so through saving into various pensions and ISAs, which have grown to a sum which I find comfortable enough to live on.
They are significant enough that they are now self-funding and I am able to adopt my annual allowance each year (ISA-wise at least, I no longer invest in pensions).
I only invest capital generated from these tax-free vehicles and all the profit/growth stays in them or is returned to them via my annual allowances.
Thus any profits are free from income tax and CGT.
If only I could find a [legitimate] way around v.a.t., IHT, and all the other stealth taxes we suffer in the U.K., I'd happily do it tomorrow.
:)

I wonder if the council tax officials, insurance company, and mortgage brokers for the house providing accommodating for the tree-huggers, have been made fully aware of its' new occupancy level.
The increase in occupancy might require the determination of its' value and risk to be re-evaluated.

It's not something I care about and don't want to read about historical feuds.

Everyone has their own opinions about UKOG's future and news.
That's what I want to read about here.
I have to filter anything which doesn't relate specifically to UKOG's SP, which just wastes my time*.

Anyway, rather than criticise anyone who doesn't agree with our opinions, let's all come together and try to make all of us wealthier.
It would be less constructive if we all agreed with each other;
"If two people think the same, one of them is unnecessary".

[* I am aware of my own hypocrisy here, having diverted two threads with pedantic info about Gibson guitar models....].
:)

I don't know for sure but, reading that users posts, I don't think it's the person you think it might be.
;)

I wouldn't say that it definitely won't see the kind of rise some are hoping for.
I've been there the last time and seen similar since, though not for a while now.
It's only my personal feeling on it.
I keep records of all my trades and look at patterns.
Nothing to say I'm any more correct than others.

If it's any help, just for now, I'm happy to have different kinds of holding in UKOG.
I have one that I have two pending sells on. One at 10p and one at £1.00.
I don't believe either will be achieved before they expire.
But, when they last achieved 10p, I only had a 5p sell on them.
It went up so quickly that the 10p price was achieved by default.
Not through any skill on my part.

The others I'm more than happy to get a quick sell on.
I look to try and buy and sell somehere within a 10% range.
I set advance instructions in case the SP spikes unexpectedly (this can happen at above the price I've set and faster than I can react), but I will also follow more closely if I think something's getting ready to move.
I may decide to pull the trigger and take a quicker trade.

If you're thinking of trading this share, you want its' volatility.
If you can fix that within a certain range, that's the trick, because you're almost able to predict its' prices.
I've done well doing that, but I've also come a cropper too.
I'm sitting on some shares I bought months ago at 1.9p.
But, as the price has fallen, I've been happy to keep buying.

The day it hit 0.8p a week or so ago, I bought at 0.86 (I probably would not have bought at 0.8p anyway, as that would've worried me).
I sold them two or three days later for 10%.
Bearing in mind an annual bank savings rate of around 1.5%, I'm more than happy to keep doing this.
If I were able to make 5% every week, that's the equivalent of a 260% bank rate.
I appreciate why some folks are wary of this kind of investing, because it's more closely associated with gambling.
But I've found some shares I'm comfortable doing it with (I've done something similar with Blue Prism over the same period and, less so, B.P. Plc).

Again not encouraging or criticising anyone else's investing style, just passing on for information from my own experience.
Hope something about it helps someone, somehow.
:)

Good luck to all for this week.
:)

I don't wish to promote or demote the share, I'm interested in the SP going up and down or, just up.
A lot of contributors here seem to be hoping to see the peak of two years ago when it briefly hit 10p in a day.
(which would be nice for all of us, holding shares).
For the time-frame you're asking about though, I think we may see the SP relatively the same as it is now.
This is only my personal hunch and has no basis in fact or black-magic; I can see it still being at the low end of a 1 to 2p range.
I'd be happy to be proved wrong and the price to rocket.
As I've already stated elsewhere I can profit either way.
But I don't yet see a reason for any of the hysteria coming from this forum recently to indicate any different.
Otherwise the price would have been higher already with speculators piling in on the prospects being discussed.

It is also still possible that we're all being hoodwinked and there's nothing really there anyway (for which there has been plenty of precedent in the past).
In which case, I'll see you all at the food bank in the morning.
;)

I don't begrudge anyone elses positivity, or wish to curb it.
Some of it does vex me though and I am simply expressing my own feeling, whether that be right or wrong in the event.

The Gibson "LesPaul" model is not a limited edition guitar, as such.
Though selected models/variants of it (of which I own one; a Std 2010 'Limited') in specifically limited production runs.
In reality these are geared to the market Gibson anticipates for a particular model.
Gibson Les Paul guitars are my passion and "Pedant" is my middle name.
Info only, not to cause offence (which appears to be easy to do on this forum).
:)

(Apologies for going off-topic).

:D

I'm not interested in people dissing each other, just profit.

But, as I'm here, would just point out that Les Paul played Jazz guitar.
He also invented the electric guitar and multi-track recording processes still in use today.
Gibson guitars still today produce their most famous guitar model, named after him, and a later S.G. model (possibly made famous by Angus Young of AC/DC ).
I am a miserable old fat git nowadays, but I am lucky enough to own two Gibson Les Paul Standard guitars myself because they were, and still are, my dream guitar.
Just passing on for info only and the memory of Les Paul himself, not to cause any offence to anyone;
I am in awe of Les Paul [proper], not only for his playing skills, but for his contribution to music generally, which all of today's music rely's upon.
:)

@ZX9R, As a [relative] new comer, I agree with you.
Nearly all of the posts and threads I've read through since finding this forum are based on no more than a feeling or opinion.
They're all right.
They're all wrong.
I don't get why there's so much malice from some posters to others.
Let's all work together and try and eke out a profit for everyone.
It's us against the markets, not each other.
:)

(ex-VFR800Fi)

Thanks Handy.
:)

Not wishing to boast or criticise anyone for trading, or otherwise.
I have been extremely lucky trading UKOG over the last two years though.
I only started talking about it as I saw some posts here criticising traders.
I do both (invest for long-term and trade) and wanted to share why.

I have made 'mistakes', but I'm so far ahead now that I can afford to sit on those 'mistakes' and wait for the price to recover.
Or add them to my long-term plans.
I remain flexible.
I hope anything I say would never sound as if I was shouting about how clever I'd been.
Just suggesting potential alternatives.

If it sounds like I was simply boasting I offer my apologies.
Simply explaining for those who don't know and others who may be afraid (which I would certainly consider myself as having been one).
It doesn't matter who makes a profit, or how.
Only that we make a profit.
If I think I might be able to help anyone do that from hearing my experiences, I shall try.
I am no expert.

[Only invest what you can afford to lose]

@Kris, fyi there is no stamp duty on UKOG share trades (yet).
It's an AIM traded company (penny share) at the moment.
The only share I've traded which could attract stamp is BP, which is less volatile and my opportunities have been much less frequent (twice yearly).

@northfork, thank you for your comments. Yes, I have no agenda and, because I buy and sell at different price ranges, I'm happy to see the price go up or down.
I'd be happier to see it go up as most of my holding is for the long-term.
:)

@Ianbeej, Yes, Mostly it's by leaving advance dealing instructions (not always).
So, for instance, I bought UKOG recently at 0.949p.
I immediately left an instruction for my broker to sell them when the price reached 1.05p*.
That's exactly what happened, while I was out at lunch with friends.
The downside is that the same day those shares carried on up to 1.15p.
I have to be very strict with myself; I look to make 5%* (in this case I went for 10%, and it took me longer to achieve), any more is a bonus.
Anything I miss is just one of those things.
If I started to worry about the extra 10% I could have made, I would have to recognise that is not investing, it's gambling and I'd be more likely to start losing more than I am making.
:)

@seadoc, thanks I'm new to that part of the world and hadn't heard of Maupiti. Will certainly do my research on it and am hoping to get out and experience plenty of the region when I'm there.
:)

@Bernie
Moorea, as it goes.
:)

@Handy
It's a good trader.
Just be careful and don't be greedy (greed kills).
Today's low so far is 1p with 1.08 the high.
That's 8%.
If you tried to grab all that, you'd probably miss.
I'm happy getting part of the range.
If I thought that would be the range for today, I'd set a buy at 1.02 and sell at 1.06 (purely as an example).
Happy to make 4% in one day.
Not as much as I have made in a day but still worth doing compared to the bank's interest rate (providing it works out that way).
I aim for 5% trades as less would not be worth the risk (to me).
I'm also aware that the fees will take up a percentage of it.
The less you invest the higher the fee (percentage) works out.
(If you invest £100 at a fee of £10.00 that's 10% of your trade - if you invest £1000, the same fee is only 1%).

Handy, these are just my thoughts based on my limited experience so far.
I've been extremely fortunate (with this share and others) and do a lot of research, having the time to do it.
I'm no expert and certainly not qualified to give anyone financial advice.
But I had nothing to go on when I started out and am happy to help anyone out, if/where I can.
Nobody's competing here, it's all "us against the markets".
Genuinely hope things work out well for you too.
:)