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Stevesand
I keep saying but, with that kind of pot, you might wanna have a look at BP.
Far more potential for trading revenues than UKOG atm.
Good spreads, quick returns.
Goes Ex-div in a week or so.
(Barclays predicting £10.00/share - which I don't agree with but..., who knows?).
Professional traders wouldn't be interested in this at all.
This is barely even for hobby traders now.
Too much risk for too little profit.
Even if you're looking for high risk you still want some assurances of a decent return.
The higher the risk, the more return you'd want to make it worthwhile.
Ramper question.
Once again, again, again...
Potential investors in a business may be invested, or may not be invested.
They observe from the side-lines, and the attractiveness of a particular investment depends on their opinion of a stock and their strategy.
If someone is un-invested that does not mean they will never be invested.
Likewise someone who is invested may not always be invested.
As I have posted before, I am not now invested in this business.
The risk/reward ratio is far too great for me and my strategy (which is wholly separate and unique to my strategy for all of my other investments).
I do not anticipate ever investing here again.
But that might change if I were ever to see the potential for a reasonable profit compared to the potential risk of investing in a company like UKOG with all of its' management and philosophy weaknesses.
You asked, I told.
My own opinion, exercised for my own benefit.
Yep.
I questioned the other fool (elles, whatever his name was) boasted that he'd last bought in at £0.018/share about a year and a bit ago as well.
Well it hasn't gone anywhere near that since but it didn't stop him being happy.
So I'm happy that he's happy at least.
As long as Sandercon manages to keep the sting running, he won't have his delusions burst.
:)
It is still volatile so it might be possible to make a profit by trading it, as you say, the margins are small.
They don't make sense for the risk involved.
To get a worthwhile return you'd need to hold long enough for a decent rise after buying.
That is still happening but the general trend is down and you could find all the volatility is happening within a range lower than your buy in price.
Even the occasional spike might not be enough to get you out of it.
Five years ago this would go up and down 20-30% almost every day.
He has been.
Unfortunately (or fortunately, if you find the fact that he spends so much time and effort posting rubbish here, knowing that it will all be deleted again come Monday, amusing), he's using a loophole.
LSE will not close it for some reason.
Maybe it's because the number of posts made on their forum attracts advertisers(?).
;)
There is some frustration between the rather obvious ramper/deramper camps.
Some LTH's bought in during the 2017 spike (11.2p) and have seen the price devalued and devalued by a whole range of outrageous management decisions, which might one day be found to have some criminality behind them (not for me to say but I've seen plenty that simply doesn't add up).
Hope you make a profit (I hope everyone makes a profit), as long as it is not by duping others to exploit.
I think there are still profits to be made here but probably not by conventional means.
Trading seems to be the only practical and realistic option to anyone who's observed the goings on of the previous six or so years.
Another 10% since just last Thursday.
And I still have buys waiting, right down to 450p and sells to 550.
150% last year, which I didn't think I was going to come close to this year.
The last couple of months have put me back on track to repeat it now.
Damned sight safer than betting on this.
Consider paying someone to put so much time and effort into something that generates so little lasting results as Sandercon pays our multi-banned weekend idiot to post his temporary ravings here?
Mind you, to be fair, at least he's consistent with things he considers worthy of investment.
He's proved he's a plonker time and again, in various guises.
However, volatility appears to be creeping back in here.
Lower than it used to be and the spreads are much thinner.
But for the "faithful" willing to trade on their ravings, there may still be profits here.
Not for me though, there's still safer to be had elsewhere.