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I've been doing it since just before it got to 11p (buying at 3 and selling at 10).
However I only found this site at the end of the very active period, looking for more information about UKOG.
I had no information before that and was just flipping on the volatility I thought sentiment would cause.
Since then I have posted my activity before it happened.
I have been entertained (sorry, I mean "criticised") for not doing that; for doing it; for "boasting"; and for posting tips on other activities I was trying.
The only reason I ever posted was because I was brought up to expect this strategy not to work.
It worked far better (for me) than I ever expected.
When I arrived here pretty much every other posted was an LTH and complaining that trading UKOG didn't work and was spoiling the SP for LTH's.
I post for anyone who was interested and prepared to try.
I don't care whether anyone did; what happened for them; or how they perceive what I post.
It's all only entertainment for me.
Those (usually rampers) who have been vocal in their disbelief simply validate my posts.
:-D
I think you're referring to 2017, when the SP jumped to 11.0p.
It was not that long-lived and they sold out, though I can't remember whether that was at the spike or after.
There were plenty of sizeable Buys around that time (compared to the number of shares in issue), when official news releases were more credible.
If it were of significant impact to the worth of the business.
Releasing news could also risk falsely affecting the value of the business, which is a whole other matter.
The markets want to see results now, not potential (unless that potential is guaranteed).
There is no such requirement.
I think the ramper comment "Good news coming soon. RNS Monday morning." may be confusing you.
https://integritygovernance.co.uk/what-information-must-uk-companies-disclose-to-the-public/
"Information that all companies must disclose to the public includes the following:
The company’s constitution, including articles of association and copies of certain resolutions passed by shareholders.
Details of its share capital.
General financial information for each financial year, including a profit and loss account and balance sheet.
Details of board directors, the secretary and registered office, and details of persons with significant control over the company.
Almost all companies must also prepare and file an annual directors’ report, containing information on the company directors and the company audit. Larger companies must also provide information on how directors worked to foster the company’s business relationships with suppliers, customers and others. Companies with more than 250 UK employees in the financial year must also provide information on how the directors engaged with those employees. In addition, medium- and large-sized companies are required publish an annual strategic report."
That some of you were listening to me keep banging on about BP.
I hold and trade them (trade for small but quick profit).
I traded a lot more last year, much less this year due to lower volatility.
Expecting the price to get back to 550p in a few months.
If it does, I'll likely sell most (if not all) of my LTHs as well (LTHs bought at just under 200p, three years ago).
Just buying shares, doesn't push the SP up.
If enough people want to sell their shares, and are keen enough to get rid of them when few want to buy, the price goes down.
To get the SP rising you need people wanting to buy when nobody else wants to sell.
This is why I keep referring people to the actual SP, not what rampers/derampers want to have you believe:-
The actual SP give you a completely accurate picture of what's really going on behind all the waffle.
How do people really see UKOG's potential and does that make them really want to buy, hold, or sell?
It's very simple.
Yep.
Think I'm better continuing with my previous strategy and steering clear.
Still think there will be some profitable volatility here, but the timing's too risky.
Other sources have far better security (not to mention genuine leadership).
I tried 'averaging' down here in my early days.
It worked (to a degree) with the level of volatility there was, as I could leave money here and wait for the SP to rise again.
But it doesn't work over falling trends - that just works out as 'throwing good after bad'.
I reduced the amounts I was prepared to throw into this over time as the volatility failed as well.
But I'm thinking that the people who whitter on about how great this is supposed to be might still have some faith left and be prepared to dive back in on a decent fall (which this is becoming).
Maybe just the gambler in me thinking aloud, I have nothing in here atm and haven't had for a over a year.
Entirely taken up by other things that have been giving decent returns (with stuff all risk) now.
Just looking at the fall from 0.05p to 0.04p.
I can easily see "something" shooting this back to 0.05 on nothing at all, which would give 20%, even while it continues to trend down.
Just thinking that this might be worth another punt at this price.
Not betting on the company, just its' blind rampers.
Whether it's attractive enough for me to get a quick profit from flipping it on their optimism.
There are oil supply issues in the wings that may tempt "investors" like ells back in to lose (I mean 'average down') even more on it in this range.