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Deal on Monday in my view Happy days. 4 by close
We are going nowhere. That level is now 3.6
so we should not go below that level today given there is 1M to fill there.
Good Call Investinvalue. Question now is to SELL more to bring it down or two buy more????? I will wait for the nexy move
Will come back to 3.5 or I will just sell more! I m determined to buy back at 3.5 or lower only
3.5 for 1M so I am worried we will not get to 3.4 so my advice is to move it up to 3.5
Another 0.1 down on the offer and the fun starts
This is also a good lesson for all those amateurs who when they see a 1M order or if the stock moves up a bit think that someone is in the know - No - no one nows anything - there is no insiders here - so when I push the stock up with my BUY order at 3.5 remember that no one is in the know and it is just buying and selling and stop talking drivel that there is definitely a deal. I hope there will be but not because of this level of movement
This is what happens when volumes are too .ow and a relatively small sell size can move the market. They still have more of my stock to hedge so we will be coming lower. Hopefully 3.4-3.5 and then the master might go back in again although I do have a huge exposure currently.
A spread of 3.4 to 3.5 will be a result and then the fun starts
Because I have much much more and I book some profits and if I can I will day trade it later and if not have sufficient level not to impact my overall returns
But still far more volumes to go through given that I sold around 1M through them. Bid now 3.55 - If offer gets to 3.5 - I will buy the 1M back and have fun into the close otherwise very happy with my substantial long position.
These deal I executed through one of the spread betting platform that I rather not name - they have to hedge their position in the market which will be through various amounts. Also sold 3x 200k following that. They will take time which means the stock will continue to move down as they hedge. The actal stocks which is around 88% of my positions I have kept.
3.81?
Not very liquid today given that I have sold only around 12% of my position and the stock moves that quickly. For the rise to 8 we need real volumes - it is obvious that todays move was only an amalgamation of small speculators buying. I guess if I decide to BUY them pack I will have the stock close to 4. Will let you know if teh Master decides to buy back more later.
Look at the share price as my volumes go through :)
sorry meant 3.81!
3.81 and I can already buy it back below that level. Sold a bit more at 3.71 and will sell the last lot above 3.6 here. Stil a huge position left which I will add to around 3.5
Going to take more profits here
HAHAHAHAHAHA - EXACTLY - happy that so many oil drilling technicians are here. Stop repeating and being company mouth piece my amateurs. Anyway my selling will now push the stock down to 3.5 - will buy back again further down