Member Info for Stupmy

Aim, I don't think that's true. Many stocks have not gone up with the wider market. In the US for example in the US500, 33% of the money invested is in 7 stocks I believe, they've been flying while many others don't move very much at all (same as LSE). I do suspect that a sell off will hit a lot stocks even if they weren't buoyed up by rising market. I'd still rather be sat holding shares that are currently undervalued than those with heady valuations should we see a sell off.

Will be interesting to watch and learn from this if the markets are going to continue their sell-off.

In a sense bubbles, it doesn't matter if we don't see 16.1, it means the ship isn't leaking and at some point should turn to the upside. There's rarely a rush to 'get on board' with these things. I think we'll see 16.1 or lower and won't get involved until that happens.

If you doubt it will hit 16.1 and you're pretty confident it will get to 50, there's not much point doubling your position to reduce your averge entry, at least that's the way it would seem to me. You'd be better just waiting it out.

Bubbles, wait until 16.1 to consider adding, just my view. If you do manage to double to bring your average down, would you consider selling half at or above b/e. Reason I ask is that if your reason for doubling is the gain on your average entry price, you're not actually intending to accumulate and it might be worth dropping half if you're given the opportunity? Just a thought.

Like a rattler in a soft play area, it's what I like to call 'throwing in a livener'.

Brexit and those that voted for it are responsible for the problems.

I have a support around 11.6 (not sure how strong that might be as a possibility). I'm at a loss to understand how we can be dropping below 12, although I suppose we might find out quite soon.

Actually fog, I suspect I've enough posters filtered that I don't see much of the nonsense. Looks like we closed off our peak, but POO holding nicely.

There's still not need for rudeness and attacking other posters. I assume he did that gratuitously with me and I filtered him immediately. I don't want to be drawn into bickering with id i ots.

It's just the truth Mike and it has no impact on the SP. I'm patient, try to be disciplined and look for good entries on swings and also when I think a stock has a stable base forming. I'm a big fan of Harbour and have until recently had a very big exposure. I'm looking to repeat, but if I don't get what I need here, I'll be in a different market.

Feb 1st 08:19: "I think 478 looks likely now, maybe lower."

Well we're there. I think in another post I suggested that 478-474 was likely. For me, now is a good time to watch for buyers coming back in.

I don't have an agenda, was just honestly stating my position. Obviously if I'd been 'all in' I'd prefer the price to rise, but as I'm waiting to enter, I'd prefer to get a better (lower entry). I assume that kind of silly (rude?) comment from Nitro is why he's filtered. I have no agenda, that somehow implies and active attempt to change something. I'm very passive, looking for low entries in various markets and looking to sell higher than I buy (or vv when I short). This is not clever stuff. People notice that buying low and selling high generates better profit than buying high and selling low, almost from the very beginning of trading.

Nitro sounds like a complete 't it' to me.

I have to say, I'm finding it quite disheartening. It seems Labour are very likely to get into power. It's got me waivering now about investing anything else into NS oil companies.

Just to be clear, when I said that I filled my pants this morning on the move to 29p, I was not implying that I bought more shares. Just to clear that up. My average remains around 30.7 (from memory guesswork).

Well in the last week or two I've filled my pockets with these at about 30.7 average according to my interpretation of the TA suggesting the SP might have bottomed. Having filled my pants this morning on the basis of, I think they call it 'share price action' with a swift opening move to 29p, I'm back in clean smalls and out searching for a fine whisky to celebrate the passing observation that I'm back in profit.

Long live the Tullow Monster.

That brings back the point I made previously about Letter One and it's links to Russia. I had wondered whether this could prove complicted with respect to completion (I discussed it soon after the deal was announced), but had assume, because the Russian directors of Letter One had stepped down, that it wouldn't be a problem. The article you posted discusses Russian ownership of Letter One and it's implications (minimised as likely not to affect the deal).

I can't help thinking that if it's important enought to discuss in the media, it's a possible handle that could be used to spread confusion and doubt and thus further weigh on the SP. Afterall, until the deal is ratified, our natural range (regardless of personal views of the 'value' of the company) was around 220-260. We're back into that range now (albeit at the top of it). The media is not necessarily benign in it's ownership nor in the material it publishes. It is a very powerful tool that affects us all.

As someone with very little current exposure, I'd welcome the media sewing doubt and a move down in the SP from the 258 it sits at now to the 220's. If it got to that point I'd probably rationalise other positions to buy back as it would seem to represent the base case market cap of HBR without the proposed deal being ratified. What I mean to say is that it would likely limit the potential downside (and losses) should one invest at those levels.

It seems increasingly likely that we will see 16p. I won't buy anything until that price has been seen. After that I'll look for evidence that there are some buyers getting active.

Be interesting. POO remaining strong, but TA (my view of it at least) pointing to further SP erosion to come. Be interesting to see if there is a divergence in price action between this and ENQ. ENQ didn't get the pump up on news of an agreed but not ratified deal. I could imagine ENQ rising and HBR continuing down to the 223-235 area.

Personally I'm very interested. I've bought a very small long position (around 262 a day or two ago; FOMO) but have not comitted anything serious here. I'm kind of hoping for the price to fall to the bottom of it's previous range before the announcement of the Witnterstall deal. Logically that seems very unlikely, but I'm so often wrong with my logic, that I now favour discipline and TA.

Jeffrey, the way I understand it (happy for others with more knowledge to correct me) the market makers make their money on volume. For that reason they search for volume by adjusting the bid/sell and the spread. I'm assuming with not a shred of evidence that they found the volume on the downside rather than the upside so the sellers have taken over for the moment.

I think buzzard's comment 17:58 is pertinent and I agree it's not without interest.

Frac, originally the wording from the conservatives was 'excess profits levy', it's now energy profits levy. There's a big difference between the two. I suspec that the 'giants' wording is for effect and that we'll be hit.

Oh dear fnazmul91!