Member Info for Stupmy

I agree in a way OSG, that's for the mid term, but for short term swings I think TA still has value here. We're sat at 579 as I type that's not far from those downside gaps. I don't want to risk being out for the larger rises (if they come), but at a certain point if the chart suggested some downside, I guess I'd be tempted to book a little profit and hope for closure of the gaps. As you say though the story seems compelling at these prices. I have to a bit careful though, some of my biggest failures have been linked to overconfidence.

Stille, no-one ever took a loss by booking a profit so whatever happens next, you're right!!

Yes mcsquares, same here. 1 entry and 3 top ups. Now the wait for b/e (I don't even know what this, but it's not very far away

Looks ok as decisions go so far. As you say, it seems that someone has been selling down. Fingers crossed that's over now. Normally the mechanics of these things bring the SP back to the issue price or above in a reasonably short period of time. Fingers crossed that holds this time round. I don't need much to be honest as it's a trade for me rather than a longer term investment. Goodness knows I've enough 'longer termers' for the moment!

Well, good work Stille, I'm assuming you made a sensible profit on it. I often have the same kind of approach, but I really feel that this has lot's of upside in it yet. If it does come back to 525 or 517 (part of me hopes it will), I'll kick myself for not closing out. Good luck Stille and stick around!

I closed out yesterday for just over 13p profit. I've re-opened half today at 660 after spread. Looks like a sensible entry price to me

It's really interesting how different people (groups of people) can view a trade/investment so differently. There's obviously a rationale behind it, but for me this is solidly long for the time being. I'd have it up to 760-800.

I added a few more into the close. I think there's a very good chance I'll see b/e (that would permit me to rationalise what I have without loss), but I think there's a good chance of 45p in the near future also (that's profit!). GLA

Not sure Bob, looks like a little sign that buyers are showing interest to me, tomorrow/rest of the week will hopefully see us stabilise and rise.

Well, it seems I now have my next long position on PANR. My limit buy has triggered at 15.35. Current price is actually 15.29, but I guess it needed to work around the bid/offer for the trade.

I thought the same thing Bob, maybe near the bottom for now. I've been adding.

Mcadder, I don't think the price is going to go a lot lower. The RI was at 17p, getting the price down to 15.3 or lower starts to look like a good entry based on the way the normal mechanics of RI's work out. Having said that, no-one can see into the future so it's best to be careful

Mcadder, I think you'll see 15.3 or below soon. I've had a couple of good trades on this and will consider buying again if it reaches or exceeds 15.3 to downside. Currently it's sat at 15.86

I can't help thinking you're right that this looking for upside Shave. We hit 578 earlier then backed off. On the daily chart the SP looks to be trapped under the 50eMA. Since we've nicely exceeded the 564/565 area discussed yesterday it looks to favour upside from here. In addition CCL is continuing to look strong today. If we can break above the 50eMA (578), I can't help thinking we'll move up quite fast to 600 and above. I can't see any reason currently to worry about the downside. As previously stated I won't buy back my trading float of 5000 shares unless we do see 525 or 517. That's just a personal rule. No-one can see into the future, but all looks good to me.

Well, for the moment the SP appears to be rejecting the 648/650 area. I've taken a small long trading position. Fingers crossed it'll rise enough to make that worthwhile.

CCL really blown off to the upside today. Fingers crossed we'll continue.

Sorry 1 million, but it's not their first cut of 1 million.

It was only very recently when the Saudi's said that anyone short would be 'ouching like hell' after the OPEC meeting. Well, that's another 2million barrels a day off the supply side (in theory) from July 1st and this time the POO didn't rise at all, it normally reacts to the upside before giving it all up. It seems the state of the worlds economy is more important at the moment as far as expected demand is concerned than is the amount that OPEC+ are pumping. Will be interesting to see how low POO is going to go. I suspect that we have more pain to come in the coming months.

I'm also starting long. We seem to be at an all time (or at least long time) low.

GLA

574 Stille, 574 at least on my consoles

I've been trading this successfully for a while now. I had the 648/650 area as the next point to watch for a long entry. I have no exposure, but the SP is now 653 so I'm watching a lot more closely. Be interesting to see if we challenge that last low around 640. Not impossible that we'll see further weakness in gold and silver. But I guess if we got weakness in the dollar gold and silver could firm up and boost the SP here.