Member Info for Stupmy

I agree with you both Sekforde and Pelle, we shouldn't have to worry and seem well placed, but we've been doing the right thing a good period of time and the SP is at 15p. To me it's crazy and although I do feel optimistic, it's not making me money! Not this year (or last year) at least.

I'm jealous of your entry/entries around 200. I was super surprised to see the SP fall away the way it did. I traded it quite well previously, but have been left underwater by the drop to 200 or so. I know some of you will think I'm daft, but I've just 10% of my leveraged positions for 25p profit. If that gap does close (they usually do, but that update seems so reassuring that you'd probably bet against it), I'll buy back (and regret not dropping 50%!! GLA

Yes, it looked like the kind of update that should lead to a longer term bounce. I can't think why it would happen, but there is always a risk that the SP will drop back to fill the gap before really taking off longer term. Very relieved.

There we go. Thank goodness the market has reacted well I needed some relief here.

Some relief for holders. Hopefully we'll see the rise we expected now we've confirmation that things are going fine and even better than that. In auction at the moment.

Not often I see a 'strong buy' opinion. I'll try to listen this evening, thanks. Bit noisy at the moment. There's just one hoover, but it must be a jolly powerful one.

Jan, a year or two ago I'd have viewed 30-40p as a upside swing to be dropped for the next wave. Now I'd bite your hand off for over 30p. I'm not that far down, but on a big position it still doesn't look good. I'm also viewing it as trapped money for the moment. To free that money up would interest me at the current time. EPL changed just about everything for me here. At least HBR have a good divi (but no tax breaks). So happy to have 'diversified' (that sounds laughable in a way) there for the higher beta and divis.

I've stated my views on the political aspects of keeping/modifying the EPL and won't go back there, but the recent media coverage does make me a little more hopeful (maybe someon in power will read some of it do a bit more thinking about it).

Also agree the possibility of turning around quickly is attractive. On the face of it, I don't feel taht I made a mistake by investing. Although the imposition of the EPL has turned it into one. Maybe sounding as if I'm not owning my decisions a bit there, but that's not really true.

It's funny Maverick, I was trading this a little while ago and being laughed for not holding for 50p. Now we're hoping to move up to 27! Fingers crossed eh.

I also am not that optimistic about changes to the EPL, but the media coverage would appear to increase the likelihood of modification. I'm trying to remain hopeful although the just stop oil folk seem to have the public by the conkers at the moment.

I'm also hoping that an agreement on the debt ceiling would give a general market rise and that OPEC cuts would boost the O&G sector. Fingers crossed.

I'm not sure how robust the US labour market is. I think you'll see that manufacturing jobs dropping (there's already been fraud in the figures for one State at least; revisions were downwards). The service sector ticked up, but it's the summer season so that's to be expected. If manufacturing jobs start to fall, the service sector employment would follow. What would be really interesting would be if we see a fall in service sector employment during the summer season. That would be a pretty negative indicator.

I agree with most of that but worry about the risks that international recession poses. But in your post you seemed to imply some 'immediacy' if you like. Just wondered why you think now is the moment. I want it to be, but that's different from what it is typically!

Funny, always worth checking.

Well I've missed it for now. 81 to 81.5 looks like the next decision point. For me there would be very good reason to believe that the 78 area is/was the bottom. I'll leave it now until Tuesday I think.

If there's any substance behind that Dumbly, it presumably means that the EPL will be ammended. Only speculating here, but if it was sensibly (there's political grey area talk) ammended, the SP of ENQ and HBR should rise in response. Simply logic that having fallen in response to the EPL and EPL extention, it would rise on news of an EPL loosening. I'd welcome that. Feeling a bit trapped here.

Any rationale behind that Johnny? Or just 'gut feeling'.

Volume down again today and SP trying to rise, maybe this is continued distribution. Each time the SP tries to rise, it's beaten back by sellers. If you can figure out what triggers the selling you can trade around it to make a profit and/or better your average. I got that right twice which was worth about 35p or so to me on the trade (that's only small percentage of my holding). I'd be tempted to try again if I think I can see the reason for the sell/distribution (it's not random). At a guess, i'd say that today it would be around 543. That will only work until it doesn't and when it doesn't those sold shares are probably off the table for a long time.

I should maybe have said that 'it doesn't look unlikely'.

I'd have said it needs to close above 26.4 or 26.5 for that, but it looks pretty likely.

Until they quantify it and determine whether the particles from tyres actually cause a problem, it's just 'interesting'. Makes sense on a logical basis, but it needs a bit of science behind it to give it credibility.