Member Info for Stupmy

Doesn't matter which way you do it, sometimes it works out, others less so!! Good luck.

Anton, it matters to me. I don't know that the SP will go back to 50p. I can't see anything in the future and just work on the principles that some movements are more likely, others less likely. If you buy 100 pounds worth of shares, maybe it doesn't matter if your entry is 34.7 or 35.5 (that depends though on your mentality and spare cash pile). It matters to me.

Of course. It will sound trite, but at the time of my post the sellers had the edge according to lagging indicators e.g. 1433 stoch, TAC-DMI (if you don't know, it's a good one to get used to; derived from ADX and DMI which are better know). Really check it out (I use it on multiple time frames and am looking particularly at 2h in this instance. It comes from BC Low's article on identifying the start/end of a trend using DMI (directional movement indicator). In addition to the weakness in price action (plus the current weakness in POO), there is a small gap on the 2h chart. Just go back in time and mark all such gaps and you will find that they almost always fill. I'm assuming that observation will continue to hold truth and the unclosed gap will close. Timing these gap closures is much more difficult, but I think it will be sooner rather than later. In the short term, some buyers are appearing, that's giving a bit of buoyancy to the price (probably linked to spot POO which is trying to rise also). I still think I will be able to add to this position at or below 34.7. If I'm wrong, I don't care, I'll go shoot another rabbit.

Looks like it's trying a 3rd time at 291-292. Someone suggested the recent rise from around 260 might be short closure. The details on short-tracker are at least 48 h out of date. It's clear now, that the shorts above 0.5% have not reduced. It's not to say that some short closure below those levels has not happened. With news so close and assuming a tight ship, it's not clear why the price would break the 292 level to me until we have that news. My guess is that following release of the update, the SP will retest 260 and the previous lows at around 254. If the SP were to close over 292 though, it suggests a logical target around 325. There is nice descending tl that could act as resistance around 320 and another area of interest around 348. Going to be interesting and I'd imagine, in the absence of anything shocking, that this will become very worthwhile to trade.

Good to see the high-street fighting back. Interesting also, I always imagined we'd reach an equilibrium between online and high street retail. Moon has come off nicely, which is great. I could imagine it coming back to 115/116. I'll be looking to buy a few back around those levels

It looks probably the SP will move to 34.7 or lower in the very near future. I actually hold a few long, but won't add until we've dropped below 34.7 and shown some buying interest

Exponential growth is actually growth that doubles in each time frame. So if your time frame is a year, then each year it doubles. To say it's increasing very rapidly is to kind of dumb it down, although it's true. And growth might pass through an exponential phase, but when that ends, it'll likely cool rapidly

RNS this morning. Could give a positive read-across re expectations for DARK's update

I bought more this morning below 21. I've just been quietly and consistently adding. I've doubled my already decent sized position over the last 3-4wks.

Good volume, tight spreads and moves in a way related to spot oil prices. Looks like it's worth trading. It also a big base of PI's who help shift the price around, give it some beta. I've bought a few around 35p with a view to short term trading.

Nice bottoming pattern and rise this morning. I've bought a small amount and will try to trade around/accumulate some.

Normally, when I start to see those I'd considered filtered, it means it's time to login! Good rise this morning, I've been buying into it. I don't like holding for out of hours news though. I also see a technical risk of the price dropping to or beyond 2.60.

A significant part of that was me. Bit late for Santa, but it looks like a rally is on the cards, as suggested by one of our Swedish? colleagues. I'm still buying, but watch out for that 14p. Not out of the question. Take a look at PANR? To the moon was the only way, now that the obvious has happened, to the moon seems silly.
Hope you've all had a very merry xmas. Fröhes neues Jahr, trinken sie an Sylvester nicht zu viel.

10 million or so traded. Over 9% drop. I've added 150,000 today. From a speculative point of view, as long as we don't close below 20p, the first half of next year is likely to be a good one for us. If Brent continues down (which I don't think it will), we could also drop further, but it's not necessary that we do. Pretty well everything in the UK markets got beaten up today. Someone mentioned Warren B and it may have been him that said something like, 'When there's a fire in the stables, the pretty horses come running out as fast as the nags'. I'll keep the faith here and if we do happen to see 14p, I'll have significantly more shares.

I'm back in also

It doesn't matter very much and I would agree, that buying in Dec has historically given a good chance of a good return in the first half of the following year. I get caught with this sometimes, but not always, the belief that this year will be different. When I believe that (I'm believing it again this time round) I tend not to sell and therefore, not only catch the rise, but catch the subsequent fall. With the speed with which we've paid down debt, the company feels like a different company and I really hope we get the rise but not the crash. I'll probably sell a lot of what I have but retain some.

It's not what you wrote, here's what you wrote

"Yes, Enquest always rallies in Jan-Feb so just sit back and wait. December is always a "buy in" opportunity. We will see 3,50-3,75 SEK in February next year."

To me I think inaccurate to state always in Jan Feb, when sometimes it doesn't happen at all and sometimes it happens after Feb.

I'm just having a quick look at that 'always rallies' in Jan-Feb.

2018-2019: 2p rise, then down below dec
2019-2020: rally started in mid Dec and rose 11p (crashed by March)
2020-21: small rise in Jan, then Feb Mar a 10 p rise
2021-2022: big fall Nov (sim to our fall this year Nov/dec). Not much in Jan, or in the first 3 weeks of Feb. Last week of Feb to May 16p or so rise.

So, the Jan-Feb always rise is not accurate, but there have often been good gains in the first half
2021: SP rose 2-3p Jan-Feb, then

Well, I was hoping for 24 or lower and we've now got that. There's a little support around 23.5. Perhaps we'll touch that. It's a bit of a clunky one to trade so it could move up quite quickly. No sign of a santa rally and the UK markets are selling off again presumably in response to the interest rate hike. Very tempted to buy some back.

I was expecting a fall back to at least 113.35. That's more than happened yet. The low was 2020 in Aug. That was around 94.5 (read offa weekly chart). The rising tl suport from Aug 2020, to Sept 2020 would give a 3rd touch currently around 105/106. That support would be a good reason for buyers to come in and some will be waiting for that. UK markets weak today presumably due to the interest rate rise, but dealing the risk of industrial action and getting the unions and workers on side must be a positive. I'm not sure I was so impressed with the wishy-washy RNS on savings due to leveraging synergies (reducing number of people employed) etc. I sold half of mine at 117 with a view to buying back at or below 113.35. Close to xmas though and no sign of a rally yet. There's a recent short term low (2h chart) at 110/111ish. Not sure whether to wait for after xmas now.