Member Info for Stupmy

Assuming you got a good CETV, look at anuities (if you're fit and healthy and not looking to pass the baton on). You'll have got out at the peak and can buy double what you'd have received by putting it into an annuity now. Just a thought. It would effectively tripple to quadruple what you'd previously have achieved.

The lack of a floor price seems crazy. Where does the profit stop being a 'windfall'? Very shoddy piece of legislation in my view.

Nothing's certain Beryl and things can change quickly, but for the moment 300 or so doesn't look unlikely. What I would say is that from a TA perspective the indicators are starting to look somewhat 'permissive' for a long entry. By that I simply mean that they're in oversold territory. Doesn't guarantee that the price will rise, but it makes it increasingly worthwhile to watch for a change in direction. There's a fair bit of positivity on this board (maybe disporportionately from CR888!!) and if that kind of view is held more widely it is suggestive that the SP could rise quickly when it changes direction. The spread is terrible though, that makes it quite expensive to trade.

316 has come and gone we're now sat at 311.6. 300 area looks to be calling next. Interesing though when you see that Dark are winning awards from Homeland Security (Berylflu's post).

For the booze, recent results are suggesting a switch from drinking out to buying at supermarkets and 'drinking in', will be an interesting festive period that might hit the service sector (pubs, restaurants etc) and benefit the retailers. Surprised about the top end car sales though.

For me the director selling is something it might be wise to pay attention to. I've read the arguments about that being not significant etc and it takes me back to the interview that Rupert Cole did (CFO/CEO of Excite at the time) where he'd sold some shares; he waved it away as an insignificant line of questioning while looking like a trapped rat. He also managed something like 360p a share for something was in the pennies when it went bust). I agree with those who are cautious around director selling, also agree that it might be a sign that management are not expecting an imminent trigger for a rerate in the price

Price action now pretty negative, although so is that of BP (i.e. don't worry too much about something company specific for the moment). Presumably, the price of Brent together with worries about next weeks FED rate rise and a generally thin market moving towards the holiday season is about to offer up some 'bargain prices' just before Xmas. There are many varied levels at which ENQ SP could turn on a dime, but for my money the chances of seeing just over 20 have increased a great deal. I shall watch and accumulated carefully at every opportunity with a view to a 6mth timeframe of holding onto them. GLA, buy some more mrc (do it by the charts to give yourself some better entries!)

We're at 317 now and I can't imagine it not achieving my 316 now. Be interesting to see whether that acts as support. Markets are thin in general and the drop here could be unrelated to the company or the sector, just general concern (perhaps about the Fed's next interest rate raise next week?).

We're around 246 now. That is potentially a support so a bounce would not come as a surprise. Spot oil still falling and for the moment POO remains in backwardation. I personally expect the price to continue below this trendline (below 246) and hit or exceed 235

Looks like a pretty good chance we'll see somehwere around 316. If that were to happen I'd start paying more attention. Spread is awful on this share, that's why the price seems off Stevie.

I've been out of this for a while and I'm not sure why this would happen, but it looks like price is likely to hit 235 or below. If this happens, I start to watch carefully for a new entry.

A simple 'good call' would have been more gentlemanly

Bingo, there's the 23 p level that couldn't possibly happen. Just have to find out where the low will be. There's a sensible argument for a speculative long entry at 22.9, but bearing in mind the price of Brent it might be safer to wait until the SP has shown some concerted upside. I shall continue to trade it according to TA/charts.

Back below 23.9 now (at 23.76 at the moment), I'll watch for some sign of it having bottomed and try again wtih a view to the uspide targets that I suggested previously.
GLA

Well, looks we're going to see the 23.9 area before the higher areas. I dropped it at 24.75 (ish) and will look again on Monday.

Here's what you wrote KO "Stump your charts are as good as Micheal Fish’s chart in 87
Full of smelly wind" on Wednesday at 22:55. Very helpful and constructive.

Are you watching the SP? You should apologise for your childish attempts to start a bickering fight on a bb. You must have seen how that goes? Once it starts, it's gets out of hand and ruins the board. Then all of the hard work from level headed people, sharing their ideas, gets lost in the nonsense.

Looking good for now. I'll be cautious about it all, but that's easier as a trader than an investor. I'll be watching the price closely around 25.5, 26 and 26.7. Would be great if we hit those. For me, though, I also think we'll drop back to just under 24. Who knows what comes first. So, I'll drop what I've got so far on any sign of weakness, but would start again (or add if I don't get the chance to sell first) if the price falls back below 24.. GLA

Jan, I don't disagree with you at all. I would not be building a long position if I didn't think we would get significant upside. But I try to build in a rational way. Part of that process involved looking at the charts (this is a condensed expression of the behaviour of market participants). Since you can't change human behaviours (look at KO's need to be gratuitously rude for no good reason), then the charts are very, very valuable. Agreed, 30p is highly likely. I am still calling 23p or below and I think it will happen sooner than 30p. Having said that, timing movements is very difficult (that's one reason why I don't trade options). As I often state, no-one can see into the future, but some scenarios are more likely than others.

We'll see mrc

Well SP movement has looked quite encouraging, but for my money, we're going back down to 23 or below. No idea what would cause that, and it's just my interpretation of the charts. No-one can see into the future so anything could happen, but under certain circumstances, certain scenarios become more or less likely.