Member Info for Stupmy

I'm back and watching it. The drop from the 120-85 area (brent) is about 30%, of course on 85 dollars of the 120 is profit for us so that drop from 120-85 is 47% for us (ignoring hedges). The drop in our SP from ca 39 to 26 is 33% so more in line with drop in oil than drop in profits. I guess that's a good thing and suggests the markets do not believe we're in any trouble at this point.

It does feel like it sometimes with Mr Market Sheltie!

Well, having taken the 29 and 27p opportunities, it's starting to look as though I'll be out for the 26p opportunity. They're like busses!

I'll be back before market close. Will be interesting.

I have a vague, but similar feeling about it all chilt

In addition, SP action isn't that pretty and it's starting to feel a bit like pinning a tail on Eyeore's back-side in a dark room, but in the near term if we don't close at 27 or above it looks like we have series of stacked possibilities (to stop the rot) around 24 to 25.5. On an 'rose-tinted' bright-side chart, the daily chart is looking more 'permissive' for a move to the upside (it's not rampantly negative). That's a long distance from saying we're about to go up! If we don't get support around 24/24.25 (hopefully we don't even get close that level), then 22.5 to 23 looks like a good support to me (although it could briefly breach to hit 20 area).

Can I just pin that down. I don't share BT's views, I liked his hashtag bit. Just throwing that out there so that there is no confusion.

"BacchusII, the 250p IPO was only available to institutional investors who participated in IPO. The share price shot instantly to around 330p on its debut, so yeah, most people are losing money",

That might be absolutely true Bobo and it's a good point. There has (as far as I can see) only been one period since Apr 2021 which I assume was IPO time during which shares were priced below 300. That was for 3 or 4 days in July this year. So we're getting close to (from historical data from Yahoo finance) an all time low (280s somewhere). I there is no fundamental issue with the company, then as others have said the recent results make the current SP of some interest. Although wider markets are currently selling rather than buying. I guess we'll get some sense of where this is heading in the very near future. If the week was to close out with a SP below 295, it might be wise to be cautious.

bobo, you're post at 12:13 is largely rubbish, by the time you understand that that is just you're emotions talking, you'll be ready to start making money from the stock-markets.

Fender, it's actually the advie of financial professionals that you should keep your money exposed in a managed portfolio, it's the best way to guarantee long term gains etc etc. It shocks me each time I hear it. If you move to cash, wait for a market to drop 'you say 25%' then move back into that market, it's a no brainer that it's better than riding it from high to low and hoping it'll go higher. There are some issues though, like 'no-one can see into the future, etc, but a a certain point (early is better than late), you're best off out if the market is dropping. What actually seems to happen is that people tolerate as much pain as they possibly can and then get out just when they should be getting in. Very difficult to call though.

Utterly agree Spin, low hanging fruit can turn out to be 'off'. BT, I laughed at your hashtags and also think that people are hoping for a lot from Liz's quick-thinking. I don't like debt, I'd rather stomach some pain for a while and reduce our debt so I'm not fully on board with Liz, but if it makes the markets easier on me, I'll have some of that. KO, it's not simply media spin in my view, the problems are real and could get a lot 'realer' in the short to medium term. At some point, there has to be some rebalancing and maybe we're seeing the start of this now.

Indeed, my long entry didn't go too well! Still them's the breaks, suck it up. The FTSE100 now below 7000, US500/30 selling off (futures), when Barc hits around 150, I'll looker harder for long positions. For now, the sellers have it.

Spin, it's not UK specific. I'm also wondering whether Liz's government might be a breath of fresh air. I can't get that clip of her saying that it's an absolute disgrace that we import 60% of our cheese out of my mind, but so far, she looks 'more the part' than I'd ever have expected. Time will tell, as with so many things. The US markets, whose futures were showing a hint of weakness are clearly showing weakness now. Investors are just scared of investing and many traders are switching to a short preference. I guess down-side swings could get exagerated (making them more attractive to traders and gradually taking money off investors). It looks like a time to be decisive and know your own finances, personal emotional tolerances and put a tin-hat on. The people best-suited to the market will do best in the market, some traders will get rich, others will get it wrong and get caught bathing without the proper attire. Investors really have to make a decision where they think this is going and position themselves accordingly. Most money will be lost by those who are most distressed. I've finally been decisive and despite the drops in brent and our SP. I've added again. However, I'm not suggesting our pain is over. There is no evidence that buyers are back in force.

Ironically, having said I'll watch it closely, it's dropping exactly when I need to go out. Fingers crossed I'll not have missed an opportunity in the next hour or so. Good work BT. I hope I don't end up being 'too patient', but being patience is one of the most important factors in being successful. I rushed my entries around 29 and they are currently out of the money.

Plus the hint of further weakness on the FTSE and in the US500 seems to have immediately brought our SP back down. I really do think that we will see 27p hit, could very well be today by the look of things. I'll do my best to be watching closely to see if it's worth adding at around that level. Might seem a daft thing to say when our SP is 27.35, but it's going down short term and it's best to buy once the direction changes.

"Can't help wondering if we're about to see the 110-112 level". Well I said that amongst other things on Sept 14th. I've tried a long entry this morning in case that level is rejected and we see a bounce.

Thanks Bobo, I was very surprised, but didn't want to re-open anything to follow up.

Google finance is now showing a closing price of 332.75, with a drop on the day of 5.92%. If you bought at 320 and that is in anyway real, you're already making money and the it would suggest that the price closed above support. I'll be interested to see how it opens. I'll take a screen-shot, but I don't think I can post it here.

I hadn't looked at that, but to be fair, I didn't suggest there was anything DT specific here. I have not idea, I'm just looking at it from TA perspective. I am interested in some of the back story and it does concern me a bit here, but I'm pretty sure I didn't suggest todays 11-12% drop was DT specific.

Still dropping into the close. Has hit 313 now.

bobacacca, that press-release reads like an advert for DarkTrace, it also suggests Riocan is extending it's relationship with DT rather than ShadowFalls thoughts that customer churn is much higher than the industry average and likely higher than what's being said by DT itself. Always difficult to know what to believe, but was that piece completely written by DT or someone with a vested interest? Some of it clearly was, but was it all? Be interesting to fully understand Riocan extending their relationship with DT. Might just be as it's written, they're great.

Only a guess Scallop, but it could be simply technical. The 338-340 area was a support, if that had been rejected in the absence of further bad news then the SP could have been moving to the upside. Since it was not rejected and didn't hold as support, then it may have triggered stop-losses below that area, leading to an exaggerated drop. As I say, just guessing, there may be news somewhere to get someone selling.