Member Info for TrekMadone

120 paid for £190k. Unless smoke and mirrors!

Ps didn’t expect it to move right after my post lol!

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Trek

Good liquidity atm. Aster got 10k more. Wish they step in but as said buying time I guess.

483 is a double bottom well into oversold now. Stock being flushed though.

I have a low buy set and hopefully can offload on way back up.

Atm I am well covered here from elsewhere but I a sure it will turn at some point!

‘Irrational and solvant’ comes to mind! Lol!

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Trek

Just had a peak at SMRT numbers Kenny. Brill results! Plus you have a nice head and shoulders forming. 58p should be around next resistance.

YU and SEPL… just lol!

Back to decorating my sons house!

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Trek

Yu traders dream. I sold my trading pot into the results and added on bounce from pullback yeterday.

Now gonna have a pop at 740 imo. That was around the results day high.

Buying now and you can sell into finals. Only 17m shares and results will be a beat + capital return announcement

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Trek

Watch POO following horrendous quake and China…

Wti 75.71 +2.17%
Brent 82.62 +2.01%

Disruption and demand

I added at SEPL results due end of month should be a beat with new pipeline kicking in. Also theft down significantly but that could be what Nigeria want us to believe!

Will sell back to equal weight. My TA gives +107 pop v soon an a go at 110. Should move much higher but am grounded. Tight float though and SETs so big trades need breaking down.

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Trek

Made my last 5k top up today.

Have made several slight7above my average now to well overweight here. With the horrendous situation in Turkey and China demand I see a little squeeze on POO coming. Also should get a little run to results. Will then go back to equal weight.

SP Intentions to cross through 107 have been made. Will go through soon imo.

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Trek

“ Exciting times for Touchstone shareholders as it says above and for what I have already labelled what might be a contender for share of the year Touchstone has dropped the flag at the Royston sidetrack well which after Cascadura signals significant potential for the company.

At 74p the shares have started the year well but with my TP of 200p a realistic target I am still totally confident that the challenge is fully achievable. ”

https://www.malcysblog.com/2023/02/oil-price-union-jack-iog-touchstone-egdon-and-finally/

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Trek

Chf, I held them a while back. Avoid the liquidity is awful especially sell side, BoD also fos!

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Trek

Syquant have now increased their long position to 4.9% Lol!

I guess that explains the short so they get a lower long base price. They have also increased their short slightly to 0.18%. It’s well clear they are long bias.

Jeffries are really working the margins buying and selling for a couple of hundred quid if the trade goes their way. Pointless imo!

Ameriprise look to have sold 18k at 4.99! Bonkers!

Meanwhile Aster just keep drip buying this time 10k shares.

Every Aster trade I have seen has been a buy. They just keep on adding.

I expected Aster to move after the finals now with the APP deal, whilst I can’t say obvious, it makes sense to let that go through first. The may even wait for another TU with the APP numbers in as they have a controlling stake in PAY. It’s not going anyway so no hurry from their pov.

Selling with such a significant holding unless you have a buyer makes no sense and in any event they are still accumulating. If they are accumulating the lower the SP the better!

Syquant are being clever buying their time for a SP spike imo. There is not time out on shorts or longs so I think likewise they are expecting a pop and are adding to their long at theses low prices. Hence working the short.

All conspiracy, but the buying, selling and hedging on what’s low volumes is having a disproportionate impact on the SP imo.

We saw how quickly it moved up on the results only to be worked back down.

It’s the company performance that is key and if you can get your average down or in at 500p I think that could prove to be a good deal in the future esp with +7% yield cushion!

Anyways whilst I may trade a few down to improve my average I am staying put as I sense a payday here!

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Trek

And proud they should be….

DEC in the news..

https://wvmetronews.com/2023/02/03/diversified-energy-cuts-ribbon-on-bridgeport-headquarters-for-gas-well-retirement-company/

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Trek

Excellent news with Royston kicking off and targeting the prolific sub thrust with an rig oil set up. News we have all been waiting for!

I just hope that ‘as soon as practical’ for Casca isn’t a political temperance in anticipation of a delay.

I have a significant position here for the long haul so a delay wouldn’t matter that much to me as even Casca is only part of the story but others will understandably have a different view. Well hopefully just me latching on to the wrong words!

Enjoy the rise today! I am out in the sunshine!

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Trek

The blurb says ‘ Serves 16.’ But if you look closely it’s really not much bigger than the tea cup!

So to me consumption within date wouldn’t be a problem? Or is that my problem! Lol!

Still better make a start before your options expire!

Tecan is where you can have your cake and eat it!

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Trek

Never mind pizza could this be a sushi short attack!

They’d probably a get away with it in a KFC as it’s ‘finger licking good!’

https://news.sky.com/story/japanese-outrage-over-sushi-terrorism-sees-shares-plummet-12802470

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Trek

Andy,

If fiat crashes it will just be reset. They will reinstate another lie.

Likewise I have been expecting a crash and couldn’t believe the USD powered through QE!

Basel 3 was meant to be a catalyst to fix hedging that was likewise a damp squib

I was in the physical camp but in the end gold is just stuff as well. You just look at it and say how much it costs to dig out. At least gas you need and likewise silver to some extent.

I have no idea what the answer is but I think if there is an economic problem there will be another economic solution.

The fiat doomsday has been predicted for decades and humanity has navigated it.

Even this round of inflation which let’s face it was a real chance for gold is being managed.

I am not attached to either camp. I just see problems end up with solutions and that won’t imo be a gold standard. We had that it couldn’t keep up.

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Trek

Posted earlier been expecting gold to pull back.

Us economic news has been consistently bullish yet markets and gold been rising. Hawks are circling!

FTSE at ath as expected and may hit 8 before selling off unless US sells off first. Either way a pullback soon imo.

Best clearing trading pots and just leaving your long term stuff and special sits in imo.

Lots could be cheaper soon so worth having a bit of cash. It’s surprising what you can do with even 20% cash in terms of working selective positions.

Look at the strong stocks near ath’s and their fundamentals. They will be hit and as long as it’s just general market you can average in cheaper and usually sell out later higher or hold.

Needs a cash pot though to take advantage.

But you can always sell early with the rest as it usually goes lower and buy back that way you get any more gains.

Or mix it up which is what I do. I enjoy trading the vix as long as you can see it will recover! Yikes!

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Trek

A view I have taken with my income stocks is I have sold the equivalent of three years dividends. So now have cash up front if you like. If they perform as they should and get a bit of capital gain then happy days!

I have sliced some DEC as well as the SP now is higher than my recent sell buy.

I think the market is looking toppy atm and having a bit of cash, as I run our pensions gives more options for now.

Likewise I defo appreciated constructive views both sides. The £10 rampers are as bad as the bashers imo!

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Trek

Hi mick,

I have stayed in there pretty convinced aster will bid. But I have sold and bought cheaper numerous times so am getting +7% which is a nice cushion.

When whatever is going on there is done it will imo bounce back. There is no reason in the finances and also director buys for the sp to be that low. It can move up in like 20p jumps pretty quickly.

At 499 defo one for hybrid holder/traders as v good liquidity atm and solid income/economic recovery play.

Bit of a marmite stock but imo a good longer term hold from under 550.

For just trading though I prefer SMS as it moves +/- 15% from its mid which is great, it has a smaller yield but I think pay will soon deliver a better capital gain.

Like I say though I am just watching for now.

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Trek

PAY just dipped below 500p. It’s one of my income plays. I traded my average down to around 512 there.

It’s interesting because it’s in a t/o all trades from +1% holders have to be published.

I have made some comments there that Syquant are short and aster a 26.1% holder are still buying.

The sp dipped on a very small short position and aster are grabbing small amounts of stock. Collusion? Lol!

The SP is not reflective of reality but that said today I could sell 4k shares and by 4k shares with a reasonable spread. Not seen liquidity like that for a while.

Makes me wonder what on Earth the point of all the diddly trades are!

I think it will bounce to 550 when the APp deal completes and then return to 600p - it’s technical floor by April.

But I have kept my fingers out from buying more at 499! Lol!

Downside May see 487 so near v all time bottom now imo + you get a +7% yield paid quarterly.

Xd though was yesterday so I would be a trader there rather than a buyer now.

As a follower I don’t think the dip is post divi if so it’s well over done.

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Trek

Borrowfunds,

If you are looking for a stock that could bag fairly quickly check out PXC. It’s on a little pull back atm. I sliced 25k there (different reasons in earlier post) but would be a buyer if I didn’t already hold.

They have cash and are in the process of completing a non dilutive finance package based on a copper bond. Should be done by March. …up to $60m US!.

I posted about them here for around 25p. Anyway I see RightOn has just made a good post about them.

Add some now imo and on any pullback. ATS could see +50p and finance complete will sail through 100p! I mean right through. Not many shares and it’s a proper company.

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Trek

I am not a fan of investments overtly dependent on govt decisions. From HARL to VAST I wish holders the best but govts change their minds more than I do! Lol! Worse they say one thing while policies lead to another!

Usual caveats

Trek