UK Stockmarket 2009 and beyond

uk_steve

Hi Folkes better late then never

HAPPY NEW YEAR ALL!!

Hope 2011 is a good 1 for all

im still trading away also learning on my path

All the best from Steve

blinko

worldtraveller wrote: »

Good calls! Down over 20% today alone, and around 35% since your posts above at the end of September, which were near it's peak of around 180.

http://www.guardian.co.uk/business/2011/jan/04/desire-petroleum-abandons-falklands-well

thanks lol i forgot about that, anyway the only opportunity left with DES is a short on there final well, i really cant see them doing anything prorudctive for shareholders,

although seriously how they found oil and then water needs an investigation what a shambles and someone needs to be brought to account here !!!

even RKH is alot more riskier than it should be, no infrastruture in falklands, additional costs, they managed to bungle there reservoir size

ironically to through a conspiracy theory how come DES are hitting al these dusters and RKH are sitting on the only well find in the area ???

My advice

AVOID FI explorers !!!

sabretoothtigger

Blinko the stock guru

Sounds like good reasoning, cant tell the future but good to weigh up the risks at least. Ive heard much the same said elsewhere, North sea oilers have better support and likely are better value. Wish I'd taken up EO or Premier, I looked at both

silversurfer wrote: »

premier oil looks like it could break out. now owner of oil field with 800m barrels in north sea http://yfrog.com/j2img12779856440484573828g


Chart looks good to me, triangle with support from 200dma (orange line)

blinko

Blinko the stock guru

Sounds like good reasoning, cant tell the future but good to weigh up the risks at least. Ive heard much the same said elsewhere, North sea oilers have better support and likely are better value. Wish I'd taken up EO or Premier, I looked at both

blinko the stock guru i like although it still didnt stop me missing my short on rangold, buying on a spike on XEL i could name the missed opportunities for the next week ahhh anyway

there is still time with encore, wait till they retrace to around 140p to get in, but they have 2 more drills left, i think they will be ptu up for for sale, i should've been in them i had a SB on them for a small amount at 111 and i got bored and closed it after around 10 points feeling very pleased with myself same with todays FTSE, got up early got in early at 5880 got out at 5600 then saw it retrace to 5880 again and watched it hit 6330 beellurrgghhh anyway tomrorow it willall come back to reality anyway i will be back

further north sea exposure, nautical pertrolium, ithaca energy IAE, of coursre XEL

north sea is fast becoming a hot topic,

another future north sea explorer will be PMG but that is a long way down the road

uk_steve

Des is scary after looking at the company in the last few days


could be a new invester dream but i cant see it personly


however it does happen at times

smart money is to keep away

lvader

I've been looking at Des, I was pretty sure they wouldn't find anything, a report I read said they had about a 7% chance finding something in the current drill.

However the way I see it is that they are a few steps closer to finding oil and no doubt future drilling attempts will push the stock higher so I've made a small punt of a couple of thousand shares at 36p.

blinko

lvader wrote: »

I've been looking at Des, I was pretty sure they wouldn't find anything, a report I read said they had about a 7% chance finding something in the current drill.

However the way I see it is that they are a few steps closer to finding oil and no doubt future drilling attempts will push the stock higher so I've made a small punt of a couple of thousand shares at 36p.

get out while you can, your going to lose
even if they do find oil NO ONE WILL BELIEVE THEM

GET OUT OF DES !!!!

sabretoothtigger

:laugh:

Is there any danger in buying foreign stocks trading in pounds. I see cisco but its shown in pounds which in theory is all the same to me and the spread seems ok.
Anyone done this before ?

Cisco Systems Inc. Comm Stk US$ 0.001 (Crest Depository Interest)

Sell : 1,291.48p | Buy : 1,292.12p | down 22.61p
Prices as at close on 31-12-10 Market closed

http://www.h-l.co.uk/shares/shares-search-results/c/cisco-systems-inc.comm-stk-us$-0.001/charts

Im not sure why the price hasnt updated today. So just checking these things are liquid first

lvader

I bought my US stocks in pounds, there is a small hit on the exchange rate margin but other than that it's fine. The other issue is the buy and sell prices aren't normally guaranteed because it takes a bit longer to complete.

I'm pretty certain Cisco will come good but it could potentially take a year or 2 to fully recover to where it should be (around $27 in todays terms).

My other current US stock AMD has started to move, up around 7% over the last couple of days. Much riskier than Cisco but also much bigger upside.

tradetime

sabretoothtigger wrote: »

:laugh:

Is there any danger in buying foreign stocks trading in pounds. I see cisco but its shown in pounds which in theory is all the same to me and the spread seems ok.
Anyone done this before ?


http://www.h-l.co.uk/shares/shares-search-results/c/cisco-systems-inc.comm-stk-us$-0.001/charts

Im not sure why the price hasnt updated today. So just checking these things are liquid first

Not sure how those work actually, and it should be noted notonly has it not updated today, it did not update yesterday, as it shows price for 31st close. US markets were open yesterday.