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Traders Thread Wednesday 7th July 2004 (CROC)     

Martini - 06 Jul 2004 21:44

daves dazzlers - 07 Jul 2004 13:04 - 13 of 19

afternoon all,quiet day for me all on hold untill thursday,

zarif - 07 Jul 2004 13:37 - 14 of 19

afternoon all.

stockbunny - 07 Jul 2004 14:37 - 15 of 19

Looking at the chart above - is the DOW having another 'boring' day
on the downward slope so far?

seawallwalker - 07 Jul 2004 15:33 - 16 of 19

Big Al

PLR down below 125p, are you getting out?

I'm not.

As Homer Simpson said, "Bed goes up, bed goes down. Bed goes up.........."

Knowing that, I will wait for, "Shares go up, shares go down. Shares go up.........."

Big Al - 07 Jul 2004 15:54 - 17 of 19

sw - still in. Hurting a bit, but reviewing things. Yesterday's thoughts were someone was driving it down to buy, but I'm not so sure today.

seawallwalker - 07 Jul 2004 16:52 - 18 of 19

I think it is the general state of things.

I will not be panicked, I have held some stocks for 18 months previously and survived the crash intact with a profit eventually.

Oil is the winner in my book anywhere but Arabia and Russia.

As Paladin have assests everywhere but, I see no long term problem. Nice to turn a few quid quicker, but if it's not to be........

IMHO Hold is the answer, but you must do what you think is right.

The market needs some momentum I think.

SEY are holding and building, lots of institutional Buys, so it was reported in the Telegraph. Broker recommends 20p. That is still light for their known assets, so I would say that is a strong buy if that is any help.

They are cheap compared to all other partners in the Muaritanian thing, and Tullow announced today how happy they were with Energy Africa without specifics.
They also are cheap.

SEY have the cheap price so you have more shares for your money and any gain, (or loss), shows more.

In my opinion there is about another 25p in the price once drilling results come in on these fields, that is in the seconf half of this year. All this while developing gas fields for the USA winter. (Doubling their known reserves also within the year)

Paladin is the check to the balance as they have no interest in the African thing.

Just thoughts pouring out.


Big Al - 07 Jul 2004 16:54 - 19 of 19

No trades today for me.

Spent far too much time prattling with some BPRG punters over the road.

WHT ticked down. Tried to short more, but they moved off. Happy with that. AQP done good. Not much follow-through, but a 25k WT reported after hours keeps the interest for tomorrow. PLR has been very disappointing. Was very tempted to close, but prepared to give it tomorrow too.

And the rest did sweet FA! ;-)
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