Another newcomer to the main market...anybody any idea what the production figures are ?

Gas doesn't have the same effect on sp as an oil find.

No....but...more discoveries to come......drop overdone....same with CEY....time to buy....

This doesn't make sense but I just bought in at 349p.

The fall is terrifying... 341p now.

ive just bought some at ..... 3.42 am i a clown?.

now 327p

now 315p

we're all doomed ..

bad investment today

.

Sold much earlier on......could sense it slipping....only lost a small amount....in the nick of time it seems...the worst thing is that tomorrow morning : further drops are possible....

or a bounce back to reality....

Way overdone...that's why I bought some earlier but it started to slip...and the drop now looks crazy but it's happening....the odd thing is that Sterling Energy might discover a large reservoir of gas or such and the sp would then rocket....

gas = hot air! remember VOG.

VOG did not discover...just said there was something big there...might still be....one to watch with production in Cameroon coming....Heritage will rebound but when...god knows ?....Sterling Energy might come right...I'm stuck in there....I hope that commodities turn around...oil is up as we speak half a dollar for WTI but Brent is up a full two dollars...weird....

irlee57

You may be but we wont laugh.

The Investors Room seems to bb turning into a 'let's catch a falling knife club!'

Comments like 'it's time to buy / fallen too far' etc, etc are usually proven wrong. I would suggest those of you who believe that it can't go any further up or down should try paper trading FX pairs for a month or so, only then will you really understand the concept of it can't fall any further or rise anymore - accompanied by squeals of it's so over-bought or over-sold.

It might stop you losing a few fingers in the future!

well this is another to add to good rns - sp tanks list - the only question is when is the next news due here? if recent form of others to go by in recent days this will drop some more tomorrow against all logic - logic says it should bounce so it probably wont!!! what a week

gas?!
gla

Yeah .... it's pants for me this week also. ie,, Hoil, OTC, TQC and some others...hopefully it's just a tree shake week also and my shares will continue thier upward momentum in the next few weeks.. also waiting for good news on ABH, RGM & RRR to name but a few!

apparently from the other side...

'Any chartist worth his or her salt would have got out of HOIL in the area that I have circled on this chart....

http://www.screencast.com/users/Chrishowlett/folders/Jing/media/ad133c41-f2a3-48b6-9bda-14781bc49c62

HOIL had hit the top of its channel.... and therefore the Risk / Reward ratio was not in favour of the bulls IMO.

This is where emotion's and greed would have caught a LOT of people out..... waiting for the miran results....

Yet the market professionals KNEW already..... that much is evident. Because If the market professional had carried on buying (or rather not started selling - like they did).... then HOIL would have probably breached the upper channel line.

The way top played that would have been to have accepted the fact that the Risk Reward ratio was not in favour of longs. Sold the stock unemotionally at the channel line (where I have circled).... and then waited. Only prepared to buy back if the stock smashed through the upper channel line (so basically buying back in on a breakout).

This would have protected a good chartist from the up coming drop.

But those people who did too much research on the company..... they would have been greedy. Because the human brain will seek out positive news and remember it..... and discount negative news (when they are invested). SO they would have hung in for too long. They would not have recognised the cold hard facts of probability!

But even so...... HOIL will just go to the bottom of the channel (probably)..... and at some stage rise back up to top of it again. So no great drama..... just cycles..... and some people locked in for a bit.'