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Xcite Energy - North Sea Heavy Oil (XEL)     

Proselenes - 22 Oct 2009 11:14

.

cynic - 10 May 2011 16:10 - 1587 of 3002

no cynic wouldn't, and actually bought a few back at 223 - wasn't brave enough at 200, and by the time i looked again it had relatively whizzed

gibby - 10 May 2011 16:19 - 1588 of 3002

well done shoud end in profit here

last 10 mins could see a rush ready for tomorrow early morning spike perhaps

cynic - 10 May 2011 16:29 - 1589 of 3002

hardly end in profit, but made back a pittance of my hefty loss by selling the above at 240

Balerboy - 10 May 2011 16:32 - 1590 of 3002

think i'll go and have a good meal.,. had a good day today.

required field - 10 May 2011 19:54 - 1591 of 3002

Oh damn....what has happened here ?.....

cynic - 10 May 2011 19:56 - 1592 of 3002

shit and derision comes to mind, but be happy that sp didn't finish at its earlier low of about 185!

hlyeo98 - 10 May 2011 20:02 - 1593 of 3002

rf, you been sleeping today?

robertalexander - 10 May 2011 20:02 - 1594 of 3002

do i ave down. sold first thing but left a limit order to be filled at 290p b4 i left for work. it was filled but could have got them cheaper if i was off work and following the market a bit closer. Doh. i still think these will settle down and become good.
do i try to guess the next bottom[obviously missed the 185p earlier]?

decisions, decisions.

What say you Cynic, which way next?

regards

Alex

required field - 10 May 2011 20:04 - 1595 of 3002

The one day that I could not watch at all.....today......cost me a packet.....blast.....

required field - 10 May 2011 20:07 - 1596 of 3002

I've been waiting for this for months and would have reacted and this has been a complete disaster......had to do some work without computer access et voila.....been stopped out at 190p.....jesus......

required field - 10 May 2011 20:10 - 1597 of 3002

I have had access to a computer for the year just about every day except perhaps one or two and bingo.....today of all days...

required field - 10 May 2011 20:12 - 1598 of 3002

I had a stoploss at 240p and they have done me for 190p....am pissed off like nothing else....

ptholden - 10 May 2011 20:23 - 1599 of 3002

rf - you need to have a serious word with your broker. Whilst clearly your stop at 240p would have been hit no matter what, you only have to check the trades to determine there was ample liquidity for your broker to close your position close to 240p. Seems thay took their eye off the ball and you're paying the price. Perhaps one for the Ombudsman?

required field - 10 May 2011 20:28 - 1600 of 3002

In fact I had 2 stoplosses ...one 250p...dealt at 247p..and the other at 240p...dealt at 190p.....today of all days....just no access and thought nothing much was going to happen....

cynic - 10 May 2011 20:29 - 1601 of 3002

thoroughly agree ..... though sp was more than lively, categorically it did not dump from 240 to 190 in a single move, or anything remotely like it .... at the very worst, you should have been stopped at say 230 ... how do i know? .... because i managed to get out of a lump at 237 via IG - and that had to be phoned into IG as could not activate same on line at the time

required field - 10 May 2011 20:32 - 1602 of 3002

Will ring but I bet I get nowhere...

cynic - 10 May 2011 20:42 - 1603 of 3002

in that case, and as peter says, you should go higher .... start at director level .... what is the company?

required field - 10 May 2011 20:47 - 1604 of 3002

Rang them ..City Index....have to make a formal complaint which I will......but the answer is that was the price in the market at that given time....I've just been stuffed that's it...

required field - 10 May 2011 20:57 - 1605 of 3002

I will be a lot more cautious from now on.....and will have to be very picky with my choices....

cynic - 10 May 2011 20:59 - 1606 of 3002

that's total bullshit .... i assume your stop-loss was in place before this morning ..... the price pertaining may well have been that when City Index got round to activating it, but they need to give the time when your level was actually hit in the market .... assuredly very different .... if need be, i can get a time check from IG as to when they sold my block through the market at 237, but certainly it had not been below that at the time, though it was ticking back quite rapidly from about 245 (from memory) ... furthermore, it did not then head straight down to 190 either!

i hope someone from City Index watches this BB as it looks that they have some serious explaining to do and probably a slab of compensation to you too

by the way, throughout the day, all MMs were quoting in blocks of 10,000
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