.

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

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

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

rf, you been sleeping today?

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

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

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......

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...

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

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?

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....

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

Will ring but I bet I get nowhere...

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

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...

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

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

rf that is real bad luck and i am sorry to hear this has happened to you - that is piss poor service from ci - damn glad i dont use them - they should have had time enough not to let it drop through 230 let alone all the way to 190 - i seem to remember as watching very closely today & that it took about 10 or so minutes to drop from 240 to sub 230 - what are their IT systems powered with broken elastic bands! i would escalate the issue if in your place - that is real bad

from the other side something i have lifted for here:

'forestleaf on iii

I very rarely post on this bulletin board, but I thought it might prove therapeutic to share my thoughts after a tough day for Xcite.

By way of background, I co-run a private equity business. My partner and I both individually have holdings in Xcite. I hold 440,000 shares, buying from 57p up to 390p. I added 100,000 at 1.87 today (for the record, I'm not convinced by all the "can't buy" nonsense mooted on this board from time to time). Today has been an expensive day for me, with a significant dent made in my Xcite profit.

Let's look at what has actually happened. There is, believe it or not, some good news. In short, in my view the Board has simply failed its shareholders through its appalling communications.

First, they tell us to expect a report "late Feb / early March", then "by the end of March", then "by Easter" before it finally arrives on 10 May. How on earth the Board can have failed to manage the production of a report that they are paying for is frankly beyond me.

Moreover, Rupert Cole now seems to be suggesting (via Dow Jones Newswire / Proactive Investors etc) that the report is effectively being misinterpreted, and that indeed management's expectations of the level of recoverable oil has not changed! If that is the case, why on earth did the RNS not make this perfectly clear - if it had, the result today would have been very different. Instead Mr Cole is left to scurry around releasing comments to Dow Jones Newswire and Proactive Investors in an attempt to clarify matters.

This Board, I suspect, is technically competent but frankly their communications strategy is in my opinion shambolic.

The good news is that there is a lot of oil in the ground, and this Board is capable of producing it on a commercial basis. I also believe that there is a reasonable prospect of a takeover by Statoil - with so much upside to the Xcite share price and the obvious economies of scale to Statoil, this has to be on the cards. I further opine that, despite their protestations, the Board would be delighted to accept an approach from Statoil - I suspect that this experience is all proving much more stressful than the Board had anticipated.

I confidently predict a share price recovery in both the short and long term. The mathematics supports this. But it is up to Mr Cole and his colleagues to properly address the shortcomings in relation to the presentation of their report, and formally register that, amongst other things, management's expectations of recoverability have not changed. An interview with Proactive Investors warning us in advance that the numbers would be "conservative" is neither adequate nor relevant. What concerns investors most about this morning's RNS is the fear that management's expectations were simply overstated - from comments this afternoon, I don't believe that to be the case. '

wouldnt say no to a t/o bid!! gla

RF that is really sh*t. Looking at the charts, it took around 30 minutes for the sp to drop from 240 to 190p. City Index need a good kicking.

I also hold the shares, for the long term as I believe in this company...the other one is with spreads and I had the position covered....as I never bet and it is a bet more than I can afford to lose but this is a setback,...a bad one....the explanations I was given is just what I expected,....it's like from a government manual for excuses....but I will make a formal complaint about this this because it : smells of a deliberate delay to trade someone's position...mine...
Britain is like this now.....there are other examples of things like this going on.....all hushed up.....you make a complaint and get....nowhere....then they are on about other countries and how the UK is proud of its freedom of speech....and such....even here I am being very cautious about I put on....