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Xcite Energy - North Sea Heavy Oil (XEL)     

Proselenes - 22 Oct 2009 11:14

.

cynic - 23 May 2011 17:55 - 1810 of 3002

i agree with you about stop-losses but for slightly different reasons ...... unless your s/l is guaranteed, if sp plummets then the level you set will not influence but you will be stopped out at that "horrid" level ...... secondly, volatile shares are exactly that and can spike down spitefully, with the result of the first scenario, but promptly recover, leaving you gnashing your teeth in frustration

halifax - 23 May 2011 18:05 - 1811 of 3002

cynic you can move the stop if you want to.

dreamcatcher - 23 May 2011 18:08 - 1812 of 3002

Can I mention rrl, look at the tree shakes over the last couple of weeks. The share has been deliberately driven down. Otherwise you are just mugged by the mms with
stop - losses and don't they love that. Its really about what suits you.

dreamcatcher - 23 May 2011 18:28 - 1813 of 3002

When you have faith in a share and think its going to go all the way. The last thing I need is to get home from work and its been robbed off me. Stop - losses are not for me. Just my opinion.

cynic - 23 May 2011 18:40 - 1814 of 3002

very true hali, but not a chance when sp spikes or plummets

gibby - 24 May 2011 08:02 - 1815 of 3002

interesting start here today

gibby - 24 May 2011 08:04 - 1816 of 3002

all buy so far!!!! lol

gibby - 24 May 2011 08:05 - 1817 of 3002

funny enough should tick up soon

gibby - 24 May 2011 08:07 - 1818 of 3002

bombs away!!

cynic - 24 May 2011 08:14 - 1819 of 3002

at 177/183, which is arguably +0.5p, how can you get so excited?

gibby - 24 May 2011 08:20 - 1820 of 3002

just seen this pattern before

skinny - 24 May 2011 08:22 - 1821 of 3002

From the chart, its been in "this pattern" for the whole of May :-)

hlyeo98 - 24 May 2011 08:55 - 1822 of 3002

Ouch... I bought in yesterday at 183p and now 169p.

Balerboy - 24 May 2011 09:01 - 1823 of 3002

bouncing now....

Balerboy - 24 May 2011 09:03 - 1824 of 3002

maybe not... chart not correct.,.

hlyeo98 - 24 May 2011 09:33 - 1825 of 3002

It's 163p now. Pretty bad.

cynic - 24 May 2011 09:43 - 1826 of 3002

i believe this stock is almost entirely owned by PIs rather than institutions ..... that being so, it is very likely that many are feeling the pain is too great to bear and/or are being forced to sell either due to called margins or stop-losses .... there will also be a number of (heavy?) bear positions .....

however, it seems to me that though the last rns disappointed, it was scarcely a disaster and there is no reason to believe that the bentley field is not highly commercial .... it follows, or at least should(!), that the fall is or will shortly be overdone and buyers will come back ..... for what the chart is worth (bugger all in this instance) i don't see much if any support above 120, which is not to say sp will actually fall that low

colombo - 24 May 2011 09:48 - 1827 of 3002

5% spread ?

cynic - 24 May 2011 10:01 - 1828 of 3002

it's an MM-only stock albeit that there are 8/10 of them (colluding!) ..... sometimes the spread is indeed +/-7/10p but at the moment it is just 1p

markymar - 24 May 2011 10:01 - 1829 of 3002

Fundamentals and common sense will kick in at some pointits a bloody bargain at the price its a company worth 830mill on its assets not 322 mill as it stands a correction must happen at some point.
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