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Xcite Energy - North Sea Heavy Oil (XEL)     

Proselenes - 22 Oct 2009 11:14

.

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.

dealerdear - 24 May 2011 10:52 - 1830 of 3002

there is something fundamentally going on in the market that I confess I don't understand if you believe the experts that we are not going back into recession.

As an example of what I'm trying to express, take a look at the charts of FPM, AFC, CNR, GFM, MATD. PELE to name just a few and that doesn't include the real tiddlers which have been hammered as well.

ie it is not stock specific just fundamentally the market.

skinny - 24 May 2011 10:53 - 1831 of 3002

Had a small punt @163 out if it breaks 140.

gibby - 24 May 2011 10:54 - 1832 of 3002

fantastic opportunity here again - bought 150's out now on my dt - that was all i meant by pattern - done this several times now - if it drops again to 150s today i am back - but i have noted that each drop is getting lower now in the 150s but generally recovering then down again - this is madness as oil still there but pis just too impatient imo - make on the drops here for now - and keep long if you have any
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