anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/



weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

I am surprised ,I expected the buyers to looat c14.5 p and decide it was now looking a bargain....but it would not appear that way.I will have to buy some more as i think this is a dfinate one for the ASOS challenge this year....Now where are the children's piggy banks????

Fundy asked me on another thread if I would kindly paste a chart for him.

A picture paints a thousand words Hils, but ....we shall see.

for a news driven stock that is waiting for news this drift is typical.

you know what, if there is no strike eventually then we are all in the crap but if there is these technical charts are irrelevant when the fundamentals take over.

Hils, i would like to see them again once the Tiof news in announced (good or bad!)

Rgds
PT

I'm in long term so not a problem. If it's 18+ in 2006 or before I've made money.

LOL

MS

Proptrade,

It's all too easy to discount the chart and examine only the fundamentals. Once you start to do that, however, you hit across another problem in so far as, prior to the Mauritania placing, these were undoubtably priced for prospective earnings growth. The effect of (nearly) doubling the shares in issue means that their forecast earnings will also need to double simply to maintain the original prospective peg. The absense of any hard numbers to accompany the Mauritania announcement has indicated that, whilst it is probably a good deal, it is unlikely to actually double their earnings.

You're then left with a self-fulfilling prophecy in that the fundamentals are actually within the chart all along.

Hilary I'm in long term but yor're starting to make me nervous.

MS

Hilary , is it your opinion then that the shares are fairly valued for the increased number ofshares or do you think they have further to fall?Assuming there is no major news which of course would throw everything in the air.

Hi people.

I am still here and have not fled in panic.

Whats new?

Not much!

Make your own decisions though; those that you can live and sleep with!

Good luck.

Hils

A fair point but remember the peg at the top line is different to eps (and that growth) which would of course be a function of shares in issue.

Also you musn't confuse technical and fundamental analysis. As you are clearly aware the funamentals are always built into the charts but if there is a paradigm shift in those fundamentals then the charts will shift accordingly.

We are holding this stock in antipation of a significant strike but are aware that current production indicates a fair value of the stock without much of a exploration premium built in.

Hils, as something else to check out, have a look at AMEC, i would be interested to hear your view.

Rgds
PT

Proptrade,

I kept my analysis as simple as possible because most people think that pegs hold clothes on washing lines.

The charts reflect the sentiment within the market. That sentiment may be driven by the fundamentals and/or newsflow. At the moment it is not difficult to see how market sentiment is weighing and you need to look at the fundies and the whole EVO story for a reason, although I acknowledge that it is subject to change. Anybody trading the stock should be trading what they see is happening now rather than what they think might happen in the future. A long term investment is generally a short term trade gone wrong.

Hils

I really do agree and your last sentence is certainly a small holders mantra.

SEY is a stock that may have some hidden gems in the safe but in the meantime they are just working out the combination. Whilst this is going on the company is trading well but the price is slipping due to lack of information flow. i would be more concerned if there were rumours of multiple size sellers cutting their placement stock but at the moment, as i understand it, the sell pads are pretty empty.

As you are aware these stocks can flip in a moment or collapse at the same rate. i just think we are rangebound in a tight range until news is forthcoming and in the meantime this is a wait and see play.

short term we would all love a 20% flip in stocks on a daily basis but since most people tend to be less disciplined then we just pick a few well researched stocks and hope that paradigm shifts make our days just a little brighter.

For short term check out AMEC. great trading stock. i am long from 293 two weeks ago and looking to flip around 330. give it a week or two.

Rgds
PT

looking at charts for hardman/ premier oil near same- so we hope for positive news from mauritania soon.

Hils

I knew you couldnt resist - could you do us a favour and draw us the future chart for a longer time period - say a couple of years.

As for the comment "A long term investment is generally a short term trade gone wrong" i think it is probably fair to say that about those whose main time period is short/medium term trading. Personally i mainly buy and hold, my main 3 shares i have held all 3 for over 2 yrs and the worst one is up 60% and the best one up 200+% - i wouldnt call them trades gone wrong!!!

Evening all just a flying visit,hang in there prop,,,pop,,,,,,,,haaaaaaaayyy.

Around 1/2 million shares bought in the last knockings today.

Someone is playing games with us holders I think!

if it is shorting -seems to be a lot of this in oil sector- more a less same charts for premier, hardman, woodside with sey -joint interests think we need a positive trading update soon.

HNR up over 7% in Oz overnight!

Crikey!

Tiof 6 news leaking perhaps????

has a corner been turned here??? Hils get ready with your 17p short!

Not yet, Proptrade. There were a couple of aspects of the chart that I posted last week which are preventing me from re-entering the market one way or the other at the moment.