Main market stock..incredible graph, good transition from Aim to Main market..better keep an eye on this one, not in yet but : possibly a good Isa stock for the long term.

U.S. Fed said that tough times are not over led Wall Street to its worst day since the 1987 stock market crash, wiping out earlier optimism fuelled by government steps to avert a financial meltdown. Japan's Nikkei index dived as much as 10 percent in Thursday trade.

U.S. crude for November delivery fell $1.26, or 1.7 percent, to $73.28 a barrel by 6:20 a.m. The front-month contract has lost nearly a third in value in three weeks, the steepest such decline since it began trading in 1983.

London Brent crude fell $1.17 to $69.63.

"The oil markets are now highly correlated to the stock markets. Everyone now uses the stock markets to gauge the health of the economy," said Clarence Chu at U.S.-based options trader Hudson Capital Energy.

Crude now stands more than 50 percent off its July peak above $147, and analysts have scaled back global demand growth estimates after a recent slew of gloomy data that has overshadowed OPEC's talk of possible production cuts and a hurricane that is disrupting Caribbean refining operations.

Japan's crude oil inventories hit a 14-month high last week as crude runs stayed low, in part due to slack domestic demand, industry data showed on Thursday.

JP Morgan cut its average oil price forecast for 2009 to $74.75 a barrel, and the Organisation of the Petroleum Exporting Countries also reduced its forecasts for world demand for crude next year in its latest monthly report.

200p now...100p coming up as oil price crashing

Even though I started the blog on this one I cannot understand why the sp is so high with tiny production .....anybody any idea what they are hoping to target with this drilling off India ?...it would have to be pretty substantial with this valuation already in the sp and they will only have 10% of whatever they find....Robbie Burns is in this one but each time I think that it's way overvalued : up it goes again...now miles past the brokers target.

Disaster for this company...10% of nothing....this could go to 2 now !.

Which only goes to show that no matter how good you think a company is, it is always wise to lock-in profits cause once you've done that, nobody can take it away from you.

.. well apart from the taxman of course ...

i had a friend that did that once when a share doubled and kept on bragging about it......4 years later it had went up more than 10 times......now saying its most stupid decision ever made as would be very wealthy instead of plodding about as usual

good to see rf is as exciteable as ever

Perhaps not good to see you're back.

If you don't think trading in these markets is a good idea I suggest you go and have a look at your darlings HAWK and RPT.

i'm doing very well on them..........hows vyke doing, that was a good trade for you buying shit that you dont realise

Even at this price HDY looks like a short...

lol

Yes of course you're doing well on them. That's why they've dropped from 45p to 42p!

??? HDY...not shorting yet...one day, I'll take a deep breath and short something...

wrong thread ?.

This has been stuffed today....I wonder how Robbie Burns got on with this : he must have had a fit when he saw the rns...he's bought a lot of these at very low prices so he would probably have made a profit anyway.....at the moment this has precious little going for it...another dry well and it will drop to the teens.

200p is my target.

Mine is 20p.....I did not short this ..should have...

Robbie got it wrong it happens.

Stable @285p.

Moving ahead after a positive Rns.