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've got an idea that Chelsea might be about to win the Premiership if that's any good to you, proptrade.

:o)

Talking of football, Lee Bowyer has bought a mansion Nr Tonbridge Kent. So where's he going any guesses. Palace, Spurs (Hope not), Charlton?

MS

hils, cheers for the tip. think we might have a new pope soon?

proptrade,

Lee Bowyer? Surely not, Tonbridge is a long way from the Vatican!

LOL!

if i had my way it would be Thiery Henry! that has started my Tuesday with a smile.

Ms,i think curbs would take him back to charlton,,team him up with spud murphy in midfield.

daves,

Funnily enough, thats what I think will happen too!

Lee Bowyer will be a snip at any price.

As I recall he was free to Newcastle and has been sent of 6 times this season so he will not be missed.

He is just a yob of the worst type.

Charlton or even Daganham and Redbridge can have him.

Us Toonies have had enough.

Bowyer's a pikie. It's not a mansion he's buying in Kent ....... it's a caravan.

Best laugh I've had for a while, thanks for that guys.

MS

anyone noticed..SEY higher!

3/4p spike on no news, means something is coming...............

No one knows on the other side either, so we will have to wait.

Seems the Big Boys have been mopping up retail trades today, how they know, I would not know..........

Back to sleep again.

SWW, have you tried manfinancialspreads.com? seems better prices than IG but not a huge selection of stocks.
for the record for 350 stocks you pay about 8 or 9 bpts versus about 25 on IG. i was stunned!

anyone any thoughts or guidance on this?

Nice rise today. Anyone got any thoughts as to why, can't find anything.

City comment on back page of Telegraph says

"Sterling stronger than it looks"

Of course, it's refering to the pound, but I wonder if any City types looking at these pages over the shoulders of other commuters might have got the wrong impression. Probably not. But its a sign, surely? ;-)

A Dog's Thoughts on a Slick(!) Operation

There have been some substantial trades on both sides of the market today. Perhaps, this suggests some re-positioning by major players out of one trading range into another, in this case upwards.

There have been a number of posts over the weeks on this thread "complaining" that SEY has been going nowhere whilst Oil shoots up to a new range of $50-60 per barrell. This morning I printed out the chart since the low of 5.75p on 15th April 2003 to try to get some perspective on this sentiment. This is what I've found.

We are still bang dead centre of a massively strong upward channel with a 6-7p range established from the low referred to above. From 5.75p to today's 18.5p over 2 years is a compound return of 79% p.a. - not at all bad for anyone in over that full period.

The last 9 months have been underpinned by a strong (multi-tested) support line joining the low points at 14.5p. The minor blip below this to 14.25 at beginning of January sets the lower line of the long-term up channel.

More recently in Feb/March a higher support line of 17p has been established quite firmly, bounded by a very narrow upper resistance line at 17.75p, which has been recently broken upwards to the 18-18.50 level.

Meanwhile, the peak of 20p in mid-October joined to the lower peak of 18.75p in late March forms a shorter-term resistance line under which we are just creeping along.

If we keep within that resistance boundary, we may well fall back to and even through the 17p support line back to the lower upward trend line at about 16-16.5p - on some bad news, even to the 14.5p support line which if broken is a strong immediate sell signal, so serving as a good stop loss from today's position.

My preference, given the positive sentiment about management and strategy, the continued strong oil price and the promise that oil production off-shore Mauritania will flow by the end of this year, is that we will shortly break through that shorter-term down trend line and move onwards to test the upper long-term trend line at 22p plus. On any more than average good news about a new deal anytime or imminent oil flow from mid summer onwards, we will accelerate, breaching that line in a major upward move to the SP. So I have no complaints to make about lack of action - we are getting there all in good time.

By the way, given the model wave progression of this share, it could make an ideal short-term trading instrument for those so inclined - which is exactly why it behaves like one, of course!

The above has been a bit of an experiment for me, analysing on a very basic level the chart alone with only a passing reference to positive sentiment, and arriving at my conclusion only at the end - rather than starting there and working backwards to find arguments to lend support. I am no expert but, had I spare funds, I would be inclined to go overweight SEY on any dip towards, but not below, 17p mid-price.

DYOR (Dog's Yap is Own Reward!)

SD

SD,

Excellent post, thanks for your Dogs Thoughts! You made the point that some were complaining that we were going nowhere as the oil price rises. I agree with your thoughts looking as to where we have came from and to where we hopefully will be heading to. As to the sp action over the last few months, I think we held up pretty well considering the mark down in a lot of the small caps over the last few months. I'd rather go nowhere than down any day.

As to oil flowing from Chinguetti from end 2005. That would be a boost and ahead of schedule, however I think it is forecast to start production at start 2006. Once again, a good post, cheers.

Gav

Gav - thanks for the correction about when oil is due to flow from Chinguetti.

SD

great info this afternoon guys. thx!