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

There must be a conumdrum to be resolved in the concept of taking out a second mortgage in order to pay off your first, SWW! But I know what you mean. My point was that it would be worth the short term trade out and then in on the fall from 16.75 to 14.75, if you were nimble enough.

I think this is where a combination of continuing to hold your shares and using CFD's or a spreadbet to profit from the temporary downside would be the best strategy.

SD

Stockdog, well here's hoping that it doesn't fall through the 17p line anytime soon. I would think that with the results only being 13 days away that we should see some more interest here. However, should it fall through the 17p mark then I would still be a holder, but I can understand what you are saying re selling then buying back and the state of the markets right now. If they did fall and hit the 14 mark then I would definitely be buying more at that price. Another bad night in the US tonight.

Cheers

Gav

Looking again at the chart over the last 2 years, it is well defined and there is still enormously strong upward momentum drawing a lower trend line through the troughs of Dec 03 and Jun 04 with the parallel upper line passing through the peak of Sep 03.

The extreme peak in Oct 04 falls above this line and was the start of an accelerated formation which was brought low by the issue of 97m equity to fund the Mauritanian govt loan of $130m and more working capital. The ensuing double bottom fell briefly below the lower trend line to the previous support at 14.5p.

Since then we have been getting back on course, but the crucial test as I said above is holding above the 17p level just now which has the double significance of being not only the horizontal suport line established since mid Jan 05, but also currently coincident with the lower trend line.

We seem to be forming the right hand shoulder of a double top head and shoulder formation which if held will be a good support level; if lost will allow us to fall back to the 14.5p previous support level.

Let's hope we hold where we are until May 9 and the prelims offer enough good news to project us up past the resistance level of 18.75p on towards the upper trend line into territory well north of the all time peak of 20p.

from the desk of the Dog of Omah!

if i had known the charts would distract us from recipies for this long i wouldn't have posted them!

all good chartest points guys. the key for me though is that the fundamentals are strong so i have confidence to pursue a buy on dip strategy.

Sorry prop, I am busy watching CSH this morning, and MMG.

I don't hold, but I am learning from them.

Oh..........

Plus I am buying and selling enourmous amounts of stock on the challange.

Could not afford it normally but it appears to be working, I am up to 50th.

i think i need another account.. i bought 2 scrappy stocks for a three month punt!

It's easy to get sucked into that, but I took moneys advice and am trying out a new policy with stocks, i.e. short term hold after a fall, due to market sentiment.

Seell on a profit what ever it is.

Iknow it shoes below the starting price, but it does not show is that those I have sold are in a plus by near 2 k.

So..........

I miss the cut and thrust of this thread and the jockeying for position between the bulls and the bears. More important than that though, the thread seems to have been devoid of recipes recently. With summer nearly upon us, I was looking at the Weber BBQ website yesterday and I thought that you might like to know that they've got a list of great recipes for the barbie on-line here.

hils...what a great site. mucho grathias.

Try Cattleman's BBQ sauce. Absolutely sublime.

P

At the risk of being repetitive................

I've done the kids and her indoors, (actually she's out at work!!), a nice Swedish meatballs in pasta with a Dolmio cheese and tomato pasta bake sauce.

Topped it with Sainsbury thick sliced maple cure bacon over cheddar cheese, and sprinkled parmesan over the top.

I've put it in the oven in the jolly old Chicken Brick at it's lowest setting, and I can then serve it when they are all in around 3.30pm, don't matter if they are all late it will be fine.

Everything is red here except PMO, I am 1/3rd in cash and have no plans at the moment to spend it, it's difficult to pick out when stocks are at a bargain price, especially after I read the chartists view for the end of May in the Sunday Times................. the return of the Bear Market(they say).

I'll keep and eye, but I dont care if I miss the turn up again.

I have watched MMG with interest, not at all sure what to make of it so I have stayed out. Evel Knievel had a bit of sport with the holders over on advfn, but I suspect he left the room a couple of weeks ago, without telling anyone. They carried on writing as though he was there and got hurt when the price went up.

Made interesting reading if you dont hold, sorry to say people are the same the World over, including me.

He was quite candid in his comments as to why he was shorting the stock, but the majority saw it as a direct assault on themselves and acted defensively, by lashing out.

As I have done the same here on occassion I understand how they felt. I must remember to respect everyones opinion I would like to think I am a nicer person than that!

Speaking of which, nice to see you posting hilary...........

You won't believe it, but I missed you,

;-))

Off to clean the bathroom now, a Man's Work is never done!

Bit of a down day on oils all round bar 3 which are up. US oil inventories out at 3.30 UK time so sometimes accounts for down Wednesdays in oils.

Good to see that the old chicken brick is alive and well! Thanks for the link Hilary, some of the recipes look very tasty, cheers.

oh, the chicken brick..i missed it!

bit of a crappy day..the bad times are back? either way a healthy consolidation from a March 2003 rally can't be all bad...

Another hard day for the Market.

Just about everything I watch is red, except for one, and I won't tempt fate.......................

shh..........

The pasta bake was fantastic!!

Plain old salad today with a baked spud done outside the chicken brick although they can be cooked inside. The skin crisps biut does not burn.

I am still not tempted to spend my 1/3 cash.

Thinking this is going to go on for a while by the looks of things.

One or too obvious punts are really struggling today, glad I dont dont them.

The drop in oil overnight did nothjing to help anyone.

Very odd.

Normally one side or the other benefits from a good drop, but in this case neither did.

Well, time to shut up.

Washing the floors with pledge wood cleaner....................

Fills the day.

Ho hum!

My oils watchlist only shows BP and CHP up, the rest slightly down or unchanged. Little volume here today, perhaps everyone sitting on their hands and waiting for the 9th.

BUR is really taking a dive for no apparent reason imo.

Almost but not quite tempted @ 4.80p...........

Looking at my watchlist, it seems that those being hit hardest are some of the more speculative oils out there. I'm sure you can guess which ones they are. Perhaps some froth coming out of the sector, which I guess would be no bad thing as the good companies will still be sorted from the "highly spec" ones.

Bur looks like it may be near a recent support at 480. If DNX falls some more then I might have some.

Fair.........

I think you may be right about the shakedown.

About time too imo.

The thing about resource stocks, especially the junior oil/mining ones is that a few really bad apples can give the sector a bad reputation. How many times will we hear of companies "hoping to drill something in perhaps a few years" or "looking to acquire assets" but giving no timescale. Thats all fine and well if these things are only a small part of a companies portfolio of assets, but when thats all they have or come to market with then they seem to get ramped up price wise and fall back just as fast or even faster. Im sure lots of people got badly burned in these stocks. Funny how PET springs to mind here!