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

not drunk but will be later....

moving into new offices in London today hence the silence.

resources are off guys, relax. even the quality gets knocked down a bit. will rally on results.

rgds
PT

Ah.......... The Prophet Proptrade speaks.

And we all listen, (sometimes).

He has a new shrine in the Golden City.............

A place for pilgrimage,

A place for homage,

and.........,

A cup of tea when you're passing.

You are all welcome to this place.

3.50 a cup!

Such is the place of The Prohet Proptrade.

Don't worry SWW - can't get rid of me that easily! Like the Groak, I'll be back!
Prophittrade (sic) new offices in W/End or City?

sd

W1 at last! SWW, always welcome...and i give a 10% discount to my disciples.

Some say you are cheap, I say not prop!

bless you..

Looks like I may have been suckered by the MMs, afterseeing those two protected trades toalling 600k goin through late today at 17.50/17.75p. I guess the MMs dropped the price to fill those two orders - no doubt I will be paying to get back in now.

sd

Dont we all get suckered at some stage?

My problem is not the MM, more like the rampers/derampers who for a while I used to believe.

Now I know better. (hence my terse words earlier).

The question you need to ask yourself is, now or after Tevet2 Deep ST-1?

The word is that there is nothing for us tomorrow, more like the end of the week with wirelines Friday being completed Monday, so you have time to think provided the sp does not race off, whichI doubt.

Not easy, but I have been there too.

Best of luck stockie.

SD, sorry to hear what happened to you earlier. As SWW, says, we've all been there, well I know I have anyway! Good luck with what you decide to do. I still find it strange though that many are selling out here just now at these prices, especially when Amvescap were happy to pick up another 40m at 20p at the end of September. Certainly a volatile time right now accross the whole sector.

gavdc - yes the whole sector seems to be trailing beneath their respective 20 and 40 dma's currently, probably reflecting a significant retracement in the sector after the peaks of hurrican madness and having little to do with fundamental value.

we'll see.

sd

4m T trade at 17.75 just showed up.

Another good example of MMs in action. Hold the price down to shake out the sellers and fill the order. Who is the buyer? If my conspiracy theory is correct we should see another tick up tomorrow. Every day now brings us closer to production from Chinguetti and every day brings us closer to a bid for SEY. One way or another we will see at least 20p before Christmas and a heck of a lot more in the new year.

http://biz.yahoo.com/usat/051017/13172266.html
Check the difference in opinion IMO

ahoj - interesting counterview.

Well they do say that, if everyone around you is screaming buy, now is the time to sell.

WDIK

sd

ahoj - Thanks for posting, reinforces my views.

FWIW I had a good look at my holdings yesterday and sold off Hardman, and topped up Sterling a bit more.

Reason? - I had exposure to a success or failure at Tevet2 Deep ST-1 with both stocks, Hardman are in a strong downtrend at the mo, whereas Sterling looks to have hit near lows already, plus they are freely carried for that well.

I suspect a duster there would be very unforgiving for Hardman and would present a buying opportunity, any knock on to Sterling would do the same but to a lesser degree, but only because the Market is fickle.

Having said all that, if it is a duster at Tevet2 Deep ST-1, I believe that it would probably be as well to leave Hardman out of my portfolio for a while till the drilling is over.

BUT - the odds are now on that Tevet should contain something and that is reinforced by the "kick".

As it is, any success would fairly not raise the sp to levels where I sold out, (in the short term anyway) and it would present a buy back in at cheaper levels possibly.

I note Hardman has lost another 6% nearly overnight in Oz, so I am satisfied that I did the right thing.

Gosh, what you lot doing to the stock market this morning.

Sterling at 16.75P ????

Time to buy some more.

Well done.

Just had a chat with my Stockbroker - there is noithing going on that we don't know of as far as they know.

Energy stocks are generally down across the board.

That being the case I have had some at 16.5p.

If it drops some more, I have more, but that looks like bottom.........(today?)

If goes lower, I will buy at every penny it drops from here on in.

i just tesated the water and sold some stock at 16.5 with a view to buy back...support at that level but this is market wide jitters...

Yes prop.

As I had sold out before this (around 6 months?), is like taking candy from a baby for me, and in fact I am doing the reverse of you, I am sure you had some at much cheaper than that so you can afford to play a bit.

Glad like heck I sold Hardman though, single exposure lets me sleep last night.

The spread is widening out so I think that's all today...........

I'll look back in later.