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

Thanks

It's an amazing share this. I've been in it for over 3 years now and it can take months and months to increase by 10%, with tiny increases here and there over the period to achieve the rise, despite excellent newsflow. Yet with a less favourable anouncement the sp can drop 10% in less than an hour. Go figure.

queen1,

I totally agree, pretty frustrating!

Down around 17% now!

A total over-reaction by the market IMO.

A buying opportunity then !

Make sure it bounces off the 20p resitance turned support line first, IMHO

Probably best left alone imo.

No more top ups on a downtrend for me.

Good policy that is seawallwalker.

remember the harricane last year is still playing on many investors' mind but Sterling is not concerned about everyday market's view because they know what they are capable of, it takes time to build serious business. fund managers should return to the market by september so should AMVESCAP. i would be very happy if the sp returns to 18p in order to load my plate more before the big party.
i will not sell my STERLING before the sp reaches minimum 1. best luck and best party. deep breath and patience and big reward

queen1,

I agree, ROC's statement has done the damage, and is in istself a best guess, and not based on any currently known fact.

Further down the statement, ROC state that reserves are as previously stated, and, more importanltly, the operator, Woodside, would be making a statement re reserves at the end of this year!

No comments from Sey yet.

Queen1

Time to buy a few more, just done so at 20.725p, I agree with your opinion!

Ray, looks like a lot of people are buying now.

Certainly does goal.

To 'eck with it........ I'll break a rule for a few.

Well done SWW!

Andy & Goal - It's been a long haul and it's just got a little longer but I firmly believe that the end result will be worth it...eventually.

I didn't expect to see 21p again. I suspect MMs are holding the price down to attract more sells. IMO
I hold and will buy further.

I broke the rule as well.

Todays lot is strictly for trading, I need to refill my wine cellar, well attic really, hum, I suppose it could be a little loft then.

6 bottles should do it!

sometimes, i think when the price hit a certain low level, it brings attention back to
the sp. 18p will be perfect for a new trend. SEY balance sheet is excellent added to a continuous cash inflow under a rare smart team. shareholders should refuse any bidding from any predators.

seawallwalker, all mine are for 'trading'. Just doesn't work out that way....sometimes. LOL