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 doubt that was a rollover, Prop.

It's time for this little baby to take off. Chocks away, Biggles. Tally Ho.

hilary, i beg to differ, why else would a block of identical size be traded moments apart with a .01p differential???

saying that it would be great to think that it is genuine...how this baby takes off i don't really care!

Sold HNR +17p.

Trying to increase this holding, but there seems a shortage of shares.........

lovely turn...nice bottle of wine tonight for you...

i can off you a quarter at 25p if you are struggling!

Prop,

There are 2 reasons why I don't believe for one second that those trades were a rollover. Not being condescending, but I don't really want to discuss the reasons on here though. Let's just enjoy the flight.

:o)

I'm not tight, but my broker offered 19p a share, and I refused and said 18.75, and then became 30k SEY better off.

I did'nt know I could barter, but it did take a good few minutes to fill this one!

;-)

Looks like an instant profit is about to appear.

The bid has ticked up a 1/4p

lovely trade SWW....

hilary, i would be happy to hear your view on the trade on the board...i am thick skinned enough to hear a view and not let anything degenerate into a slagging match - not my style and i am sure not yours either!

by way of background i was a proprietary equity trader for eight years at a top tier american investment bank and prior to that worked on the UK pitches as a market maker. i would be happy to hear your two reasons and would respectfully admit that i am wrong if they stack up....

prop, thanks for your words in respect of HNR and SEY, small they may have been, but I knew them to be right!

Less outlay for the same return!

;-)

Got in at 18.25 will buy more in the next few days. Run out of dosh so have to wait for sales proceeds to come in.

MS

MS, you are new to the board but instantly likeable. keep on buying!

by the way have was the dripping last night, really made me lol!

Proptrade

Thanks for that. The dripping tasted awful but with a touch of Masala paste and some lime pickle it was just like the local takeaway. Mind you was it pay back time this morning oh boy did we burn.

Good Luck

MS

I wondered when the bum jokes would start! Sooooo British! Keep up the good work!

SWW Surprised you have sold HNR. DNX and HNR seem inextricably linked and both appear to be sailing North steadily. (although I must admit to being in both and TLW but sold far too early). Does the sale indicate you being more excited by SEY opps in near/med term than HNR which has already had a good run?
Will you buy back into HNR or look around for another oil minnow?

can i just say that SWW was just showing signs of a disiplined trader when he sold...i will now let him obviously answer the question and keep my big nose out of it!

That's OK Prop. More feedback the better. Amateur dabblers like me (frequent and moderately costly mistakes in past) need all the assistance from the pro's we can get.

That's OK Prop. More feedback the better. Amateur dabblers like me (frequent and moderately costly mistakes in past) need all the assistance from the pro's we can get.

I would stop watching the trades, dont make any decisions from it, if you have access i have a thread over on the traders bb on trade reporting.

namreh3

HNR for me was a buy after a fall.

I had no intention of keeping that cash tied up, but saw the chance of making a quick buck!

I did!

It surpassed my target price, (+10), so I made the decision at +17p.

I noted that there had been consistant rises over a number of days, and rather than have all my cash in the one venture, (Mauritannia), decided to take the profit on HNR. Today there had been disproportional sells to buys.

I then put the profit plus a little into SEY, so in a way, I have a partial free carry in the stock.

To me that was a wise move.

I now have cash to spare for the next panic that stikes a stock for no reason.

I would consider HNR if things are right, the but is although they stand to get a bigger slice if things work out, they are also risking a lot, whereas SEY have a free carry.

I am not saying my strategy is right, but it was right for me.

I am holding PCI as a punt, and PRE both of which are short term holds, both of which have the potential to make me money more than they have already, (he says crossing fingers and toes).

nice summation...the inner workings of SWW's trading strategy in black and white and i like the free carry reference....like stock, like investor!

i really think these SEY are going to pop...