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Good strength, looks like the farm out deal is perhaps in the final approval stages now and news could come next week or the week after.

Hi Pessimism Sauce,

If this makes sense, apologies if not; I generally commence my investment with a set amount.........Then I listen and gain as much information as possible, then follow the share. Wait to the share gets to a new high and recoup my initial investment, leave the gain in the stock, then wait to the share drops, this is the hard bit, when to re-enter the stock.

It works for me! The danger is that when take-off occurs, and you are not in the stock, then you only have the gains. If you have managed to "overtake" your initial investment, then happiness is. It hurts though, if the stock drops to the basement.

I do feel though, that there are gallons of that thick black stuff below those deep waters.

gallons or barrels, definitely an oil expert,or just another disguised ramper?

Hali

gallons can also indicate that he is over 60 years old

Sorry Halifax.......Barrels. I am not a ramper by the way. I am a fully genuine investor, interested in all kinds of stocks. My father got my initial interest in the Falkland Isles, as he served there in the naval forces. He says they were talking oil 40 years ago!

The stock will rise on the back of a potential find.........Not a ramp

ald who isn't?

My view is that trading is gambling and gambling is a fools game!

I think it may be important to crystalise on profits (if any) before the drill announcements. I'd love for there to be black stuff on the first drill but it could be anything i guess. no one actually knows.

h, there's only one true cynic on these boards, the rest of us are only sceptics, disparagers or doubters.
Now, what was the name of that thick black stuff again??? ;o)

Hi Pessimism Sauce,

Whilst agreeing that gambling 'can' be a fools game, like most things, there is no harm in moderation.
I gamble.
I have 1 bet on the horses per year, The National, about £10.
I have £2 per week on the lottery.

If I ever become one of the lottery millionaires, I will not think of myself as a fool.

Mind you, I regularly see people in our local shop spending pounds on all sorts of lottery tickets, scratch cards, the lot. They no doubt started off as foolish, and have probably reached the addiction stage.

Actually, investing in the stock market, or in fact any investment where there is no guarantee of full money return, is a form of gambling.

I like to call it a calculated risk

I calculated and risked and now my stock is worth 47% of what I invested. Wrong calculation I guess??

FI are in southern hemisphere, so your chart is prob upside down

Pessimism Sauce
Life is a gamble -
Thank god not yet dead yet at 67, - shot once, had malaria about 6 times, etc etc
Had two businesses in UK - having any business is a calculated gamble - did OK
Had a horse racing system in 1970's - 2 year old horses backed e /way etc - lost

If you do not take a chance in life / or with shares etc you probably will never make it to the top. Who wants to sit at home with a piggy bank for your coins -
go for it

rekirkham , must say i agree with you 100% about life been a gamble in all it's aspects!

Big volume spike today on BOR.




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As expected , Greece elects the correct party. Markets are always right, US rises on Friday said the ND party were going to win.

Big blue day ahead - everyone who sold out last week - tough, get buying quick.

if the markets are always right - not very consistent on that are you - then how come BOR et al are not rocketing away?

When it comes to the EU, the market acts like a drowning man.
Throw him a straw and no matter how useless that straw is regarding saving him, he will grab it.
Everyone with half a brain, knows that the Euro and therefore the EU in its present form is doomed, so why don't the politicians just let it die, as the sooner they do so, the quicker countries and the world in general can start re-building their finances.
We all of course know the answer.
The EU has become the biggest gravy train there is.
The EU makes our self financing politicians look almost 100% honest.
As has often been said, if the EU was a company it would due to its accounts not being signed off since its inception be banned from trading, and its directors barred from holding positions of trust.
Of course cleaning up the EU will never happen, as it is self Policing.
A dictatorship, by another name!

What ?...no blogs on the "Foilkie" oil stocks ?.....bizarre...bizarre....who knows... Borders might give a nice update tomorrow morning.....dream on RF..........

Interesting new summary of the USGS estimates of undiscovered oil and gas in South America which also covers area 18 - Falklands.

http://pubs.usgs.gov/fs/2012/3046/fs2012-3046.pdf


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