lovespreadbetting
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Is it time to jump in ???? Any takers
Whats happening with Desire shares
- Thread starter lovespreadbetting
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L
Liquid validity
Jump in, you're joking right?I wouldn't touch it with a bargepole.
Time to go in those kind of outfits is when they have just announced a find, then get out
before wirelines, API results etc. Then go back in if results are favourable.
Right now DES is a turd and has been for quite some time...
Look at time and sales, pretty much chump change trades, MM's are basically a$$ raping
d1ckheads again
wackypete2
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I wouldn't touch it with a bargepole.
Time to go in those kind of outfits is when they have just announced a find, then get out
before wirelines, API results etc. Then go back in if results are favourable.
Right now DES is a turd and has been for quite some time...
Look at time and sales, pretty much chump change trades, MM's are basically a$$ raping
d1ckheads again
Sounds painful
Peter
You mean to go short?
http://www.telegraph.co.uk/finance/...plunge-after-sixth-oil-well-comes-up-dry.html
http://www.telegraph.co.uk/finance/...plunge-after-sixth-oil-well-comes-up-dry.html
L
Liquid validity
Shouldn't laugh really, TBH though DES has been a bit of a joke in AIM for a while now so this was hardly a surprise.Sounds painful
Peter
I wouldn't touch it full stop, massive gap down on open, true days range was actually quite small and stagnant.
Pure gamblers punt right now, riding on the back of RKH for too long.
PI's are going to move that in the short term, no telling where it might go.
With AIM the key for me is to be VERY selective with stock choice and work the hype in between known good news which builds a decent trend.
Bad news just creates massive gaps and punt volatility, too risky.
wackypete2
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OK, serious question, what is AIM? Is that a stock picking strategy you are using?
Peter
Peter
L
Liquid validity
Alternative Investment Market - UK
Similar to Pink sheets in U.S.
As for strategy, I look for pointers to possible outcome, example - RKH was previously explored by shell (also in falklands) oil was known to be there and the API (quality grade) was also pretty certain. Shell hit a commercially unviable pocket, RKH went back with more advanced 3D seismics and found a bigger payzone.
DES in comparison (from the little research I cba to do) did not have the same advantages RKH did.
As for strat, scan the RNS each day:
http://www.londonstockexchange.com/...newsPerPage=200&rbDate=released&preDate=Today
Then watch T&S for large transactions mindful of cash value not share qty - my rule is ignore anything less than £50K (seems to be minimum decent IB trade size).
Also be aware of who the current IB holders are and holding size.
Let it brew, if RNS states API or wireline logs due in 3 weeks estimated, be out in 2.5 weeks max waiting for outcome. Back in if good, upside lost yes, but as DES shows today, an AIM stocks reaction to bad news can be savage...
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wackypete2
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Liquid validity said:
OK, this make more sense now.
Thanks for sharing some insight on your strategy
Peter
L
Liquid validity
TBH for me its just a sideline really, too few opportunities I'm willing to take the risk on.OK, this make more sense now.
Thanks for sharing some insight on your strategy
Peter
Your sig and my username sum up AIM - fundie analysis is long winded (I dig around for info on all the directors as well as basic stock fundamentals, trawl RNS going back a few years). Also, my username here is heavily influenced by AIM - liquidity = validity (or rather the quite frequent lack of when it comes to AIM trading :whistling )
The current stock market situation clearly shows a slump and it is not the right time to invest in the stock market.If you want to purchase some shares you have to wait for a while until the situation gets better.
L
Liquid validity
1 week later, trading range has been 12-18p, mostly hovering around 16p, throw in the wide spreads and that is a perfect example of why "no brainer" trades in AIM can frequently go wrong - looked like an obvious short didn't it.
Truth is there is still misplaced hope (misplaced because hope always is...) of RKH sealion field extending into DES acreage.
Maybe true, but why gamble on an unknown.
Simple fact is DES have had 6 dusters now using low rent 2D seismic analysis.
Until otherwise thats the reason I still wouldn't recommend touching it or any other company in a similar situation.
Maybe they should give this outfit a shot...
http://www.vialogy.com/
