Marksman51
05 Sep 2017
Re: Aberdeenman I totally agree with you bedwetter regarding news-driven shares and volatile shares that go up 15% one day and down 12% the next. Agreed. Granted.I don't apply my principles to these shares, they're a law to themselves. These include little resources companies, little biotechs ...etcI thought from your earlier post that you disagreed in general terms with the principles of "buying high and selling higher."Good luckDr M
bedwetter
05 Sep 2017
Re: Aberdeenman I get what you're trying to say but when a company is news driven and you get chartists making silly predictions based on a chart and when it goes to that level based on a negative announcement, you can't say it was the chart because a price 1p or less for 88e will be because the well doesn't flow, you can't make predictions on a share and buy in 30% higher and expect to get to a level of profit without research when its news driven mainly in spec oil n gas company's, the man buying in higher is more likely to get spiked like he did. Best regards I hope it works out for you but for this chap it didn't.
Marksman51
05 Sep 2017
Re: Aberdeenman BedwetterHere's the FEVR share price for you in link below. Buy High and Sell Higher. Yes? 
[link]
Marksman51
05 Sep 2017
Re: Aberdeenman Bedwetter To illustrate my point have a look at FEVR.Last year it was £4 went up to £5, I bought. Kept going up kept buying.Now it's £24. Not bad for buying high, is it?There are twenty other examples I can give you from the past 18 months that I bought High and the share price kept getting higher. Examples include: BOO BUR GAW KWS FEVR IQE PURP RSW ...etcHave a look at them please before you call me some unkind names. LolI'm serious about this principle of buying high and selling higher. It is often referred to as buying on strength or momentum buying.I works well in bull markets like the one we've been in for quite a while now, where there are plenty of shares rising all over the place all around you.My motto is : Try and make Hay whilst the Sun is Shining.All very simple and common sense really.My best wishes.Dr M
Marksman51
05 Sep 2017
Re: Aberdeenman BedwetterInvesting in the stock market is all about: Buy Low, Sell High. Right? Wrong. Buy High, Sell Higher. Right? Correct, Right.Why?Because if you buy low, what is low? They don't ring a bell when price has reached a bottom. It could get lower next week and you could've bought more cheaply. I hear you say: Ah, next week you buy some more at a lower price.Yes, and it will go lower the week after. And you'll find yourself down 40% on your investments in 6 weeks. Not clever, is it?This is called trying to catch a falling knife, you get your fingers cut, innit? You'll be throwing good money after bad, not exactly a good idea, is it?Read Stan Weinstein's book "Making Profits in Bull and Bear Markets". Retails at £15 from Amazon, or £10 for a second hand copy. Read the first 40 pages, takes only 2 hours and tell me what you think.Good luckDr M
bedwetter
05 Sep 2017
Re: Aberdeenman It makes no sense whatsoever buying 30% higher then then thinking the chart will take it into a massive rise and end up sat on a 20% loss before of news that came out that was seen in a negative light. They predict it to go high and low then disappear when it doesn't go the way they said but are straight back when it does, nothing but hindsight specialists. I asked rRomeo23 fir a prediction after he bought, I didn't get one but I got him copy and pasting an old price prediction that went the opposite way at the time and now he's back with it, this will rocket on good news and plummet on back and no chart can know that news yet. It's that simple I'm afraid.
Ripley94
05 Sep 2017
Re: Aberdeenman bedwetterI see you are discussing charts on this bb , I was just drawing your attention to site were you might learn more about it.I also struggle to see why they would wait for a higher price to buy , but they claim there is evidence that you make more profit after buying into established rise which then holds .RegardsR
bedwetter
05 Sep 2017
Re: RNS Hahahaha, like I side originally this speculative company moves on RNS releases which is exactly what happened here overnight in Australia, so your trades of 2.2p and 2.5p are at a loss now when if you'd of actually been smart about if you'd of bought below 2p. The only reason this will go to those ridiculously prices is if the news about flow rates turns out not doable, you're basically making out that charts know the news releases before they arrive, you do realise how ridiculous that sounds, your predictions of up or down movement are embarrassing I see once you bought I didn't get an answer from you where you thought the sp was heading now you've bought in, all that waiting on the sidelines spouting silly predictions got you nowhere but a loss in record time, what a legend hahahaha
rRomeo29
05 Sep 2017
Re: RNS Badwetter,What did my tradesignal online chart say??Just as we have argued before, I believe and calculated that 88e gave a severe bearish signal as from May and June 2017, pointing to a sharp consolidation down to 1.40-1.10p, if the vital 3.30p support was breached.This is what I calculated for the friend who asked me. Because I got curious myself about this company (ramped by PIs who believe in company news), I placed a trailing stop to see if it gets filled during a rebound.As to your question:I had a combination order that was filled as from the mentioned 2.25 and 2.50p. The follow up trade was set if 2.50p is ever breached again. Have you head of these strategies - or about people trading actively?I for one am totally unbothered about the lost trading costs in the current case.And now?? Are you still invested, badwetter? Have you on to your lost profit since the bearish alert at 3.30p?Up to you!I for one am happy to be soley a short term holder and now on the sidelines. Especially happy because I am three weeks on the Canaries, and so unbothered by these sudden swings.But I hope these company news did not ruin your day today If the 1.80p line falls apart, then neatly and nicely retrace down to about 1.40-1.10p. Total bottom should be around 0.96p.(New bullish alert only IF the 2.50p wall is climbed and held for more than three trading days. Last week was merely smalltrader share hype, proven by its short lived rise.)Very happy if my next 2.50p trades are filled..., but this is unlikely now. The chart says this goes to 1.10p.-------24. Aug. 2017"At the moment nothing flows. Then next week will be the restart of the testing. And then more waiting... As for me, I think this is likely to retrace to about 1.10p (and first to 1.40p).Confirmation comes when support around 1.85-1.80-1.78p is breached.DYOR:[link]
rRomeo29
05 Sep 2017
Re: RNS ...it looks like my second opinion written to that friend on this bb has proven to be worthwhile... At the same time I am happy to have ignored the newshype of the past four weeks. Or some bad mood side comments yoik from you, badwetter.All news totally worthless, as long as the trading patterns show that 88energy insiders are not piling in.The chart has shown a mid term target to the mentioned 1.40 and 1.10p targets.
GentG
04 Sep 2017
Re: Review of flowback I would like to know the temperature and pressure of the well at the time when the pressure increase was noted, but I believe that this may be a reflection of a phase change of a clathrate into a liquid and gaseous phase. I believe that the high pressure has resulted in clathrate formation downhole. If you look at the phase diagram for simple natural gas hydrocarbon clathrates on page 7 of Clathrate Hydrates of Natural Gases, Third Edition, by Sloan and Koh ([link] you will note that as the pressure of the well fell from 3500 psi to 1100 psi, this would have crossed the liquid water-hydrate-vapour line for methane. As such, the volume would have increased resulting in a pressure increase.We know that there are entrained hydrocarbons due to the methanol mitigation used at the choke. The same process may be happening down the hole and so I believe that the increased pressure may have pushed the phase diagram upwards for want of a better word, so that led to clathrate hydrate formation. Once the pressure has fallen to a certain level and the temperature increased and the relative ration of gas and water has changed, this should allow the hydrocarbons to revert to their vapour state. This will all depend on downhole pressures, temperatures and relative concentrations so I can't only go on the information available. On this basis, I added another 1 million today. Hopefully I am right.
EasyBrent
04 Sep 2017
Review of flowback Review of the flowback and pressure[link]
penhome
04 Sep 2017
Support at around 2.0 and 1.6 Here's the chart with comments from yesterday.This seems to be holding around the top of the consolidation channel having earlier rejected a move down towards 1.6p So long as it closes above the green trend line, I'm holding.[link] the Motley Fool writes, maybe people's expectations were a bit too high regarding the RNS:"Today’s update does not seem to be particularly positive or negative overall. 88 Energy continues to make progress with its strategy, and today’s share price fall may be due to high expectations from investors. The market may have been anticipating a more positive update than that which was released today. This could explain why the company’s share price has declined dramatically following the update."Pen
Nick Lssn
04 Sep 2017
Over panic sees buying opportunity [link]
oohthatscheep
04 Sep 2017
Re: RNS I shall be buying in quick before it goes up again
