Tracking

Showing posts with label British Bulls. Show all posts
Showing posts with label British Bulls. Show all posts

Thursday, 9 December 2010

Edenville Energy!

Well, I tried my strategy yesterday. I put a limit order in for 1.5p as I hadn't sold at 1.35p the previous day and the order was executed in the morming! I was pleased and the sp dropped a little and then went on to 1.7p before it started dropping. I looked at the Technical Analysis chart on the Stock Exchange
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/technical-analysis.html?fourWayKey=GB00B05MCJ34GBGBXAIM
and the resistance point was 1.32. I set a buy order for 1.32p but unfortunatelyit only dropped back to 1.4p. So just before close of play I put all my money from EDL into TriStar Resources TSTR and got in at 1.05p.
I have been following this share for a while, originally it was 0.52p when I first started so it has gone up 100%so far. The company is drilling for Antimony and Gold in Turkey and results are due before Christmas so I hope they are good. Question: should I have heldout for 1.7p before selling and bought back in at 1.4p? Should I have not sold at all? EDL was the top traded share yesterday. Hindsight is a wonderful thing.

Thursday, 11 November 2010

Another RNS !!

Woke up late this morning and found another RNS from Sunrise Resources SRES, this caused a rise in share price of about 13%. After the barite results last week, they have now started drilling for gold in Long Lake, Canada. Certainly, for a small company they are having a go and I hope they are successful. Results are due in 6-8 weeks time!
After the excitement of the last few days at VOG, the share price (sp) continues to stay over 5p. It was intreresting to read the views of Broker Man Daniel on VOG
http://brokermandaniel.com/2010/11/11/victoria-oil-gas-fireworks-update/
I would be delighted if the sp gets to double figures as I will be selling my shares. I will then try to get back in on any dip in price but this time using my UK dealer.
Currently I have 7 different shares and my aim is to have a share in each market sector. I have taken the market sectors from British Bulls, http://www.britishbulls.com/, and as such there are 14 different sectors. It does mean that my investment in each share is small but also the overall risk is reduced. The other side of the coin is that the potential for big gains is reduced!