Contrarian Investor UK invests mainly in UK FTSE and AIM listed shares. Like famous contrarians, Warren Buffett and Anthony Bolton, he likes to take a different view to the crowd of investors. He prefers the short term, possibly speculative trade, to the long term hold and takes the view that it's about "buy and research" not "buy and hold"! This blog tracks Contrarian Investor UK's thoughts on the stockmarket and his portfolio's trades. Move against the herd with the Contrarian Investor UK!
Trades and observations from a British contrarian stock investor
This blog is not intended to give financial advice. Before investing, do your own research and consult your financial adviser if appropriate. The accuracy of any information included is not guaranteed and may be subject to conjecture or interpretation by Contrarian Investor. Therefore visitors should validate all facts using alternative sources where possible.
Monday, March 29, 2010
Falkland Island Oil explorers blast down through guaranteed stops
The Falkland Island drillers (Desire Petroleum, Falkland Island and Gas, Rockhopper and Borders and Southern) are sharply down this morning on Desire's Liz news. The shares were in auction (a period of time when there is no automatic execution on an order book and where Orders that are allowed during auctions may be entered during this period) but are now in full trading. Desire is down 63% at 36p, Rochopper is down 40% at 31p, Falklands Oil and Gas is down 15% at 115p. Fortunately the decision to move into CFDs with guaranteed stops ws sensible with all stops being triggered at the open. Today just shows the potential volatility of oil explorers on a "no show". Feeling a little bruised this morning. Ouch!!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment