Angel mining and Bowleven are both pretty flat today. I guess its going to be a low adrenaline day! Come on Xcite board give the Contrarian a lovely RNS this morning!
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.
Wednesday, January 12, 2011
Dull day so far for portfolio
After getting up with anticipation every morning this week for an RNS from Xcite Energy, nothing so far. The shares dropped 4.5p initially but now are stable down 1.5p at 385-395p but the spread is swinging around considerably. I was a little surprised that the drop wasn't much greater but I suppose everyone's playing the waiting game and not daring to trade in and out with news due any time soon on the Bentley resources. I still believe an RNS will be issued before the oilbarrel.com conference tomorrow but the board of directors are pretty astute in releasing information only when the i's have been dotted and t's crossed. The rig news must come before the 15th to avoid a $4 million penalty.
Angel mining and Bowleven are both pretty flat today. I guess its going to be a low adrenaline day! Come on Xcite board give the Contrarian a lovely RNS this morning!
Angel mining and Bowleven are both pretty flat today. I guess its going to be a low adrenaline day! Come on Xcite board give the Contrarian a lovely RNS this morning!
Labels:
Angel Mining,
Bowleven,
Xcite energy
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