Bowleven (BLVN) was less fortunate with it falling over 5% to 351p. Market maker tree shake no, but seems like someone was taking advantage of the bad GDP news. Makes me wonder if an RNS is due sooner than we think. Though uncomfortable I bought some more at 350p. Little overcooked on this one but the fundamentals are strong purely on the oil they've discovered already. Feels like Xcite Energy (XEL) before the flow test results, but still disconcerting with this size of investment. Will be interesting day tomorrow to see if finally we can have a blue day. A test of the investor on this stock today and I'm holding my nerve for now. Stupid, we'll see!!
Tuesday, January 25, 2011
Nice turnaround on Sirius but Bowleven weak
Great to see the shorters and derampers stung on Sirius Minerals (SXX) with the price closing up on the day after the steep falls earlier in the day (up 3% at 17.75p). 17p seems a good support level for the next news flow.
Bowleven (BLVN) was less fortunate with it falling over 5% to 351p. Market maker tree shake no, but seems like someone was taking advantage of the bad GDP news. Makes me wonder if an RNS is due sooner than we think. Though uncomfortable I bought some more at 350p. Little overcooked on this one but the fundamentals are strong purely on the oil they've discovered already. Feels like Xcite Energy (XEL) before the flow test results, but still disconcerting with this size of investment. Will be interesting day tomorrow to see if finally we can have a blue day. A test of the investor on this stock today and I'm holding my nerve for now. Stupid, we'll see!!
Bowleven (BLVN) was less fortunate with it falling over 5% to 351p. Market maker tree shake no, but seems like someone was taking advantage of the bad GDP news. Makes me wonder if an RNS is due sooner than we think. Though uncomfortable I bought some more at 350p. Little overcooked on this one but the fundamentals are strong purely on the oil they've discovered already. Feels like Xcite Energy (XEL) before the flow test results, but still disconcerting with this size of investment. Will be interesting day tomorrow to see if finally we can have a blue day. A test of the investor on this stock today and I'm holding my nerve for now. Stupid, we'll see!!
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