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, January 10, 2011

Xcite maintains positive momentum

The third straight day of gains looks to be on the cards, with Xcite Energy currently up 8p at 397p to buy. A few more pence and it will be the 52 week high (though it hit 425p intra day on the flow test results).

Looking at the timing of RNS releases, the company does not necessarily release them at 7am so news could be anytime and lets not forget the deadline for the signing of the rig contract is the 15th.

Position in significant profit but not even thinking of selling one.
Posted by Contrarian Investor UK at 9:46 AM
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