I couldn't resist buying into Rockhopper (RKH) in a small way this morning. Drilling news due in next week or so in the North Falklands basin. Was hoping for 350p, but at 360p a reasonable entry point. A gamble but only a bit on the table and nothing wrong with a bit of adrenaline!
Monday, January 24, 2011
Portfolio getting a pasting this morning
After some nice gains on Friday driven by Xcite, Bowleven and Sirius, all are down this morning. Sirius is down around 11 percent today after the North Dakota results were no more than in line with expectations and profit takers have moved in selling on the news. Profit now gone on Sirius but I've promised myself I'll avoid trading this one too much since it's more of a medium term play i.e. turn off the computer and check the price in 6 months rather than buying in and out on RNS releases. Angel Mining is up at least. At last! Still waiting on Xcite which has drifted down a couple of pence. Patience will be rewarded .
I couldn't resist buying into Rockhopper (RKH) in a small way this morning. Drilling news due in next week or so in the North Falklands basin. Was hoping for 350p, but at 360p a reasonable entry point. A gamble but only a bit on the table and nothing wrong with a bit of adrenaline!
I couldn't resist buying into Rockhopper (RKH) in a small way this morning. Drilling news due in next week or so in the North Falklands basin. Was hoping for 350p, but at 360p a reasonable entry point. A gamble but only a bit on the table and nothing wrong with a bit of adrenaline!
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Mine did too. The only thing holding it up right now is Rockhopper. I was in since around 50 pence and they've been consistently black ever since. But many times they are the ONLY black thing, and without them I'd have been a share failure if truth be told. They are my share inspiration to keep plugging away at this game and wait it out until a few more chosen companies -currently all red - go into the black alongside them. I am hoping 2011 will see a reversal of fortunes.
ReplyDeleteThere are days like these when everything seems to be moving in the wrong direction. News flow is the key to the reversal with all this volatility. The falling oil price isn't helping the oil holdings that's for certain. Exposes the fact that little too much in Xcite and Bowleven but sometimes diversification goes out of the window when the facts stare you in the face!
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