Bahamas Petroleum Share Discussion Threads

[bigsi2] 26/2/2020 08:47

That said - share price will rebound shortly

[bigsi2] 26/2/2020 08:46

Traders on CFD or spreadbet will have stops and margin calls on a drop-FACT

[globalspecialist] 26/2/2020 08:43

We will oscillate after undershooting - stock to close above 4.5p by close of play today. That is the value of knowledge and experience although I am feeling generous currently towards the forum.

[globalspecialist] 26/2/2020 08:42

This stock does not have the level of liquidity or shareholding structure to suffer from margin calls or stops. Those are generic terms that you have heard about in the market and are valid for larger caps but not here.

Sorry!

[pro_s2009] 26/2/2020 08:39

Could retest 3.5p at this rate. Filling the gap

[bigsi2] 26/2/2020 08:37

Margins and stops getting hit

[globalspecialist] 26/2/2020 08:37

There is no selling into a bear market. This is natural oscillation for all stocks which move too quickly and draw speculators in.

All very normal here.

[globalspecialist] 26/2/2020 08:36

I understand why retail panics as they only see and understand the share price rather than the underlying reason for the move in stocks.

All very normal here. Will close today around or above 4.5 before moving to the 4.6/4.8 range as it settles slowly in its new equilibrium.

[walkermike1] 26/2/2020 08:33

Selling BPC at these levels into a general bear market? Have people lost their minds? Stay calm. Fortune favours patient, cool heads.

[eodfire] 26/2/2020 08:31

And down the other side...

[globalspecialist] 26/2/2020 08:30

No. The oscillation is natural and happens in all stocks which move rapidly. It is undershooting and will move up again later by too much and then down until settling between 4.6-4.8.

If CLN fails we will go down 40% but the fact that they had a family office backing them implies that there are other vehicles available. They are only short by around $7m including small contingencies so that money will be arranged through other means if not the CLN.

Risk/return still in favour of bulls here although it will reverse during drilling. Therefore there is a time to book profits but not yet.

[bigsi2] 26/2/2020 08:30

Back to 5p ?

[bigsi2] 26/2/2020 08:25

SP "Oscillating"rapidly today- downwards

[bigsi2] 26/2/2020 08:24

And if CLN fails?BOD already shown themselves to be misleading and deceptive over project cost estimates - requirement of contingency funds - and have sourced additional funds when previously (within 7days) stated they needed none all in the name of progress of courseBut what else could they be misleading shareholders over?

[globalspecialist] 26/2/2020 08:09

Normal consolidation pending new fundamental news. The way stocks overshoot, now it undershoots. Natural oscillation until the new equilibrium is found.

New equilibrium should be around five or just under pending CLN.

[linton78] 25/2/2020 23:08

Thanks Arama,

When Buffet is cool, Linton is cool...

:-)

See you at Langans mate.

[linton78] 25/2/2020 20:29

Seagreen - when you know, you know.

Stay frosty

[linton78] 25/2/2020 20:09

Listening to the stones , Gimme Shelter near Liverpool Street.

It’s just a kiss away...

We will be fine, it’s just going to be a bumpy ride.

[globalspecialist] 25/2/2020 19:49

Market looking for an excuse. Unless we see significant bad news tomorrow we will have a dead cat bounce 200-300 points on the Dow. After that another 1000 point or so down. We are in a market correction phase of up to 30-35% now.

Europe starts closing border and global markets will be down +40%. GL all. Moved to cash yesterday alongside other professional friends who Cashed in yesterday and doing so more today.

[lithological heterogeneities] 25/2/2020 19:43

Another massive "Corona virus" sell-off in the USA tonight so more carnage for UK stocks tomorrow.

[globalspecialist] 25/2/2020 17:31

Not a bad post and I appreciate that. However one correction while I do respect and find your previous post partly humorous I have to add that my arrogance is well placed and well deserved in the same way that your humility is.

[seagreen] 25/2/2020 17:23

Post 37918 c minus
Post 37919 f

Must do better and try and get on with his peers.

I shall be buying back the stock I let go when the gap fills I would not dream of being arrogant enough to suggest anyone follows my lead, or do anything with their cheap stock it is up to each individual.

[globalspecialist] 25/2/2020 17:11

Seaweed as much as an idiot that you are I am ready to give the forum a few chances before shutting you muppets down again - this is the forums first official warning. Continue on the same path and see how it ends up for you and forum. Keep it impersonal and put your wrong views up and no one will complain.

[globalspecialist] 25/2/2020 17:08

The market after a ten year plus bull run globally was looking for an excuse to sell off. Coronavirus is that excuse and we will see a +30% correction from highs.

I went all cash yesterday except a few stocks including BPC which are not correlated with the market. You will do well to do the same and pick everything up 30-40% cheaper in 6-9 months.