Bayfield Share Discussion Threads

[oilbuy] 11/10/2012 10:58

Excellent buying today ! Ultrapunch ,looks like you have your answer !

[ultrapunch] 10/10/2012 23:06

Bollinger Bands? They are currently widening again!! BEH could drop to 15p before the lower BB acts as support or rise to 35p before the upper BB acts as resistance. Volume is currently very low. I haven't a clue where the share price is going.

The 8.5 forms keep coming which means that BEH is still open to offers.

[mojomonkey] 10/10/2012 17:36

mdw1, The Bollinger Bands are a long way apart, I think that is a bad sign. I looked at the MACD too and that is again poor, still saying to me that we are not at the bottom of this pull back.

As most know on here I am in at a high average here but I am trading about 1/3 of my holding that I bought at better prices. I am staying out with that money ATM until it looks better on the MACD at least.

I have those funds currently in SLME which is doing OK and if the proper results show as good as the extrapolated ones it will allow me to pile in here again, only bigger, when the time is right.

Ultra may advise better on the Bolly Bands, they are not really my bag. GLA

[mdw1] 10/10/2012 16:02

How are those Bollinger bands looking Ultra?

[mdw1] 10/10/2012 15:57

News on the way? More volume needed to get these moving properly but its a start.

[luminoso] 10/10/2012 01:11

25k shares sold by Black Rock is a strange number. does not get them through a threshold and is only £5k. Guess its to pay for the Christmas party, then !

[mojomonkey] 09/10/2012 18:46

Ultra, remember I asked you if you knew anything about SLME Silvermere Energy? Well after you said not I did a little bit of reading and dipped my toes, glad I did now, they were up 25%+ today after one of their partners on the current well disclosed good news about the flow 4 point test.

The guys on the ADVFN BB who seem to have been in for a while judging by their old posts are talking about resistance at 20p and a gap to fill at 17p ish. It closed at 13.25p this afternoon and it looks like it has a way to go yet. GLA.

[the_beagle] 09/10/2012 08:31

Hi ultra,

I'm watching this closely with a view to re-entry and don't really know what to do. Blackrock's small sale yesterday is a bit un-nerving as I see their previous disposal was at the low of 14p. Are they happy to sell down to that sort of level again? Why did they sell just 25k shares?

[ultrapunch] 08/10/2012 23:24

Well my decision to sell most of my BEH shares after the results at 25p+ has proved to be sensible in hindsight. Not so to buy some of them back at over 20p!! No idea where the share price goes to in the short term from here. BEH is a bit unloved at the moment.

[spacecake] 07/10/2012 17:38

Ultra,

Time will tell, I'm currently sitting on my cloud at my buying price of 20p and any move higher would be in the right direction.

Interesting website you use... my LNVGY and TCY holdings are looking good with lots of bull reccos on them!

[ultrapunch] 05/10/2012 15:08

Have a look at ichimokutrader.com. BEH is currently above the CLOUDS (Kumo)!!

Using another chart BEH could easily rise up towards the upper Bollinger Band on a bit of buying pressure.

Don't knock what you don't understand Spacecake. Whilst no charting technique is infallible, Ichimoku Kinko Hyo can be useful.

Ichimokutrader.com gave 3 or 4 consecutive Strong Bulls for MTA earlier this year, the last at 0.98p. Within a month MTA was over 3p intraday!! I made a good short term profit out of MTA this year using ichimokutrader.com. Of course the Bollinger Bands were very tight as well. It also gave 4 consecutive Strong Bull signals for MAGP not long ago. The last at 2.40p. MAGP is currently 4p. 67% rise in a couple of weeks. Not bad going. Of course you have to make up your own mind on when to sell. Of course I also used those tight BB's and the MAGP fundamentals. ichimoku trader also gave a Strong Buy to BEH not that long ago at under 20p. It subsequently rose to over 30p as we all know. Of course I bought cheaper and before ichimokutrader gave BEH a Strong Buy because I liked the fundamentals and those very tight Bollinger Bands!! However it's wise not to disregard ichimokutrader.com and the Ichimoku charts it bases it's signals on. I find it a very good short term indicator unlike your Nicole Elliot who obviously doesn't. In fact it's used by FOREX traders for making short term, as well as longer term, judgements.

I could give loads more examples of where ichimokutrader has given me good indications of where an share price is heading short term. Ask oilbuy. He knows of my success from using it as an investment tool.

[spacecake] 05/10/2012 12:11

Reference source ... Nicole Elliott book

Cloud charts are for trending markets - the trend for BEH has been down since the IPO float.

Daily cloud chart shows candles approaching point of narrowing or cross over point and prone to breakthrough lower at this point.

A prayer book would be more useful!
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The clouds from my window are clearing so I will be heading to the pub shortly where choosing between half a dozen types of foaming ale will fill my afternoon.

[spacecake] 04/10/2012 22:35

Weekly chart looks poor... will dust down my cloud book tomorrow !

[ultrapunch] 04/10/2012 21:17

According to the BEH chart on ichimoku.com, it is only a weak bear since the share price is above the Kumo (cloud). If the share price can claw it's way back up above 24p then it will merit a Strong Bull rating again.

Unfortunately todays rise was accompanied by very low volume.

[ultrapunch] 04/10/2012 17:54

Who knows, Spacecake? A small tick up today on tiny volume. Will the share price recover or continue to drop? Wish I knew the answer!!

At the moment I'm happy to hold my 60k (shared with my son), most bought after the recent big drop.

[spacecake] 04/10/2012 17:13

Ultra,

News, good news is what we need and lots of it. Will it be forthcoming is the question.

[luminoso] 04/10/2012 15:45

Everyone must be watching and waiting. A left field announcement might shake a few up.

[pj 1] 04/10/2012 13:54

The risk is that we now drift to previous lows on no News........

[liquidkid] 04/10/2012 13:52

Volume completly dried up

[ultrapunch] 03/10/2012 17:55

I'm going by the chart Mojomonkey. It's gone back to test the 50 day SMA. It's currently resting on that line. I also think the candlestick pattern over the last 3 days is potentially bullish. Of course it could just be a dead cat bounce? Who knows for certain?

[mojomonkey] 03/10/2012 16:41

Be careful Ultra with calling the bottom of this one. It has broken my heart a few times now over the last year or so. "this must be the low, this has to be as low as it goes" has been what I have said to myself and then bought in only to see it go lower, for no reason whatsoever. GLA

[ultrapunch] 03/10/2012 16:40

euclid. If the EG7 well cost circa US$12m and BEH wrote off circa US$10m for the carried "book" current value of oil in that area, then US$10m is not a massive amount, IMO. To be honest I would expect dusters when exploring. So far BEH have had one successful well, EG8, and one unsuccessful well, EG7. In my experience that's pretty good going!!!! I bet the likes of DES, BOR, SOLO, TRP, CHAR, RMP, etc, etc, would like that kind of success rate on their exploration. A 50% success rate (so far) is very good going when exploring by anyones standards.

[ultrapunch] 03/10/2012 16:27

The upper BB for BEH is currently 35p and dropping. It's not impossible that the BEH share price could get over 30p again within the next few days. Unlikely, IMO, but it definitely would if a bid came along!!!! The 8.5 forms keep coming. Somebody must be doing due diligence on BEH otherwise if they hadn't received any interest then surely the 8.5 forms would have been stopped by now?

Even without a bid I reckon a bounce in the BEH share price is due. How high that bounce would be without a bid, or some other corporate action, who knows?

I think BEH is one to hold onto. I've an idea that any bid would be over 35p. Pronbably well over. I've an idea one can't be far off otherwise the 8.5 forms wouldn't keep coming.

EDIT: euclid. Personally I don't believe that the BEH share price will drop back below todays intraday low. Why? Well I think the situation has improved overall since the BEH share price was circa 15p around 3 weeks ago. Ok the current net production is a bit less than anticipated at the end of September, but that is more than compensated for by a circa 35% increase in the price they are receiving for their oil, IMO. Also a persistent seller (Hatcher, a previous employee with circa 7m shares) who depressed the share price for months whilst the daily volume was low has presumably departed.

[euclid5] 03/10/2012 12:02

Thank you Mojo M for the link - not a good write off IMPO massive amt - shame really

[mojomonkey] 03/10/2012 11:46

Is this what you are looking for? Lots of good analysis in it and not just BEH



Page 113 is BEH euclid5 GLA

I agree about EG7 they wrote off the value of oil in that area too over and above the actual rig hire costs, I'm sure.