Touchstone Exploration Share Discussion Threads

[retsius] 17/6/2021 20:27

MT or DB.
Views?

[retsius] 17/6/2021 20:21

$1.38 in Canada 80p. FFS.

[davidblack] 17/6/2021 20:15

Buffy you are a wise chap.

[buffythebuffoon] 17/6/2021 19:30

“ Agreed the biggest “weak link” is the one between my ears! I doubt I am alone in coming to that conclusion.”

No, we all think that about you DB. 😂

Buffy

[goofedagain3] 17/6/2021 18:03

"Que sera sera, whatever will be will be, the futures not ours to see, que sera sera"......a woman called Doris told me that some years ago and it's still the best advice I've ever heard, especially when it comes to O&G companies on AIM!!

[thebull8] 17/6/2021 17:32

Shock horror - down on London. London closes and back up a few percent.

[davidblack] 17/6/2021 17:29

Agreed the biggest “weak link” is the one between my ears!

I doubt I am alone in coming to that conclusion.

[stupmy] 17/6/2021 15:07

Worraps, when you say 'as I do', it's more a case of 'as I try to do', when I make a howler and look back on it, I can often find that it was down to an identifiable mistake on my own part rather than a surprise thrown at me by the market. I'm prone to lots of common SH errors and just work hard to reduce them as much as possible. Over the years, there is no question in my mind that it has reduced my losses and increased my profits. I started looking at TA/Charts when JBTrend pm'd me about some basic TA stuff, I started looking into and then using it. It made things worse for me for a period (I think that's probably common in many walks of life), but the more I read, the more I tried, the more I discarded the more I developed an idea about how to use the TA that I was learning about. It's all out there for free so you don't have to pay through the nose for fancy training. In fact you have to ask yourself why anyone would run paying classes in this type of thing. If it works for you, you simply don't neeed to do it from a financial perspective because in all probability your potential profits are more or less limitless (it's different for fund managers with billions to look after, we have a huge advantage over these people and yet we complain all the time that it's in fact them that have the advantage). Once you believe that it's possible to win, you can start doing it, but you'll probably find you quickly come up against all of your own personal weaknesses that will get in the way.

[worraps] 17/6/2021 14:04

Thanks, Stupmy. So really, you just study things from a practical and realistic point of view, and make your decisions based on that. My trouble is not so much confirmation bias, but rather an over belief and naivety and being a sucker for trusting the CEOs, and everything they say and predict. Staying detached as you do, seems to bring better results! After 20 years of investing, I really must change my ways! I'm not quite as rose tinted as Pro, and I have criticised him in the past for being that way as I feel rosetintedness can be dangerous. But, after buying two lots this week, and seeing it immediately drop, I'm starting to look in the mirror and am suspecting a certain pink glow is forming.

I used to believe Dr Robert Trice (HUR) could do no wrong at one time too, and that brought my funds to their knees.

I do wonder why so many buys are going through below mid price, and therefore in the sell column though. It's been happening for weeks.

[davidblack] 17/6/2021 13:45

777k traded so far, clearly someone has an agenda.

Someone moving on for greener pastures?

Probably but TXP will be busy soon enough.

[soggy] 17/6/2021 12:33

Br1an - I noticed your quip had two upticks, I guess possibly from Stupmy & Spawny, so I thought I'd better give the the full trinity.

[stupmy] 17/6/2021 12:23

Worraps, the truth is that I can't give you anything specific and the drop probably relates to the things are being overtly or vaguely discussed by those on this board, delays, changes, fundings, previous management statements proving optimistic etc. This is all I do, I don't have another job. So I can sit and watch and react faster than many can. For me to have a solid reason for the share price drop that has not been/is not being discussed here would imply insider knowledge or that I've found something in my research that none of you have. Neither is true. I try to suspend belief in the fundamental story, what the management say, what the bb says etc and watch the share price Once you get too wrapped up in the story, it can be difficult to accept the possibility that the share price can diverge from the story you've researched and come to believe. Before you know it, you're suffering from confirmation bias (that often installs itself insidously into ones phsyche). Comments from management like 'No decision has been made on funding (Rolls Royce), 'We have no intention of doing a placing/rights issue etc' are not legally binding and my guess is that in the case of RR for example when they said it, they had in fact already made the decision on their placing (it happened very quickly after they claimed no decision had been made). So in my view sometimes management statements are disingenuous and dishonest. Nothing is certain. I just try to ignore as much of the hope and hype as possible and work around what the share price is atually doing and how that compares historical situations on this and other stocks.

[goofedagain3] 17/6/2021 12:17

What a little clever clogs!!

[sleveen] 17/6/2021 12:15

I wonder if its WTI approaching $75 when SPT kicks in. Although neither TXP or TRIN receive anywhere near Brent/WTI price so shouldn't be a concern atm.

[highly geared] 17/6/2021 12:09

Overall market is very uneasy at the moment , not helped last night by the US FED. If the main market falls then everything declines. That’s what we’re seeing here perhaps, along with the fact that TXP specific, things feel a bit directionless in the short term.

[worraps] 17/6/2021 12:01

In any given situation I always like to know why. So, Stupmy......as well as accurate predictions, can you explain why and based on what did you make your prediction? Presuming you're not psychic of course.

[br1an] 17/6/2021 12:01

Hmm, Stupmy, Spawny & Soggy.
Great name for a financial services outfit?

[soggy] 17/6/2021 11:54

When I saw the share price entering the 85 territory I was going to post and ask if you were around!

Very astute analysis - and, sadly, borne out by events...

[stupmy] 17/6/2021 10:57

At 85.8p, we're very close now to the 82-85p area I suggested (see below). Spawny you did the right thing in my view, until it starts to go up, it's going down. And going down can be a slow insidious business that leads 'strong' holders to constantly believe that tomorrow will be different, so they hold and they hold and the value of their holdings reduces along with the share price and there will always be a reason that they believe it is the right approach (sometimes it will be). If you're out, you can't lose more and you can attempt to react if you believe the share price is changing direction. There will always be those that argue you shouldn't sell out as share price falls because news will have the share price gap into orbit before you can react. But the reality is, that over time, over a number of investments it will turn out that avoiding losses is very, very important and that most changes in share price movement don't happen in a second, and that there is often enough time to react without missing out.
For me, a close below 82 would be a very negative sign.

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Stupmy - 04 Jun 2021 - 09:59:14 - 20032 of 20280 Touchstone Exploration - TXP
If the share price closes below 93p, 82 to 85p become quite likely. If that doesn't hold, 78 looks next. At that point it's not too much of a struggle to imagine 58/59 (a price I mentioned as a risk perviously).

[inthemix] 17/6/2021 10:53

New cases an active cases dropping. Peak looks to have formed, hopefully back to some normality soon.

[inthemix] 17/6/2021 10:29

Can sort of understand the shorts when the country is in state of emergency. When that clears alone it should slingshot us past the 30m placing price I reckon. On top of that the rich newsflow to follow... I'm with Pro an turning off for a while.

[lord gnome] 17/6/2021 10:26

The dumper is back.

[pro_s2009] 17/6/2021 08:25

buffy I would be happy being a non-serious multi millionaire :) :)

[pro_s2009] 17/6/2021 08:23

You know the answer....... stop looking :) :) :)


In the coming months ( notice no time given :) ) we have Coho finalization to proceed.

Royston spud

Rosyton results.

Seismic results from Royston and new leads/Krakken info (apparently the seismic is revealing a lot of positive info)

Plan for Cascadura being revealed.


I would suggest enjoying the summer and check the share price again around mid-September.