Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 23/3/2017 11:36

Good timing AIM. I was criticising the MM for dropping on low volume and saying it never happens on the way up, well we seems to be getting a similar rise on low volume so take it back!

Just don't understand the need for such violent swing, most people don't set stop losses on AIM shares as you get bounced out so easily so little point in fishing like it appears they were. I still maintain this is not a hyped AIM stock so we have not got hundreds of twitchy PI's and most who are in have targets way above this level.

[the big fella] 23/3/2017 11:36

All looking more positive today.

[aimmafia] 23/3/2017 11:31

I've just taken 58k at 14.42 - I'm back on board for the next leg up after the cooling off period.

[kaos3] 23/3/2017 10:56

lol I went for 14p and the same sec they change ask 14.25. no shares around at this level. just plays. all is ok.must go up.

[brando69] 23/3/2017 10:49

here we go

15p today

[kaos3] 23/3/2017 09:51

Unable to sell at 15p I turned into additional buyer. Stupid me :(
Lets see if there are sellers at 12 - 13p. Having my bad luck I Will not be able to buy. Spreads killing the trade.

PS - the minute I put in bid shares jumped. Can not trade inside the spread for the last 10 days.

[jemjem] 23/3/2017 06:35

PoO has shown a spirited recovery. Up about 2.5% from the lows of yesterday afternoon.

[che7win] 22/3/2017 16:47

330k buy late afternoon

[bones] 22/3/2017 12:50

Added a further slug at 13.1p

[brando69] 22/3/2017 12:12

expect a bounce to 15 short term

[brando69] 22/3/2017 12:00

well oversold

[brando69] 22/3/2017 11:51

added another two lots at 12.84

[wwick] 22/3/2017 10:33

Agree with all the references to volume (lack of it) here. I have plotted on balance volume here and it has clearly opened up since the high. You know the fundamentals, you know the volume anomaly. Its easy to say sit tight and painful to do. Imagine your smile when truth is realised.

[mark10101] 22/3/2017 10:07

The Big Fella, that was my point to a shorter on LSE that had chosen TRIN as his target, TRIN is not a company I would pick to short, any number of news items could seeus back towards 20p. There are far safer short targets out there relative to TRIN. Overall I think Oil and oilers still have a good couple of years ahead of them. It is quite possible in 2 years time you will barely be able to see the recent pull back on the graph relative to where it will be.

[the big fella] 22/3/2017 10:02

Curry. Yes the fall is entirely sentiment driven. But when your valuation is already out of line with peers by a multiple either they have an awful lot further to fall or we will eventually catch up.

[the big fella] 22/3/2017 10:00

The lower the oil price goes supply will inevitably fall as the US shakers will have to stop due to it being uneconomic. Therefore it is hard to see a situation where the price could fall below $40. With our low cost base TRIN is in an excellent position. I reposted reworked numbers yesterday which shows just how cheap we are.

[currypasty] 22/3/2017 09:57

POO has knocked sentiment, for the time being. $57, down to just holding $50 has sent punters running for the exit. Pretty much all my oilers are down.

[phowdo] 22/3/2017 09:55

Think we may see a few delayed sells (and buys...) later.

[mark10101] 22/3/2017 09:51

18.5p down to 12p since brokers note confirming a conservative and very large valuation gap. The bizarre thing is 400k sells is not suggesting panic selling but has lead to a 11% drop from yesterday's manipulated 13.5p uncrossing trade close. If only a couple of million buys would lead to a 5p rise.... either way who in their right mind is selling now.

[mark10101] 22/3/2017 09:43

But there has only been tiny selling, many individually own more than what has been sold in the last couple of days that have knocked us down hugely.

[phowdo] 22/3/2017 09:40

Looks like momentum chasing punters capitulating now.

[mark10101] 22/3/2017 09:36

Must be getting very oversold now, I can't see oil falling much lower and anything in the $40's is still good for TRIN. Some say oils up trend support is in the $46s others say $44 is to watch, either way I think there will be a pretty strong bounce into spring.