Archive for February, 2009

I’ve bought yesterday another oil share – Royal Dutch Shell I am following this share for long time and I’ve told to myself that if it goes below £15 to I would buy it. And this is what has happened on Friday. I’ve bought it at 1482 for long investment.

The good thing about the current economic crices is that you can find good companies cheap. The way I see it is that we are not at the bottom yet but we are not so far from there. So I rather start and buy shares that I’ve wanted for long time in cheap price. Other companies that I am looking to buy are Tesco, Google, Microsoft, BA & BT. All of them are closing down to the price that I would consider buying them.

Royal Dutch Shell just did it on Friday and I am quite happy that they are now part of my protfolio.

Hello all,

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Hi all,

After black Monday where the Dow hit a new low, it seems that the market is searching for direction. It moves up and down between 7150 to 7400 and change direction very quickly.

This is a good market for short trade because no matter which direction you will choose there is a good chance that if it went against you, it will come back very soon (in a matter of hours in fact). You can see it clear on the graph:

it is the same story with the FTSE. The market is on hold and tries to learn what Obama will do next. But it seems that every time that Obama says something the Dow is down. It is not a bad strategy to sell when he speaks you just need to know his agenda.

I think that the Dow will test a new low around 6500 before it will move up to the 7400-7500 region. But times like this it is hard to predict.

Next Thursday 5/3 14:00 free Technical Analysis Seminar with Sandy Jadeja from ODL Markets.

I will be there so come and say hello.

I guess this is the best news that an oil company share holder can get:

Shares in oil and gas producer Dana Petroleum rise as much as 8 percent after the company finds a new oil field at Rinnes in the North Sea that it says exceeded its expectations.

Morgan Stanley upgrades the stock to ‘overweight’ from ‘equalweight’ and says two wells at Rinnes could add 72 pence per share to its NAV of 1591 pence per share.

To be honsest I expected that the share will jump more than that. 3 weeks a ago a company in Israel discovered Gas field and the share rose 110% in one day.

But 8% in one day is not that bad… Anyway I do believe in Dana because they generate a lot of cash and they are debt free. I am here for the long run.