Global Energy Development PLC
An Oil and Gas producer and thus in a bullish sector.
I noted increased buying interest so decided to buy in spite of recent price volatility.
The company had recently developed new wells and a higher price target had been set. Markets can be contrarian to such announcements initially and in future I should perhaps allow a few days to pass.
I would have bough this at £1.12 and had to sell out at £1.09 so would have recorded a loss of £194 based on my trading stake. Not a good day :(
I noted increased buying interest so decided to buy in spite of recent price volatility.
The company had recently developed new wells and a higher price target had been set. Markets can be contrarian to such announcements initially and in future I should perhaps allow a few days to pass.
I would have bough this at £1.12 and had to sell out at £1.09 so would have recorded a loss of £194 based on my trading stake. Not a good day :(
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In future I would heed the price volatility and not purchased such a stock.