Regal Petroleum PLC - Second Purchase & EcoSecurities Missed Opportunity
This share finished down on the day though it did reach a high above the previous day's closing price and would have realised a profit for me of £40.58 - but this is not even 1% take on the day.
Indeed with Stop loss active I may have triggered a sale for a lower price and made a loss.
This also establishes that one of the indicators I was referring to is not entirely reliable - though it is not to be dismissed at such an early stage - it is 50/50 after two and needs to be tested over 20 days.
This is particularly galling because the other shortlisted share EcoSecurities Group PLC would have made me a profit of £423.73 finishing the day 7.63% up on the previous trading day. This though does mean that this indicator has a 2/3 success rate. Is it golden? Time as ever will tell!
Indeed with Stop loss active I may have triggered a sale for a lower price and made a loss.
This also establishes that one of the indicators I was referring to is not entirely reliable - though it is not to be dismissed at such an early stage - it is 50/50 after two and needs to be tested over 20 days.
This is particularly galling because the other shortlisted share EcoSecurities Group PLC would have made me a profit of £423.73 finishing the day 7.63% up on the previous trading day. This though does mean that this indicator has a 2/3 success rate. Is it golden? Time as ever will tell!
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It is notable that on 7.8 this share had gapped overnight which could suggest the price had been inflated above natural demand and value and should have been left alone.
Though there had been slight gapping for EcoSecurities too so that may not be an explanation.