Afren, Headlam Group

Afren - entered an alliance with Sojitz Corporation - will the shares respond to this news today or was the response yesterday to the rumour?  Close yesterday was a spike which has been ironed out in morning trade - price now remaining steady between 58 and 60.  Huge buy pressure in queue but some buy pressure was earlier in the day and may have missed the boat - even if realised would need the price to fall.  Definitely worth considering.  Price currently trading beneath yesterday's end and thought I could realise 3% off that - now would need to reach a level it has reached in all but one day recently.  Buy.  Note a lot of buyers but price not rising - also those working both sides of the market are Sell at 61 - is this a ceiling or will it change.  Again for learning observe.  Note price continues to fall despite buy pressure - I am going to take this one on the chin and wait it out for the sake of learning. Might be the nature of the buying and selling - the buying was cool, cheeky, unrealistic whereas sellers weren't holding out, panic selling so though more buyers which should have had up pressure because the buyers were more ready to wait the price has gone down.  Question is why though - these shares are under-valued and there has been recent positive developments.  Perhaps a casualty of overall market bearishness.  I am going to wait out the last half-hour and will hold overnight.  I might then look for a double-yield to make good today's nonsense.  I don't expect the price to recover to the level I require today but it certainly could tomorrow - time will tell - it's all learning!  Note price for much of yesterday was ranging between 45 and 50 - the end price was a spike.  The following day I had already missed the momentum and buying passed the high and so should then have passed on this purchase.  Should I take the loss now - feeling is should wait out to Friday as more spiking could re-balance the price.  However it could drop even further and then stop loss would have been needed and a demonstration of how easy it can be to lose a lot more when not using stop-loss.  In this situation in the future if I believe it has recovery within up to 5 days I could always open a second position - though increased exposure, increased risk...