It would be great to be able to stop saying of range Resources (RRL) “sell into strength” but there is no other conclusion. It is not a popular message as most private investors here are currently long and wrong.

Minoan (MIN) has been such a stockmarket dog for so long that it could announce that it has won the Euro roller jackpot lottery four weeks on the trot and most folks would not care.  But that’s the opportunity because it has today announced big news.

The good news for Rialto Energy (RIA) is that since the summer - and the unfilled gap to the downside which seemed to represent the selling climax for the shares - we have seen a progressively stronger recovery. It will continue.

Cairn Energy (CNE) released its interim management statement today and the stock reacted positively. At 11am the stock was trading at 285p, up 3.4% on the day. 

Commissioned researcher Edison is paid by companies to produce research. It thus tends to adopt a rather upbeat tone in its report. IT stock GB Group (GBG) has served up a strong trading update for the first half year today but even Edison struggles to argue the shares are cheap.

The great Royal Mail (RMG) IPO has been a success. Listed at 330p the shares are now 475p. That rather vindicates my call to stag the issue but now it is time to bank gains and sell. And here’s why.

Hello Share Fans: Just so you know – I am what they call a momentum trader. This means I am mostly concerned with whether a share is going up or down, rather than the nuts and bolts of its valuation.

Gold has been trending lower the past two months. From around $1,420 at the end of August, 2013, gold traded around $1,270 as of October 16 – a $150 decline in 6 weeks! By and large, the voices of Wall Street are now openly telling the public to dump gold. So should they? In an article published yesterday, Rick Rule, the chairman of Sprott, the world’s best known resource investor, thinks not. Henry Bonner of Sprott interviewed him and writes:

I could not sleep last night and so turned to the “Good Book” for inspiration. I refer of course to “The Reagan Diaries” the journal kept by America’s greatest President during his two terms in office. And that made me think about Terry “Junk” Bond the chairman of financially challenged AIM Cesspit posterboy Vialogy (VIY) and his little Reagan lie.

Shares in international specialist in the acquisition, production and distribution of film and television content, Entertainment One (ETO) have continued to rise since I last updated HERE – to now trade at 238p. Does there remain value here?

Having reported a £5.80 million net cash outflow for its year ended 30th June 2013, AIM-listed Wessex Exploration (WSX) has opted out of paying up to £1.5 million of funding requests still expected to be made in 2013 by its Guyane Maritime Permit joint venture (‘Northpet’*) – which is set to lead to Wessex’s interest in the permit reducing from 1.25% to approximately 1.1%.

I note the comments made today by my colleague Tom Winnifrith on Greka Drilling (GDL). They certainly give one pause for thought but I am still a bull.



The arrival of the autumn equinox probably went unnoticed by the majority of the fully clad population, enclosed as it is, in heated office home, car and train. But not amongst the minority of open water swimmers who are in true tactile touch with the outside world of the weather with myself at the Hampstead Ponds every morning.

Lombard Risk Management (LRM) has, for its half year ended 30^th September 2013, reported a 5% decline in revenue (to £7.26 million) compared to the corresponding 2012 period and a net cash outflow before financing activities of £1.98 million, though has “continued confidence in meeting the full year revenue forecasts in the market” (£19.4 million) and states “the second half of the financial year can be expected to be appreciably cash generative”

For the first two hundred applicants we had three free books which would cost you £31.98 on Amazon to give away free. They include The Naked Trader by Robbie Burns and Alpesh Patel’s book on spreadbetting. It is first come first served.  There aren now just TEN sets left on offer. To get your free books…

A foxy PR bird called some weeks ago and asked if I cared to meet up with Philip O’Quigley the CEO of AIM listed Falcon Oil & Gas (FOG). The name O’ Quigley rang a bell, and the PR bird was a foxy tease, and so I agreed. I can see the speculative upside in Falcon’s tale, it is not one to bet the ranch on but it might be worth a flutter.

The rampant share price recovery we are seeing in ARM Holdings (ARM) this year has come a decade too late for the barmy ARMy that latched onto this company at the time of the dot-com bubble. 

With a renewed appetite for small cap high risk shares in the unloved sector of the aim graveyard that is Bio-techs, and with a renewed interest in the Jim Mellon stable, notably Summit (SUMM) and Plethora (PLE) it would seem a natural reaction to cast an eye over Sphere Medical (SPHR).

On the 4th October I published an explosive dossier on Green Dragon Gas (GDG) which contained photos of environmental destruction and bloodied Chinese villagers. The company had been passed the dossier 5 days earlier for comment and its spokesman (Mr Philip Dennis of uber expensive PR firm Bell Pottinger) promised a response on 4th October. There has been no comment.

Hello Share People: You are sitting on a share you are not quite sure about. Maybe some city pundit you respect has said that it is a lemon. That you will soon lose your money.