Just made another £304 on oil futures.

[Money Money Money]

Fook me, 2nd thoughts... I wouldn't look if I was you!!! What time you buy out?

[DimPrawn]

Fook me, 2nd thoughts... I wouldn't look if I was you!!! What time you buy out?

16:38

I would have made much more hanging on, but don't have time to keep an eye, got to head off. As I was in profit I happily closed my position.

[HairyArsedBloke]

Here is wisdom:

Nobody ever went broke taking profits.

[DimPrawn]

Currently £300 up if I sell out!!!!!

Don't get greedy. £300 sounds like a very nice tax-free lump of money for a few hours of doing nothing.

If it get's near that again I'd pocket it and have a nice weekend knowing you have a bigger pot to play with next time oil gets near the $80 upper or $76 lower areas it currently trades in.

[Money Money Money]

Don't get greedy. £300 sounds like a very nice tax-free lump of money for a few hours of doing nothing.

If it get's near that again I'd pocket it and have a nice weekend knowing you have a bigger pot to play with next time oil gets near the $80 upper or $76 lower areas it currently trades in.

Yeah wish i had.... isn't hindsight a wonderful thing!!!... Still will get a minimum of £150 so still great!

[ASB]

Just closed my position, £120 profit.

Not bad for doing nothing, and all tax free.

Be careful not to make too much. Those nice chaps at HMRC can decree it's a trade and then it becomes taxable. You're almost certainly safe (case law is on your side) but don't give up the day job.

http://www.hmrc.gov.uk/manuals/bimmanual/bim22015.htm
http://www.hmrc.gov.uk/manuals/bimmanual/BIM22020.htm

[The_Equalizer]

Don't you know the best oil trade to be made at present is in Baa-Rain (Falklands) as reported in this popular press:

http://www.thesun.co.uk/sol/homepage...l-fortune.html

Desire Petrolium have a rig being towed out, for arrival in Feb. A few other companies are also having a go.

Falklands Oil & Gas is sid to be worth £75 a share on successful drilling of it's Loligo field (one of many)

Hey although I'm a complete lurker on this board, I thought I'd post that I popped a bit of the house deposit on Desire and Rockhopper last Friday. They start drilling in the North Basin in February. Falklands Oil & Gas have tranches in the South Basin which is far deeper water and haven't yet secured a rig. Anyway, there are about 3/4 million penguins in the Falklands and about 3 thousand people, oh plus a few sheep.

P.s. Spread betting is pure gambling.

[trsisko]

they havent actaully found any oil yet there but of course it has near perfect geographical properties for having oil!


i want to do future options it sounds risky but the rewards are better any recommendations on buying into uk stocks i was thinking aviva, barclays, vodaphone maybe lloyds tsb?

[Money Money Money]

You keeping an eye on this DP? 75.77 just now!

[DimPrawn]

You keeping an eye on this DP? 75.77 just now!

Yep. Made a bit of a goof up and am looking at a £300 loss at the moment.

Waiting for the turn up.