JPR - Jupiter Energy

[Realist]

Who has the balls to buy more at 17 cents?

The difference between investors and traders is investors are so confident in what they are buying that if the price goes down they buy more! Traders on the other hand use stop losses, if they price goes down they think they were wrong and bail!

I bought at 20c, I may put more in at 17c.

I wanna study this a bit more though first...

 

[ALFguy]

Surely the cheaper this gets, the more attractive it is since you'll be increasing your allocation of JBF shares.

Even if it tanks in the next week or so, you're still holding the JBF value so buying more as it drops appears a sensible option.

That said, all holders/buyers are depending on the IPO being oversubscribed.

Anyone hazard a guess as to when info about the IPO will be released?

 

[maverick11]

but the question is, why the drop??

 

[ALFguy]

but the question is, why the drop??

1. Still early days, no news on IPO
2. As Morgan pointed out re options
3. Placement?
4. Big players manipulating?

I would personally go with the idea that there's expectations of this taking off sooner rather than later so any selling now simply fuels more selling. Anyone wanting to get into this in a big way would be sitting back and watching how low it goes before making a move.

 

[ALFguy]

Who has the balls to buy more at 17 cents?

Maybe 16?

How's your studying going Realist?

 

[Realist]

Maybe 16?

How's your studying going Realist?

Badly, it is my last day at work. Have to study over the long weekend..

 

[ALFguy]

Badly, it is my last day at work. Have to study over the long weekend..

That's a bummer! But was actually refering to your study of JPR/JBF

 

[Realist]

That's a bummer! But was actually refering to your study of JPR/JBF

So was I!

 

[canny]

The sterling float and the price of oil probably contributed - but I like the theory that some long termers with 8c options need to free up some cash.
That would certainly account for it.
If all options are NOT exercised, then the ration increases and we'll get more than 1 for 2.
The IPO isn't even OPEN yet - much too early to worry imo.

 

[ALFguy]

US keeping the oil price down again with their usual worries over the strengthening Russian economic position and of course the upcoming elections. What a dilemma for them considering they're wanting to impose sanctions on Iran.

Oil prices may be the biggest contributing factor here, but still, selling down to 15.5c today with a rather unhealthy looking depth is a little disconcerting.

That said, if I had the spare cash, I'd buy that lot at 16c!

 

[maverick11]

selling down to 15.5c today with a rather unhealthy looking depth is a little disconcerting.

yeah, the thorn in my portfolio at the moment! Surely things will pick up in the next few weeks closer to Nov?

 

[Shroomos]

will bonus shares be allocated on day of public offer? Will shares be open to trade on the day of the public offer? If so, I cant see the problem, essencially that is approx 25 cents each added to the top of your existing shares (which are now 15), what is the problem? infact, with the current volitility on a low price stock like this, it looks like it will proivide some good short term trading

 

[ALFguy]

will bonus shares be allocated on day of public offer? Will shares be open to trade on the day of the public offer? If so, I cant see the problem, essencially that is approx 25 cents each added to the top of your existing shares (which are now 15), what is the problem? infact, with the current volitility on a low price stock like this, it looks like it will proivide some good short term trading

That's my understanding, shares allocated and available to trade on the day.

No-one said there was a problem, other than having bought in at a slightly higher price and wondering why at 15c there are so few takers.
As you say, at 15c you're essentially buying a JBF share for 25c plus the value of your JPR following the IPO.

Saying that, my problem is not having any cash to buy more at this price - or whatever price it gets to soon

 

[maverick11]

i got in @ 20cps

So i take it this isn't one to loose sleep over? :

 

[ALFguy]

i got in @ 20cps

So i take it this isn't one to loose sleep over? :

I was in at 19c, then 17c, so why not 15c

No cash left!!

Might drop further though

 

[Shroomos]

That's my understanding, shares allocated and available to trade on the day.

No-one said there was a problem, other than having bought in at a slightly higher price and wondering why at 15c there are so few takers.
As you say, at 15c you're essentially buying a JBF share for 25c plus the value of your JPR following the IPO.

Saying that, my problem is not having any cash to buy more at this price - or whatever price it gets to soon

yeah, it is interesting that it has dropped to 15 cents, as pointed out, oil may have something to do with it. I think, with a 50 cent bonus on every 2 shares, it still seems like a strong buy, and, like I pointed out, if it does remain volitile like this, (hopefully upwardly volitile) then it looks like a good short term trade

 

[ALFguy]

yeah, it is interesting that it has dropped to 15 cents, as pointed out, oil may have something to do with it. I think, with a 50 cent bonus on every 2 shares, it still seems like a strong buy, and, like I pointed out, if it does remain volitile like this, (hopefully upwardly volitile) then it looks like a good short term trade

I'd be surprised if anyone sells at below 15c, but wouldn't be surprised to see it step up to 17c again soon. Like you say, possible short term trading but on low(ish) volume.

Bloody oil prices! :

 

[Shroomos]

I'd be surprised if anyone sells at below 15c, but wouldn't be surprised to see it step up to 17c again soon. Like you say, possible short term trading but on low(ish) volume.

Bloody oil prices! :

yeah,the problem with these penny stocks is the low trading, although this one isnt too bad, hopefully, as happens, once it starts to go up, more people will get keen, making it a higher demand stock, making it more liquidable. It should do as time draws closer to the share offer. HOPEFULLY!!

 

[ALFguy]

There's a real mixed bag of perspectives on other forums about how this is going to pan out. All make very interesting reading.

From stating that the IPO will be oversubscribed, fueling a buying frenzy in JPR, to doomsday scenarios of a dramatically discounted JBF listing and a fall to all time lows for JPR.

Having taken all things into account, from the prospectus to market reactions so far, I still think it's going to be a winner.
The current selling is nothing new - a transition from traders to investors most likely. Plus it's still very early days.

Hoping to speak to a broker friend about his opinions on the IPO soon.

 

[Shroomos]

There's a real mixed bag of perspectives on other forums about how this is going to pan out. All make very interesting reading.

From stating that the IPO will be oversubscribed, fueling a buying frenzy in JPR, to doomsday scenarios of a dramatically discounted JBF listing and a fall to all time lows for JPR.

Having taken all things into account, from the prospectus to market reactions so far, I still think it's going to be a winner.
The current selling is nothing new - a transition from traders to investors most likely. Plus it's still very early days.

Hoping to speak to a broker friend about his opinions on the IPO soon.

excuse my ignorance, but what does IPO stand for?