XCITE ENERGY LIMITED (XEL) _ brutal, what's gone wrong?

was long of these @ 347p,held on waiting for the long overdue RNS which came out this morning & luckily had a stop-loss in at 285p---AIM market has been weak over the last few days & the day trading shorters ,along with the market-makers have had a field day & cost a lot of people a lot of dosh...the shares have come up from a low of 45p to be a@ 400p over the past year so a bit of profit-taking by long term holders only to be expected,,,I couldnt endure any more pain so cut my losses--shares will rise long-term but have been down below 200p today (I think)-also there are investors fumimg over some "strange" trades so an enquiry into "leakage" seems on the cards

The graph looks horrendous, looks like market manipulation of some sort to my untrained eye!

Was down 40% when I posted this, thought the company was being liquidated, bizare. Thank gawd for your stop, watching the price go sub £2 would have been painful :(

last seen @ 235---someone somewhere knew something--thats a 1.01   

Something weird happening with this one. Looking late last night and it appeared like there had been another late sell off and the overnight price was @ 190. This morning, the price is 237 and the late afternoon trades are not showing in the price action at all.

on the londonstockexhange site, there were many trades up to closing down to 190. Where have these trades gone?

if you can be bothered,go to the iii website & click on XEL DISCUSS--there you find thousands of different posts on y/days actions in the shares--a lot of it rubbish (like on b/fair)but quite a few interesting & poignant remarks

think they opened around 245p

here is a summary of what happened(to the best of my knowledge)>>>

.
1] rns issued with estimates
2] below expectations according to analysts
3] stock sold off and shorted
4] traders move in and bought at lows and shorts closed
5] sp rises
6] traders take profits
7] sp stabalises at true value
8] now trading in 'new' range until next news

last price 225p

always have a stop-loss-----285 was a cheap cut for me as XEL have traded @ 185 this morning..[:x]

285 looking like a damned good exit at the moment!

Dipped below 160 this week, all the brokers and pi's touting £5+ cannot be wrong with their numbers on this share.

Its a massive buying opportunity at these prices, It will recover to £3+ by the end of July.

read the message boards on iii & lse---a lot of v angry & depressed people on there with no confidence in the board & suffering some huge losses

MONEY TREE

04 May 11 09:46 Joined: 02 Jul 09 | Topic/replies: 13,953 |

looks about on par with investing in dinars.

its a tough game, pleased im greedy and been taking profits lol.

will leave a few long termers but any others will take the profit on.

feel bad for people who have been smashed on this when they could of been out at over 400.

have not been following it has there been bad news?

MT that isn't greed - pure greed is when people stay invested because they want to make more lol. There's nothing wrong with taking profits (unless you are bottling it).

no respite today -trading @ 160p & charts leaning toward price gap down to 145p.........[:o]

here we go--145p ,no friends at all--awful PR job by the BOD & a lot of pi"S SWALLOWING 6 FIGURE LOSSES---either its time for a bounce as its fallen 7 days in a row or next gap down to 122p 

131p today--122 is looming & then 110p is on the horizon--btw,I have no position; bought at 348p & stop loss took me out at 285p[:x]

something quite unsavoury about the BoD at this company imo. Didn't they offload most of their shares at £3.85? Got to feel bad for those who are sitting on huge losses, but you pay your money you take your chance in this game. Might be worth a punt once this stops freefalling though.

agree ,whippet, but good luck in finding the bottom.....

" might be worth a punt--- ".
That phrase is applicable to most of the shares you guys seem to talk about perhaps ?.
I trust and hope that this type of investing forms just a very small part of your overall investment portfolio.
Please say yes.

closed @ 122p tonite...[:(]

Glad i didnt get into that, CAD has held up rather better.

trading at 111.50p---another support level to test

BOOM (as some might say).

lots of holders in raptures after seeing a GAIN for the 1st time in ages--lets see if it holds up--already being talked up to £2.00 /2.50

about time .. --bought some @177 earlier & just sold @ 227p---still loss on all dealings but a sweeter outcome at last

harry hindsight said to buy at 110p last week [smiley:crazy]

another day,another drop---closed @ 172p,now 157p...choppy waters ahead

Something seems very very iffy about this company imo. Something just doesn't sit right about the BoD selling loads of shares at the top. The current chart has all the hallmarks of a bull trap as well.

totally agree---lots of derampers on the message boards which make the arguments on Betfair forums seem tiny glitches