UK 03:37 Tuesday, 3 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It can be said that from May last year to April this year Gulfsands Petroleum was a stock that you could set your watch by. This is said on the basis that on no less than three major occasions the shares bounced off the 80p level and then delivered rebounds of between 20% and 40%. However, the loss of the 80p level to start June suggests that it a period of extended weakness is on its way-at least while there is no recovery of this level.
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