Locusts are a form of grasshopper so lets hope the locusts that descend on AIM shares every time news is out (or on no pretext at all) to rip us all off suffer the same fate as your fable describes in the predictable market slump. I would also include hedge funds, P&D merchants, crooked boards and all the rest of the casino traders that operate in AIM in particular. I think I speak for others that we are sick of the way the market operates today and a good shakeout is very necessary and hopefully inevitable. The grasshoppers are dead, long live the ants I say !
holder has just changed, the economic trend in oil is defo not helping us here, I had averaged down to an acceptable level over the recent months/years, however I need to start that challenge again, so will be topping up/averaging down. wonder how low its going to go, on a positive, when it goes back up which it will we should see the price triple from here at least. hang in there toggers.
reason for $57 oil as opposed to a genuine fall in demand? Three months ago we were over $100, not it has all but halved, but the world economy is still more or less the same. Are the Saudi's trying to wreck the Russian/Iranian economies? Will it be driven still lower? I must admit to a surprise at the current price, as I did not expect it to fall below $60-65. So let's set a new floor at $50 and see what happens. Hopefully ML will pull a rabbit out of the hat soon and get us back up where we belong. Too many good prospects for NTOG to see it valued at only £7m.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.