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MNAZIR90, you prove my point, PMO down 90% whilst the market was down 30%. It is a risky share, if you can predict the highs and lows then great but you're a better man than I am.
Never be scared to take profit, its better to take a small profit than end up at a loss.
Apologies mate if i came across a bit prickly lol wasnt the intention, onwards and upwards! GLA and have a great weekend.
Mnazir90,
I've read some of your posts, mostly useful and on point.
None of us are a genius, in my case very far from it.
60% of posts here have some good reasoning and help to analyse what's going on.
Very useful to stick together to reach a similar outcome.
All the best
Owl this is an oil stock, all oil has been in termoil since 14. Some like the swings in this company because they can trade on it, some see a LT because they survived Solan ( you know about that of course)...combine the extreme geopolitical of oil, the increase in climate awareness, the move to renewables, the continued ned for oil, the rise of the Permian and shale, the voilitility of traditional oil dependent producers...yep its a interesting place to put your money...oil still ( for now) makes the world go round ( move).
PMO is driven by debt, PoO, assets, financial MM/ shorting opertunists, men and potential failure or success. We could invest in tech companys that live on sentiment only: Tesla has a trailing-twelve-months P/E of 331.52X. Never made a profit,can you invest in them now and make a profit...if not them there is always bitcoin.
What I like about OnG is you have a chance of studying financials, world events and making your informed choice/guess accordingly.
Interesting imo
Rgds Sft
Nah i bought in at 27 planning to hold it for a year or so lets see how things pan out, you could have seen that my looking at my message history, but you couldnt even do that right lol
Hi Mnazir90,
I'm assuming that you bought yours shares at 12p during the crash and sold at 55p.
You now waiting to repeat and rinse.
Please let us know when the next crash is about to happen, or the significant rise.
All the best
Its a pandemic jesussss thats why it was down about 90% at one point as well mate
Ummm, an increase of 250% since the end of March and then lost 35% of that gain in 13 days, not the most stable of shares. Potential for big gains but also risk of big losses, I would class that as a gamble.
Ummm it was a gamble in March maybe when things were extremely uncertain, i dont think its true now mate.
FORZEB, it's always risky to invest in one company / sector, especially one as volatile as PMO. PMO has the highest beta out of the 600 or so companies in the FTSE. These types of shares are very rarely a good investment. It is a gambler's share and most on here seem to act like gamblers.
Can’t disagree with that SK, trading is the only way to make money with Pmo currently. Pmo unfortunately always seems to suffer from uncertainty which makes it such a good trading share. We bump from one issue to the next.
To be honest SK its not that easy to make money in this market and when you look back will always be on losing side. For me its look over now and close the account now just waiting for TLW which is also in Red for me
thanks but for what (for booking the loss)?
There is no point adding more in my opinion when its keep going down and down
Cant bear more so booked the loss of £5000 as can't see getting bigger and bigger should have been sold once its break 50p but was hoping to see back on track which is not there any more
Morning Cash
I've changed my greeting from Ferret to Cash, obviously!
Fully concur with you. Looking at one month charts for PMO and tlw, lost between 20&30%.
While that's serious, these falls are not indicative of healthy companies, nor, in the wider context, a healthy market economy.
As you say, a trigger could now send oil into a tailspin and then watch the panic.
Cash is the only option.
And if it all turns and I miss the first new rise.....it won't matter.
Sometimes people think it's too late to sell. I don't think they are right this time.
Morning Kilgeever - watching Oil this morning, its on tender hooks. A heavy downside bias but keeps getting pushed back - something is gonna set it off, it just needs a catalyst. IMO risk is heavily weighted to further downside, but i could be wrong -
With RI hanging in the background without TD trying to temper thoughts and speculation, this is also a concern as is Zama sale delayed until Talos sort out with Pemex. if we get further into 30's it will get risky - IMO
Noted TLW also broke 30 today
GLA -
I've had to take advantage - added more
Mal le Fustere
This is not the time for sang froid.
A dance disaster, darling. But I’m holding.
all the shares ****ed and so are we
mid 30s 1st base imo.