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that makes three of us,,
Anywhere near Narborough ?
im leicester too, small world
Dabbler......
Countesthorpe, Leicester ??
ferret got in my head, and i sold, bought in to Workhorse though so not all bad news. will be back on PMO if a substantial drop occurs
a bit of reverse psychology. shes dropping back a wee bit. get ready to bank your your gains SK. or should that be cut your losses? you only make cash when you sell right?
Olivia just being a crazy ***** today. let her have her fund and get to $39
Potty......three tenors....lol
Saw the image and felt confused actually. Why are they all so angry? So open mouthed ( threatening to spread the virus?)? So American? So huge? A symbol of and symptom of a confused set of states!
Sorry to digress.
SP under 50p even as oil price off the lows. doesn't bode well.
I'm in Inverness ;( There are plenty of trades/ lorries on the roads now but the centre is still like a ghost town. Meeting a friend later and we'll be sitting in a bus shelter with out coffees. At least the weathers warm.
Sp is levitating, weird.
Well I'm based in Leicester currently and ain't much happening here lol the roads are still full, shops have no interest in closing again and just a rumour that they may just keep everything as it is now and just extend not opening pubs and restaurants for 2 more weeks (which I can't see it doing much because people will just travel to a different place to drink)
LOL Potty - 3 tenors! Silly Texans.
Global Covid deaths pass 500K. Just a bit of flu, innit... "Kung Flu" as Trump likes to call it. :)
More lockdowns in China again, near Beijing, I see.
Leicester going into lockdown?
Give it a few weeks and I reckon we'll see another surge in UK after all the idiots have been out protesting, going down the beach, and having street parties. So long as they're having fun, sod all those that are bound to die as a result. Selfish pr*cks.
Hmmm Beeb has a front page about ..Leicester, then something on Texas with three tenors shouting at a guy in a mask.
Profit taking and mm's scooping up those 50's imo.
I've bailed out too, Dow Jones may tumble further today.
Just to let you all know
Every time I bail out Pmo go up, so good luck.
Banked some profits because I’m leveraged on pmo,decided I’m going to sit and watch this for a few days until oil figures hopefully show a draw.
Just thought I’d declare my position and hope nobody listens to the doom and gloomers, I still think pmo is going to be a whole different animal as soon as there’s more stability with the price of oil.
Morning all.
Looking interesting today.
A dreadful but likely scenario. Market currently fuelled by FOMO.... easy money to be made......but it will turn. Debt will increase unemployment will increase debt.
Kraken, yes Shorttracker is as good as 24 hours old - usually takes a day for updates to be processed. So should be good as Friday as of today - why, you have inside info ?
Thanks for all your informative, rationale posts today :)
Short tracker lol
That’s up to date isn’t it lol
Ferret no bloody wonder you get it so very wrong.
Keep on de-ramping through bitter twisted Gritted teeth
Kraken - thats very old news. They closed shorts according to the agreement. But if you check https://shorttracker.co.uk/company/GB00B43G0577/
they only closed what they had to and that was 10th June - nothing since - they are still 6% plus short in excess of 0.5%!
Maybe thats why PMO not been acting no naturally and rising against all odds last week as shorts been clearing through brokers - today will be interesting for all, i guess.
Yep Dodger - question is, will the US dangle more stimulus, if they do, markets will turn and when they do how much. If you noticed, each time they inject stimulus markets head higher (of course it totally ficticious rise based upon nothing but false money injected to buy more bonds, treasuries and equities) BUT have you also noticed that each time they do, its quicker before they start to shurg it off and turn more bearish again. Ummmmmmm today will be not so good but lets see what rabbits they pull from the hat to try inspire more rises eh
Ferret- ARCM don’t seem to think so, along with the rest of the short positions, they are reducing, that gives you some idea where oil prices/demand is going.
Not expecting a good day. Asian markets following US from friday. America now paying the price for early opening. Going to drop but to what level? Brent still holding ok.
There you go again Kraken - same ole, simply belittling other posters to push your own ramping agenda -
If you noted, i backed up my opinions with some evidence and reasoning -
Not gonna get drawn into your childish behaviour - stay long adn strong and lets see how your fairing later this week.
GLA
More de-ramping from the ferret.
Same old record playing non stop !
You must be getting paid to post non stop on a company your not invested in !
Or just very bitter and twisted
So, this is the week when things will start to turn, as i predicted and voiced (apparently too strongly) over the past couple weeks.
Macro's not looking good -
Trump losing to Biden in early stages
US CV cases going through the roof and touching all time highs (damn plonkers in US opening so early) - will get worse before it gets betters - the salient point here is that the market has been betting on the economy re-opening fast and a V recovery (how short sighted was that). It is now proven, tangible that this is not gonna be the case and the market will need to re-adjust to compensate
As a results job losses will only continue to head higher - as furlough schemes (similar) come to an end and employers are asked to take back more responsibility and in return simply cut head counts
Economic demand and production globally is slowing even faster than predicted - see IMF reports and World Bank. GDP shrinking faster than an ice cube in a pot of boiling water. Use your own brains to work out what that will do for oil !
Banks and financial institutions bearing up but already feeling pinch according to stress tests all over, phase 2 (IMO) after the virus is the financial fall-out - governments have been piling in money and printing till the printing presses are smouldering to keep the markets liquid, support employers and employees and keep their economies and stock markets bouyant - how long can that go on before some countries are looking at debt levels like we have never seen and how do they finance that.
US pulling back on some bank liquidity issues to help ease the burden - what does that signal ?
We havent even got started yet with what happens when government support is scaled back and mortgages start defaulting, loans default and peoples resources start to dry up - can the banks handle it, do governments have enough left in their coffers.
Its this last point that worries me most frankly, the phase 2 financial fall out. All this leads to what, demand destruction for oil and those debt laden companies will be possibly punished more than others.
Yes i agree a little doom and gloomy but its the way i see it - i am sure many will stamp on my hands but trying to get back to my old self, reasoned opinions and projections for those here that listen and i very much hope someone will assist me to balance and then lets say how overall we are weighted