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Wish Dorothy get the Covid-19 than she might left the company and it share price go up.
Most iis never buy cheap stocks, they only ever buy in when it's recovered to the point of being slightly expensive. Hence why pension funds are so bad. The fact is that since Dec 9th the board of Tullow have not issued a single statement that would give a strong reason to buy into the company stock. However in reality we are only a few weeks on from "the purge" and I imagine the board agreed to say nothing until after the review is complete otherwise it risks making a mockery of the review itself.
its not question of a price where the ii's consider it safe - its s high risk investment, a company in freefall in the middle of a global pandemic crises without a capable CEO and serious re-structuring required. I would suggest most ii's are pulling money off the table at the moment, not putting it in - sorry to pour cold water on your comments but thats the reality of it.
BTW i am still in here and will sit it out for whats its worth before anyone jumps on my back as a deramper
Not if they think it could go bust. Which is I guess what people are beginning to price in.
quite a painful drop considering the size of the company ,there must be a price where the ii`s think it is safe to hop in and see a big profit
Apart from Macro conditions the lack of news flow is damaging IMO. The board must have reasons?
Not in favour of suspension but we will have nothing left by 12 March at this rate of decline.
I missed out on the initial collapse here a few months ago and really didnt expect to see the same happen again.
Bitten the bullet and in at 32.66p which in a few months time should see some decent profit, sit and wait this out now.
That's what I really don't get, Tullow was it a far worse positon a few years ago and its share price held at reasonable levels. What has happened since December is inexplicably extreme. The share performance is worse than if they'd arrested all the board for financial crime and announced that the accounts were totally made up.
even if that happened it would only take us to 45p,this is what it has come to,atb.
The 12% man must be still buying so lets hope we see a major turn to blue in a few weeks .... a couple of good RNSs' would be a help.... imo
Even during the oil collapse this didn’t happen.. definitely being manipulated, only question is who is the main winner in this operation... no more holding rns’s as well...the jump when the shorts get closed could be spectacular, I think we could see a 40% jump in one session
Companies don't collapse because their shares get pushed down.
"Shorters don't make anything pushing it to zero, they are pushing it down to make big on a timed reversal."
On the contrary Romeike,
If the company collapses and the shares are delisted, then they have zero value. The shorters would then only have to pay the small charge for borrowing the shares. They do not have to return the zero valued shares and would be laughing all the way to the bank.
Cant believe the movement in here the last few days,there will be a hell if a bounce when everything settles.unfortunatly i think thats a week or 2 away but my money is sitting waiting on the turnaround.
Shorters don't make anything pushing it to zero, they are pushing it down to make big on a timed reversal.
Shorters are intent on finishing this company now
Looks like the increased shorts are being put to work. I wonder if they will be coordinating the reversal so they all get to cash in on the upside as well.
BOD have put us in this position. Sacked CEO and then left info vacuum . Bet shorters cant believe their luck. Corporate negligence
Really taking a pounding now, it’s relentless. With the exception of Thomas Cook (which I was also shafted on) I don’t think I’ve seen such a prolonged and vicious downturn.