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Hi Guys, I’m invested in Tullow, have been for over 18 months now and I’ve done very well because of this share. I don’t get some of the comments though today. If the shorters are exiting surely the share price should go up as they have to buy back their shares? The price drops because people sell their shares. They have ridden the rise and now they are taking profit. There is no great conspiracy here. Oil is down and profit taking is why Tullow is down today. Tomorrow if People buy shares, hold onto their shares because the oil price rises then Tullow goes up. Am I missing something?
The MM’s will have an order to fill for the Shorters, they will set a best price to fill it whether they drop it down to shake the tree or pump it up to gain shares.
The next few weeks up to 14th July will see very volatile days like these, the long term trend is going up, that all that matters.
At current POO Tullow are in a very positive territory, with in excess of $0.7Billion Cash available this year.
If you look at the CMD presentation from November, the graph shows anything over $65 POO, shareholders will get a return.
Remember prior to end of Dec-19, the company were set on $100 Million a year dividend payments. Whether it’s a Share Buy Back or a final dividend, we are due something for the year.
GL All
Could I be wrong? ..Could you be right? Could I be right?... Could you be wrong? Could they be wrong?... Is it a perfect market system and/or perfect market makers?? You bet yo a** they ain't. Can the MM's work in collusion with large hedges, dropping the sp as shorters release their load, God is that sort of dishonesty even possible?? Heaven knows! (pffft... is the sky blue?)
The U.S Fed statement yesterday at 2pm, (their time), affected their markets strongly... it's rippled over to us since the markets opened, hence FTSE 100 down all day, and for most of the day at that! PoO was stable'ish when the sp started to rock down into the 62's, and all in all, the shorters sole job is to pull back the sp, when and how is their game, and they'll use every wink 'n' smile to achieve this, because like us they're here to make money not lose it, despite whatever principles they claim to abide by!
So... Who's wrong, who's right, who knows... I'm on a horse and now i'm holding diamonds!
Exactly......this share has been to hell and back over the last year and a half. A 5% dip to the low 60's is hardly time to start panicking. I've held through much worse dips then this and it has always paid off. To me this one is no different and I'm still holding strong!
What do we reckon 5 or 10 % dip today?
Definitely not
Love the enthusiasm.......
Jeffery....I withdraw my apology from earlier in the week....don't trust your motivations in posting stuff like that. If you are down as you say why don't you sell now and buy back at 10% lower this afternoon.
Might get a dip today but regardless looking forward to a great bounce back next week. Federal holiday in USA today so I expect a large draw on fuel stockpiles in next weeks report/s.
Anton... I have a day job and I am not a trader and therefore am not informed enough to buy and sell back. You give me far too much credit on motivation (thanks) . I have only one to make back some of my losses... Given the small sell off yesterday I expected a dip and just wondered what others thought. I may top up today as have faith in tullow but likely I shall wait until Monday for a further drop. These boards are a little bit of fun and occasionally provide some credible insight... Sadly you won't get that from me
Your motivation is to “make back some losses” yet almost every post here is negative or towards negative. Is your day job to bash tullow by any chance?
Bash tullow...I like it.....when you have ridden the drop surely you can understand some skeptism!!! Lol. It all depends on people's timeframes. Mine is 1 - 2 years (ideallt less) but daily moves do niggle my emotions. ...hence why I could never trade. First time I have been accused of being a de-ramper :) One thing I will not do is keep telling people to buy...this is people's life savings for some and I have been caught out by listening to rampers in the past (maybe you are one). Tullow I hope will rise but there is always risk.
Never expected the SP to reach 58p this week. Over the past 18 months, the SP has shown pattern to always drop after a company update. The SP rises before the update and then drops. This is making my bald head even more smooth.
Don't know how much longer I can take the SP rollercoaster. But I am holding on.
What annoys me is the overreaction to negative news when the oil price is still over $72. At this price Tullow is still making loads a money.
Tbh I find the stock very resilient considering the FTSE is down 80 points, (as I type), and the shorters will attack on any weakness of PoO, albeit we're still in the 72-74 range... lot's of volume!... all bodes well to me, and we'll be riding upwards again very soon... so rub some coconut oil on that bald head Sam, and soon you'll be doing ads for head & shoulders!