'Market Sentiment'28 Apr 2019 02:24
" I enjoyed helping to turn around what I saw as unjustified negative sentiment" (Quoth Nigwit)
I've started a different thread regarding this, because with all the personal details and acrimony going on within the one from which I've lifted the above-quoted phrase is likely to get the attention of LSE's moderators when they get back to their desks.
But the other day I saw discussion about 'market sentiment' and was tempted to join in, but didn't.
The point being, unless one's talking about a real penny-ante sort of company, with a really serious percentage of shares being held by private investors or represented by spread-betting companies, the idea that stuff written on BB's like this can move a share price by any significant amount is quite absurd.
Mark my words, an outfit like Hurricane probably has someone watching all the BB's and media on a fulltime basis and reporting back anything seemingly amiss or putting an untrue negative slant on their business. Not someone on the staff payroll necessarilyl, just more likely a 'consultant' working from home, but with a hotline to the IR dept.
But the people who financed the FPSO, SURF, and so on, will have better things to do than look at BB's to see which way 'sentiment' is running. In fact those big investors (the real ones, not the traders) probably don't know what the word 'sentiment' means when it comes down to money matters.
It's a thing which PI's should try to cultivate, really, and that's to be unemotional about their investments. The old saying 'don't fall in love with the shares'.
That's a completely different thing from falling in love with the company and what they're doing. I'm not a homosexualist so have no ideas about giving Doctor Trice a kiss, but I'd dearly like to meet the man one of these days and shake his hand. And then talk some oilfield bulls**t with him and maybe some stuff about malt whisky as well. Because he and his company are doing outstanding stuff. IMHO.
MM's can move the SP (and 'sentiment') because that's what they're paid to do. Or pay themselves to do. Bigtime traders disguising themselves as 'investors' can do the same, and influence PI's via the media, BB's, and so on.
But 'market sentiment' ? That's moved by the prices of gold and oil, who's declared war on whom, which country has just been hit by a tsunami, and whether the US wheat crop has been good or bad. Etc.. And let's not mention the 'B' word, as regards the UK.
Any PI posting on these BB's who can claim to have influenced 'market sentiment' is either dreaming, or has a connection with those who can. In My Humble Opinion.
And anyway, anyone claiming to have done so via a BB must obviously have done so (by their own admission) through 'rampy' posts. And to my belief such posts, be they 'rampy' or 'derampy' are against the 'posting rules'. Or at least here on LSE.
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