RE: Shorter16 Sep 2021 13:42
Not sure I buy your explanation, as if we're merely tracking oil we should be way up already, as oil is the highest it's been for years. So why did we drop from 65p to 40p when oil was flying. Plus earlier today we were down while oil was up very slightly. Then if we take oil as I type, down 0.19%, yet Tullow is down 3%. Really doesn't add up. I can understand there is some profit taking as we're up 20% in a week, which for a short term trader is a very good return.
As to the lack of potential news this year, don't buy that either. We will definitely get some further news on Kenya this year and Kenya is a game changer. Most of the big shorts are already suffering big losses and if I were short I'd be seriously concerned about a Kenya RNS dropping before I close.
I honestly believe there is market manipulation, some of it legal and some of it not. There have been countless cases of it over the years and you don't have to look hard to find examples.