Odey and Pictet......2 Jun 2021 10:21
Don't get me wrong, I don't for a second believe that they have special inside knowledge of some impending doom and I strongly believe Tullow is going over £1, however I can't help wondering why they aren't reducing. It's pretty clear to even the likes of me that Tullow is not going bust unless there is a totally unpredictable event, so we have the same odds of this happening as pretty much every other share. It's plain as day to see that they're losing a lot of money on their shorts and yet they just stubbornly persist, ignoring any dips where they could cut their losses. I really thought these big players were not the same as PI's, however seems the Gods may just be mere mortals. Sometimes too proud to admit defeat or in complete denial that things have gone in totally the opposite direction than predicted. Could of course also be that they just don't care as it's their clients money?