IMO the start of next week will be very important for this share short term. Whatever direction the SP moves will set the tone on whether this week's dip was a momentary blip/manipulation before a rise back to 30s and beyond, or something more fundamentally discerning which could see us back to the low 20s. Its all to play for!
SHOULD be really strong at these levels, if we dip past 21 we're in trouble though...! Not a great day for investors here in the slightest, hindsight is a killer on days like today.
Committed to the hold though...! the upswing will hopefully be just as fast as the decline.
Exactly right, Thaiflyer1 "TLW was at circa 25p when oil was 20 dollars, oils doubled and look where we are."
Undervalued here and being manipulated heavily. The SP is now at the levels it was at back in May which should offer strong support for it not to drop any further. Sell today and you're likely to miss out on the rebound which in my opinion is due imminently. Hard to believe on days like today but I've seen it many times before.
Remind yourself why you invested in this share in the first place and ask yourself if that has changed.
To quote my old mate Mr. Buffet: "The stock market is a device for transferring money from the impatient to the patient."
Hopefully, this is a case of shares moving from the hands of the impatient/fickle into the hands of the real investors who know that days like today are mere blips in the long term.
More sticky shares in the accounts of holders who understand this share's potential will be good for us all in the future.
Yet Tullow is still down, and off the back of a relatively positive RNS too. Bad day today. Frustrating too when the price movement doesn't seem to reflect news.
If there is manipulation, let's hope its the kind where the price is being lowered in order for people to BUY rather than increase their gains on shorts!