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Ooglefkugel.... it’s ironic you mention the POO as this was also a factor for me. To sell up and wait for a potential buy back... I think POO will fall back to $55 and that tullow has at least a month or two of trading potential... for me March is the red letter day that will make or break this company
Yep that’s right I sold the lot on Friday..... I am going to try and see if I can average down by buying back in cheaper. This SP has given me mood swings like I have never experienced in my life... one minute I believe this will hit £2 then the next I feel the company will go bust...
https://www.africaintelligence.com/aem/exploration--production/2020/01/21/january-27-a-date-set-in-stone-for-tullow_africa-oil_total,108390318-bre
Anyone know more about this ?
That’s the only way this will take off again ... poo has nothing to do with the SP of tullow anymore it’s to do with March figures and the new CEO appointment... until tullow can confirm and prove it’s medium to long term strategy / survival then this is a huge investment gamble. People like me have no option but to hope for a rise before we can break even
As I said before, the SP must be low 40’s for me to top up anymore... it’s the only way I can truly average down... if it goes up from here the goods news for me anyway so whatever..... as I am forced now to hold long term I do hope the SP tumbles to 1p for me to top up :-)) this of course will never happen but worth a dream :-)
For me to top up a penny more would need to see the SP in low 40’s.... not worth a moment of risk more than I am in at present... I would advise the same to all out there as the shorts are still active and waiting