RE: Who is making millions from HUR13 Sep 2019 13:54
AdoubleUK
"Really? Maybe some shares do 'gather momentum', but in which direction? PMO is currently trading at 25% of what it was five years ago, and the only 'good news' was about 18 months ago, but it didn't last."
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Really? You would pick a point in time pre-downturn when oil was $98 a barrel to make this point. Hmm...strokes chin.
Picking a timescale like this is how politicians make up their 'stats'.
PMO is a volatile stock, highly leveraged by oil price, but with quite sizeable rises and drops simply because the winds is blowing a different direction. I.e. momentum up and momentum down.
Posters regularly cry foul, but again...sentiment and market dynamics. The stock is a traders dream if you play it right.