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Talk is that Biden will reverse the corporate tax breaks that Trump implemented. I would hope he does this slowly, or after Covid. At the moment I don't think any economy can take shocks.

A friend was in California a couple fo years ago and though every one hated Trump they couldn't doubt that the economy was roaring (even if it was on borrowed money).

Anyway the Dow is reacting favourably so may drag oil with it.

I wish this was happening after TLW update next week. The SP is primed to rise but needs a favourable wind. We have barely registered a lot of recent POO rises. Today for instance POO up 0.7% on the day and we are down.

A triple top starting to form on the POO 1hr (13th, 15th and 20th). Does anyone care to make a prediction?

They'll be rolling down the hill toward you after their liquid lunches. Be merciful.

I think the markets are taking a breather/slightly on edge. A lot of talk of a bubble and obviously the US 'regime' change. Even Bitcoin has been relatively stable for the last four days. Things drifting but hopefully inauguration tomorrow will spark a positive note and the madness can continue.

That didn't let long. The barricades must have been up!

... on the rise. $53 WTI under attack.

SP starting to feather the 20 day MA. Over 38.5 and we might see some action. Dem me thoughts anyway. Twit-twoo!

India the same. Though it's 30 years since I went there. The SENSEX has doubled since the Covid crash while the FTSE hasn't even got to previous highs. India is a land of entrepreneurs. Once I've played this recovery I'll be looking for tracker funds over there. The Indian's will embrace stock and shares in a way the chinese perhaps might not.

I thought the big news today was China's economic recovery. I think there is far too much focus on what is going on in Europe and the States. I was in China about five years ago on a trip that went overland from the far west of the country to Shanghai. Passing through many places I'd never heard of. The amount of building going on in the cities was mind boggling, TRULY mind boggling. In the villages we stayed in guest housess where there was no glass in the windows and dirt floors. We warmed ourselves around wood fires that weren't even in fire places, just plopped in the middle of the kitchen floor. As the Chinese race to raise living standards energy consumption will grow and grow. Likewise so will the price of oil. I'd be surprised if there is enough oil in the world to sustain western style living globally and yet everyone wants it. The crunch will come. It's a question of when not if.

Interesting to see Pictet named as a bond holder. Do they have inside info on the RBL negotiation. Having closed some of their short, does that reveal that things are favourable to Tullow.

PFC could admit responsibility for not having the correct checks and processes in place to stop this kind of action with out being complicit in the 'bribe'. Kind of culpable but kind of not. That said I wish I had so much money sloshing around that I didn't notice the odd 30mill heading in the wrong direction. Bought in a bit more despite having been burnt on this share numerous times down from the heights of 900s. Some one burn my chq book please!

Share price now a seventh of where it was 4 years ago. Fuss or no fuss.

Looking back 132 looks like a support. Let's hope it doesn't crash thru this. Took a few :o)

Looks low volume so far today. Everyone sitting on their hands waiting for the POO to decide on which way the winds blowing. Up here it's a cold northernly with snow on the ground.

It seems good forward planning by the council. Maybe Capita made it look so easy they thought they'd do it themselves now!
Nice the see the SP consolidating, in to a different phase of action. Or indeed non-action. It might follow the FTSE's lead/sentiment for a while.

I thought one of the great things about this deal is that Zama might be developed by Premier/Harbour rather than sold. By all accounts it is world class with low extraction price. Before it had to be put on the market to save the company now maybe not so.

Hi all, I was a big PMO holder, relatively speaking of course ;), following it up from 55 (twice) and the big drop from the 110s. I cut my loses in the 16s and moved over to the dark side (tlw). I still avidly read this board (and dipped my toe in over the last few days again). I think it is a great board with brilliant (and funny) contributions. I wish everyone the best and I'm sure I'll invest here again. I've always found it difficult that the merger for Harbour is pretty much an IPO and yet neither party has really put a value on it. It is for the market to try to work it out. That has always frustrated me and really sums up TD and his vagaries. That said a year ago it felt Premier was really looking good until the Russian/SA spat and Covid. It could have been so different.

GLA

Yep on the 4hr the latest candle is full out of the downtrend by my reckoning. The previous 3 or 4 straddling it. Fingers crossed. I need to 46 to get the kid's ISAs back on track ; )

Got to dip your toe in to know you don't want to go in there : )

@Eats I wish you all the best too. It's very easy to retreat in to yourself when there is not much to do except worry. You are much valued here. We're all in the market (and CPI) betting on a recovery. There's every chance your own business will too. And your employees will understand the stress. Nearly a point up here today, are we finally off to 'heaven' on your chart from last week??

@AIM I'm seeing we are now just above the downtrend since the last 50's high. Holding on for a proper break out. I want your buy in!!