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Mylord - sorry but it felt quite a generalised chat, not cross ramping other shares. In essence we are here invested in a beaten down company, it is a good contrast to think of those that are riding the market wave. Why are we being contrarian? Is CPI a good company with a bright future? Are other dreaming? A lot of these BB are focused on contrarian bets. It good once in a while to shift focus. I'll stick to CPI for a few days. Promise. ;)
GL

For the time being the central banks are printing money like crazy so might keep the wolf from the door. Like you say market is so forward looking. Marstons has hardly been touched by this second lockdown but I guess as long as it doesn't go bust it is good value. CPI - I think we'll rise in to the update on the 14th. Getting in to the 50s will be a big moment, the third time of asking.

Tesla up another 6.8% today. The SP graph is looking exponential!

@K0
I saw that observation about Tesla worth in the Guardian yesterday. The other I've heard is that Tesla is worth more than all the other car companies in the world put together. And yet you barely see them on the roads (in the UK at least). The total market cap is 760billion! Bonkers. Look at some of the EV/Hydrogen stocks like Fuelcell they are up crazy amounts too. It does make you think. Here's my two penneth worth. The bubble is .com and ESG.

Looking at its share price Tesla lost a third of its value over 5 days at the beginning of September. Did it impact the greater market? Not really. The FTSE lost under 100 points in that same time.

I think the problem is the banks printing money. The outcome of this is meant to be inflation. However it is not inflation on the ground in your shopping basket, it has moved, it is inflation in the stock market, and it's sticking there. This printed money is not trickling down to the hands of consumers or the poor it is staying in the market and it is likely to stay there as the rich can't spend it all.

I think the bubble will burst but where can the money ultimately go. Back in the market.

That said it is in the back of my mind. I've been caught in one company that went to the wall a good few years ago and lost everything in invested in it. There was no stock to hang on to for better times. It went to zero.

I'd be keen to hear more of your thoughts.

( BTW I think Amazon really is a market leader so it will survive any drop and come back.)

@daragh. I agree. This share is unfortunately carrying around a bad smell. I am in too deep and can't bring myself to put in more. It's probably a case with a lot of us. The POO has gone up 10% since November and the SP hasn't budged, in fact retreated a little. It needs a big change in sentiment. Proper news. I'm holding out for that. As I said yesterday there is not much for shorts to feel queasy about at the moment, maybe another 10% on oil might do it, but I've been thinking that for a while now!

today

I meant - BUT I think we'll be waiting for another day or so given the market is taking a breather after yesterday. More likely to hit the 37s than the 40s ;)

I'm no expert chartist but on the 4h it looks as if it can get above 40.3 and hold then we might be in with a shot of breaking out today. I think we'll be waiting for another day or so given the market is taking a breather after yesterday. I've added to an already too heavy load!

I for one am getting spooked.

You've got to wonder how risky it is to be short in TLW. SP is not reflecting oil price. Can the shorts lose? The experience of PMO suggests they can't when they have a tight grip.

9th Jun - POO 39.7$ - SP 40.7
25th Nov - POO 45.5$ - SP 36.9
6th Jan - POO 50.7$ - SP 32.2

Is it risk off, better opportunities, the move to green agenda, or one look at the share SP over the last two years indicating the company is in poor health and in a long term down trend. Does the level of shorts flag up the troubles and put investors off. Some one a few days ago wrote about tailwinds and headwinds. The drilling campaign must be the biggest potential game changer. The dusters late last year did for TLW, it needs some very good news to turn this around. Fingers crossed for Suriname.

I thought it went in to auction around 4.20

They are leaving it late.

If POO behaves.

@Eats Thanks for the analysis. A few points above that base would be a comfort! Can you arrange it please?!?!

@Scooper - thanks for the info. Hopefully the handbrake can come off now.

32p that's break even for me. if it keeps going it is truly going to test my dry January resolve.

And once one goes they will all go.

A bit more and the dominoes might start to fall. Need a good rise to spook the shorts.

Watching it on the minute is like watching a Battle Royale between the bulls and the bears - https://www.dailyfx.com/crude-oil

WTI just touched $49.95 getting close.
Often there is a sell off after the OPEC news. Can it be different this time?