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https://www.youtube.com/watch?v=uAucR0LzI10
Making a big deal of the fact that HL and JP Morgan "have got current positions in 88 energy"
Valuing the company at $6 / share
Monday is going to be insane
"Chester, not unless the oil is siting under a layer of cobalt."
You do realise that in about 5 minutes someone is now going to post on Stockwits
"OMG THE OIL IS UNDER A LAYER OF COBALT AND WE ARE VALUED AT £5!!!!"
https://stockjunkies.ca/products/88-energy-logo-tee-1
Has to be done really
https://insiderfinancial.com/88-energy-eeenf-nickels-dimes-quarters-dollars/181219/
This is being quoted all over Stockwits. Utterly inaccurate reporting, and they are using a $60 / barrel price to estimate company value.
"We see EEENF as being valued at $.60 on the low-end and as high as $6 if you just go by management’s estimates. "
The ramp is fully in effect
An interesting view.
I posted "I'm mostly out" because I think it would be dishonest to do otherwise after saying for years that I'm fully invested here and would be in it to the end. I'd rather have someone post 'I'm out' than sell on the sly then deramp
cough, cough "phrontist"
You're a bit lmore than a bit late. That's at least the third time this has been posted here today :-)
Good luck to everyone. USA gapped down at start of trading but appears to be going to be going to close level. - Who knows where this is going but it's fun watching the ride play out
"Do you know what....I've had a scan through some of the comments and mixed in there are some very reasonable and intelligent posts and a lot of funny ones." Really? all I saw was a mass of raging peinises runing for the horizon - and I've been watching daily for a couple of weeks.
Stockwits is the reason I derisked today. My favouirite was the absolute truth that DW didn't resign, he retired as 88e is being bought by ConocoPhillips, thats why our offices are empty.
(that's not how M+As work)
It sounds like a bit of a daft thing to do but it can work. Set an exit price and a limit order at an odd number. A share spikes, it's natural for people for example to think'I'll get out at 5p. If you set your limit order for 4.99 your order gets triggered before the masses bail out.
The trick is to try and anticipate where the herd are going to bail and set a limit order slightly lower. Worked for me today, your milage may vary