Member Info for Givingthelowdown

I think next daily candle for Brent is RED or best a doji, so sadly PMO wont see the benefits of 69 dollar due to bank holiday, I hope i'm wrong for the good holders here, as they need some cheer. keeping ma powder dry for forseeable...GLA

Bigsmoke, I was expecting (wrongly) a bounce on .618 , so naturally 19.5 /20 was target for top ups, I then was seeing if we could source a new uptrendline with the price action, once price action fell below 19p it ruled out the new trendline, in my view, I could be wrong, this could bounce beautifuly from here, but I just wont take the risk, its too much of a gamble, if it falls from here and is final wave down to form a head at 10-12p it will be sudden you will be in mid teens within hours, you will lhen have to wait until July for next trading announcement, where it will be a 50/50 .....

TECHNICALS.....Historic low of 12p in 2003.......16p could be left shoulder....we are below 0.78 retracement so decent 2nd rally looks unlikely IMO, steep trajectory of fall means next week is consolidation at best ...FUNDAMENTALS
company has huge debt, badly managed, could be going to the dogs.. I lost about 13% of my investment but I live to fight another day... GLA

Chartwise there is a lot more downside than upside IMO, its a very risky environment right now for investing in general

I bailed!

No way Sheltie 19.20 was your bottom, jumping the gun there sir

Im in good company then

NIce chance to buy the spike so ive waded in for some more

Im not getting in today, I think yesterday will have made the market very nervous, 82p doesn't look like a strong support level, so sell on rallies mentality, I can see Brent struggling to get over 68.8... and hitting 64 which would surely see this fall into 70's

Only down 3% on a day when the mainstream market was killing other stock, I fancy a bounce tomorrow and a nice rally for next week.

at 83p...mmmm.. bought 85/86 hoping for bounce...silly me

Interesting to see Brent tanking whilst pmo steadied, I think Brent will bounce up from 67 and it will be interesting to see how PMO reacts

US open make no difference, it will almost certainly be a gap down, but its already reflected in oil, ftse etc.

I just bought some more for 84.92....this is already the worst 1 day drop in last 2 years (in % terms) (didnt bother to go back any further)

Thanks DBNO, thats my signal to buy,, just topped up at 85.25

86p - 86.25p....needed to pinch myself first to see if it was real

is nothing compared with the amount of Pi's jumping on this bandwagon in the coming hours.....up we go

Finish today......

MarkWilliams...you nailed it look at DEB and CLLN.....companies can and do go bust frequently

Members, thank you for the advice, I try to day trade as going long on PMO for say more than a month would keep me awake at night in the current climate, the biggest worry for me is a global economic depression exarcebated by pointless tariffs and global warming, this is the bigger picture as I see it.....I dont think I am alone in this analysis