Member Info for hey_arnold

Odey is probs shorting this heavily to try and make up for his Tesla short. Hopefully in time they both blow up in his face

Other oil stocks are flying

Just to stop misinformation, here are the current shorts:
BlackRock Institutional Trust Company, National Association 1.04% 0.14% 4 Feb 2020
Key Group Holdings (Cayman), Ltd. 1.21% 0.22% 23 Jan 2020
ODEY ASSET MANAGEMENT LLP 0.87% 0.48% 23 Jan 2020
Total3.12%

Patience is most definitely difficult when you are down more than 10-20% ha

Its difficult to say this is being manipulated just because the price is going down. If there was actually any demand for it, then people would buy and support the price.

Hopefully they hedged the rest of their production when it was bullish before corona

The shorters are targeting 39p for sure. Defo the only thing that will stop this is Mr 11%. Given the oil price has fallen further, results will most likely be **** as well

Shorters.

We have got v unlucky with the coronavirus and it's so hard to sit patiently, but as everyone says, this will have a 10-20% jump the moment any good news comes

I find it crazy that the price doesnt even move when those trades go through

It just sentiment due to cornavirus. They are using it as a selling opportunity.

I think its the shorters, I dont believe its a distressed seller

The price literally does not budge even with those big trades going through.

The bid will be lower than £1

I feel like 39p is the shorters target now.

Bet there is going to be a brutal uncrossing trade as well :(

Coronavirus is obviously doing us no favours, but if you have a two year view and can keep topping up as it goes lower, you should be ok.....

I have been churning my holding as well. Buy in the afternoon and sell in the morning. Same as old fat prop. Risky business but hopefully pays off.

Wonder why they are negatively correlated?

Oil stocks now getting sold hence the fall, its nothing TLW specific. Guess you can all see that anyway.

Oil stocks moving up, still red but going in the right direction