Member Info for marfthew

I’m sorry has anyone seen that Brent is currently down 22%? Does anyone question how the S&P is at the same level right now as this time last year and that there’s not something pretty wrong with that? I certainly don’t see the same World around me, there is so much pain to come.

Good luck with your short, it’s a smart move in my opinion. Doesn’t matter what cash Genel has if oil keeps going this way, which it will for some time to come, then factor in the indexes replicating what’s actually going on in the World.

Genel has gaps to fill down below, from a technical stance I see them all being filled over the next 3mths and a re test of the low.

Scoutt,

I totally agree, with what the FT are saying. Also most people on here seem to be ignoring the obvious technicals, a 50% retracement from a very over sold position is very normal before a stock falls again, even more telling is the huge gap it’s left down below which will clearly get filled at some point in the coming weeks. You can look back on the daily charts for Shell over the past 20 years and it’s never left a gap like that without filling it first.
I bought in last week at a very oversold position and made some good money here but I’m out again now and will wait for the next leg down.

Trump is talking rubbish and the Saudis is t sing to his tune yet, Whiting Petroleum one of the big shake players filed for bankruptcy yesterday and there will be many more to come now, Saudis will keep at this for some more time to come.

Jasondad, depends what you invest in, some stocks over there haven’t participated in that bull run and are at all time lows right now and have also held up pretty well yesterday given what’s going on. Again happier with my money in these as of now than sat in this. I will be a quicker route to me recouping my loss on this. This is going to the 80-90p range

Michaelwood47, perhaps but I just feel I can recoup my money faster elsewhere right now and happier with where my money is as of today even if I took a slight hit on this. May look at this again in the 90p range, I just have a feeling that’s where the selling may stop on this

Rxdav, I got out Friday and glad I did, took a loss but put my money to work on some stocks in the States I’ve had my eyes on for some time now which have taken a good old thumping the pst few weeks, particularly Friday when I snapped them up. Feel I’ll get the money back far quicker than sitting on this any longer, you win some and lose some and this was definitely a lose. Good luck holding

Another new all time low, selling into any rise that is relentless and doesn’t seem to stop. Nothing from the BOD and still some time yet until earning which may stop the rot, and I say may as if they mention anything about cutting the dividend or one bit of bad news this will drop another 20-30% from here. I invested on what I thought were good fundamentals and an oversold state. However the way the ceo and bod seem to regard shareholders and the stock price has left me feeling very negative now about this company and vulnerable to more drops to come. I’m starting to seriously think this will be a penny stock by earnings and this is worrying. Any rise from here even for a few percent and I’m out at a loss, but I have other stocks that I’m interested in where I know I’ll get my money back far quicker than holding this anymore. Good luck to everyone else that continues to hold

This is ridiculous now, good start and then whack. Another low coming today

Rxdav. Well look why lance left his fast food pizza role, amid questions about growth, then Saga take him on. Not the best decision ever. And from what I’ve seen of him so far, his incompetent comments about the share price and his lack of interest in it, to being totally quite whilst the stock takes a total shoeing with no end in sight. I agree the door and a big boot from behind on the way out is what’s needed

Rutts, unfortunately no one seems to be able to answer or obtain any information that may help in answering it, share price however just keeps sliding. I guess It could keep sliding until earnings as the BOD don’t seem willing to come out with anything. I’m starting to think now that this may test the £1 mark yet. It’s a real blot on my portfolio at the minute.

Mulder, how old is this? It doesn’t read like anything I’ve seen posted up here the past 8 weeks and since the huge drop? No offense but I find you post a lot of statements facts and figures from quite some time ago and not really that relevant to what’s going on right now. If this information from IR is since this drop happens then my apologies, but I’ve tried looking for it myself and can’t find this posted in that time frame.

Well it seems like no one has had any response from IR (if someone on this board has please let it be known and what theyou said?) the lack of any information from the company this past 2 months plus the CEOs comments last time around about his feeling towards what the share price does or doesn’t do show that as jamesroo said, there seems to be a disrespect towards shareholders right now. That needs to change and it can start with some information coming from them of note. I am going not o wrote directly to the CEO today and not just the generic IR email address, don’t expect any response but if it’s at least read that’s all I care about.

Or perhaps they should be a little bit more vocal about the positives going on and then maybe a bottom can be found here and a steady climb up started. Or would they rather let it become a penny stock before the next earnings?!

Perhaps a happy medium between the two would make most sense and is in line with how other successful companies do it. But the deathly silence for two months now with this going on isn’t on or logical

Ditto winorlose. I think I will also be writing a email this morning to them. The complete silence for 2 months with next to no BOD buys either whilst the stock just keeps tumbling is disgusting. Didn’t the CEO also use phrases along the lines of “I’m not interested in the share price and it’s up to the city to find fair value in it” I’m not sure of the exact phrase but it was something quite remarkable along those lines. Well the city certainly seem to be trying to find fair value right now!!!

Still another all time low just hit, whichever way you look at it

As you said, no one is making money selling here, it’s very odd. And not one single word out of the company. Also more worryingly no significant share purchases by any BOD members at these bargain basement prices. Come on Saga BOD give us some positive news not absolutely nothing with the stock going down and down with no recovery in sight. Sack the lot if it continues

Yep any rise is just being sold off and wiped out in a day or two right now. At a loss as to why the selling is still continuing or by who. Might just turn into a day trader stock for some time now, sitting between a range of 115-125. It’s clearly going to take some very meaningful news from the company to shift it upwards with any significance. By how much it’s over sold, RSIs etc or a technical rebound don’t seem to matter an ounce here.

Well the trend certainly isn't broken by the looks of it, that little run up just a head fake with the relentless selling resuming once more. Wish i'd never got involved in this one now, talk about waiting it out. My concern is if the stock market as a whole has a correction shortly (which is way overdue now), where will this be 80-90p or worse?? And not a peep out of the BOD all month with this non stop downward spiral going on, last week a director bought what 8-9k shares, brilliant!!!

yes not exactly betting the house on it

Very surprised that news didn’t do more to move the price in the last hour, maybe will have a positive effect in the morning