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Alfamale... I owe you an apology.. You were absolutely correct last night to say that 123 is resistance low level. I am so pleased to see that you were right, although I cannot explain how Brent is at 80.70 and we are actually up to almost 125 ... Go figure

Pleebens... It’s not me who is emotional... the stock markets, Brent and PMO are... I wish I could guide the price upwards by just remaining calm... you rave when the sp goes up, but when it loses almost 20% in a week, then we should all sit here and laugh...

Alfamale... I hope you are right and we bounce off tomorrow from your 123 resistance level. That would mean a huge performance by PMO, if Brent stays under 80 or even just above it

Downbutnotout... The Dow has had an enormous rise all these months and years... I can’t begin to imagine what effect it will have on stock markets worldwide if suddenly the bubble burst...

Ningaloo... The FTSE is not the only index down... Asia was down 4%, Doe Jones has a very large drop yesterday and down heavily again today... Brent going from 86 to under 80 in a very short period of time... I wish our problems were linked to Theresa May only...

Alfamale... I hope you are right, but if you believe in 123 resistance low point or any other resistance level, you live on another planet, mate... The sp touched 121 today and with Brent at 79.88 as I speak to you, PMO and all other oil shares will do well to avoid another battering, unless of course Brent recovers between now and tomorrow. The weekend is needed here, like the bell at the end of a round is needed by a boxer who is on the ropes...

600 points down or over 2% on top of the steep drop yesterday and the FTSE is at its lowest for a year...

Brent just gone under 80 and stands at 79.98 as I write this... Wow! I didn’t expect this drop to happen so fast...

Krakenoil... Brent 81 and PMO 122 now...

At this time of the day yesterday, PMO was at 137 and it is now 123... Shares are now extremely cheap and hopefully due a rebound later today. I have seen my holding shrink 16% since the high of 147 last week. This is market movers at their best, but I hope you make money out of this very low sp. Good luck all and see you in a few weeks. Taking a break now.

Sadly, you could not have been more wrong and I was afraid we would go a lot lower in the short term. Brent and PMO and other oil shares have had a sensational rise in the last few weeks and months, whilst the FTSE is at its lowest for a year or so. We were due a pullback

Sauerkraut. You are totally right. resistance levels, trends, charts and fundamentals are all things of the past. Forget all that and trade according to market sentiment, FTSE and DJI, Brent and WTI etc.

downbutnotout... I give it to you. You predicted Brent at 82 ans sp at 127 yesterday. But you had been too conservative, as now Brent is 81 and sp 124...

81.20 now... what is going on?

Down to 126 now and although it recovered from 123 at the opening, it is still 5% down. I was expecting worse tbh. May recover later today, provided data at 4 pm is not bad

Krakenoil... “Oil rising nicely”... ?!? It is at 82.0 as I write this. It has recovered from 81.35 overnight, but dropped from 85 this time yesterday...

Ningaloo... PMO does not follow logic and I think we all know that. SP is a huge bargain at these levels, but I would not be so sure that we are not going to drop further, short term. Brent at 82 is still a whisker away from many years’ highs and it went from 30 to 82 in no time.

TheCashFerret... “Brent holding up well so far”. What?!? It was 85 yesterday morning and now it is down to 81... May recover to high 82s today, but still a long way offbeat it was 24 hrs ago. PMO was unchanged yesterday and reacted very strongly, so let’s hope the same can be said today

Auson... thanks for your advice. I always follow my research and gut feeling. I don’t listen to others. I bought at 180 5 years ago and held all the way, even when the sp crashed to only 19p. PMO has super fundamentals, but it is the most frustrating and odd share to trade. Debt is of huge concern, but we are on the right path

Givemethelowdown.... True. But I remember when you needed 4 times PMO sp to make one TLW. Now you need less than two. PMO has done very well and TLW has stalled