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if Tullow was waving goodbye it would be announced here before some dodgy african comic printed such sh**te,atb.
Thrump
they do lend out our shares as it is another money stream for them,as wrong as it may seem, thats the way it works.
shorters borrow an amount of of shares from a broker and then sell them into the market at the current price hoping to buy them back at a cheaper price later and return them to the broker, banking the profit from original sell price to the buy price, the risk to them is if there is any change in sentiment to the stock which causes it to rise suddenly,ie,a takeover approach or an asset sale, then the price will rise quickly causing a short squeeze as they scramble to buy back stock quickly at a higher price than they sold the borrowed stock for,therby realising a loss of sold price against purchase price, the sooner they buy in these situations lessens their losses as the price could keep rising,atb.
yes, i see it now,cnbc not working correctly.HL showing true price, up 266% today, good spot cmuriu,we could do with a day like that here,atb.
sp is 9p,up 23p,how does that work?
the other day, what if they close the stock exchange? NYSE just announced they are closing trading floor and moving to electronic trading, how will this transpire here, and will it ease or cause more volatility? they need to put a blanket ban on all short selling as it is the only safe bet at the moment, nothing is safe from the scumbag parasites,atb.
Tullow averaging $44 a barrel,that is if i have got the hedging right at 60%of 75000bpd at $57,question,can they survive at these levels? i hope so, atb.
running this side show called tlw appoint a new CEO,it will probably be his or hers shortest time ever in a job, this is going t**ts up, along with all our investments in here,i have no faith in dorothy or any of the directors, atb.
as we are are fast approaching dinner time, the imminent news might be more bad news, what a moby, some pure shyte posted on here and unfortunately some people follow and believe it,atb.
somebody else might repeat the attacks on their facilities, it has got to be hurting other members who need much higher oil prices to balance their books, definitely a possibility, i don't think Trump would be too concerned either as it would cause a spike in price, hopefully it won't come to that and saudi see's sense and stops playing its games,atb.
what a load of boll**ks, any leak of any news would be big news and would spread quicker than covid 19,there would have been a reaction in SP if there was any credence to it, we certainly wouldn't be sitting at 8p,down 10% would we,atb.
onlyprofit,i am certainly not qualified or the one to give anybody advice, but what i can say is that i too averaged down while the sp dropped constantly, and all it ended causing was digging myself a deeper hole to climb out of as my loses became bigger, you could reduce your average by committing your 5k,but at the same time you would be putting another amount of cash at risk by doing so, lets hope for all our sakes this comes good someway down the line,atb and good luck,.
thank you, someone else seeing it as a positive from our current predicament,atb.
great to hear somebody talking common sense at last, lets hope dorothy takes note.
onlyprofit. i am also worried about my 62k invested in this company, it not how much you have invested in it that is the problem,it is all about your average, mine is 66.96p,i have 95570 shares, so i would feel much more at ease with these at 20p,if you had 30k invested at an average of 12p you would not be as worried would you?atb.
while we are sitting here at 9p,that is most welcome,atb.
ffs sell something quick,even if it is way below value, buy us some time to ride this extraordinary state of affairs out, oil under $28 = no way we can make interest payments on our debt,atb.
coronavirus impacts the stock exchanges and forces them to shut down? it is certainly a possibility.
sorry to hear that, i know we are not alone here and there are are probably people in even worse positions, that said,i am now at the stage where i refuse to throw any more money at these at any price, for me i am done with it, the way this has crashed from late last year caught many out, good luck,atb.
ha i need 66.96p, i only stand to lose £62k when this sh*te goes to zero, then every t*at shorter will profit 100% on whatever stock they have borrowed, we PI's, little fish in big ocean don't stand a chance,atb.