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Deliberately being kept in this narrow trading range by the MM's in order to keep the price down for large orders that they have to fill, just like yesterday! Did you notice that the sells were accumulated all day yesterday and then just after market close there were some big sells. Shorts closing they need to buy your shares, don't sell people, Buy & Hold and GLA to all those LTA.
PS today is the last trading day of the month, typically the price will always drop in the PM, as FI's and ETF's sell to close our for profit, don't panic if this happens! Monday will be another large UP day.
Bugsy,
simple answer is corrupt MM's price manipulation. When the oil market is sideways, we loose 3-4% in a day, when oil drops by $1 we loose 10%, but when oil gains $1 nothing happens. However the volume has been very light for the last 2 weeks, we need the Finance to be signed off for the next big move upwards.
https://www.bloomberg.com/news/articles/2021-04-20/top-trader-vitol-sees-oil-demand-roaring-back?utm_source=google&utm_medium=bd&cmpId=google
oil to hit $70-75 in the third quarter this year.
Hold tight all. Don't sell
Oil is rising, the US markets are open, and TLW goes down, usually corrupt activity by the MM's yet again.
Trying to generate activity by lowering the price, TRY raising the price and see what activity you generate????
volume of trades are lowwwww, and the buys exceed the sales by a large margin. But still these Bast***d MM's walk the price down by 3%, total corruption. FCA, get off your hind legs and sort this rubbish out!
Better times to come
and the bloody MM's keep this price down here at the 50p range with the Bots trading 2, 5, 6 shares and manipulating the price down, its a joke!
Especially when the trading volume is over 1.2M buys above the sell.
It looks very promising, they are all talking about sustainability in the current market & climatic conditions, even Russia was agreeing. I think it will be more of the same for the next month.
Looks like it was, very much a Leaky ship!
Will the FCA get off its arse and sort this corrupt behaviour out?
GLA LTH,
And yet again Odey gets his timing SPOT ON, he increases his short again to 2.2% And then Oil drops by 5% the next day... And the MM's walk the share price down with bot activity all day.
NO insider information going on at all
Come on FCA get your arse in gear and sort this crap out!
I see that he has up'd his short to 2.20% now, increased by another 0.10% on the 23rd.
And there is no insider information going on behind our backs, no none,,,,,,,
Thank you Bugsy, very helpful.
I noticed on Monday that my buy from Barclays stockbroker trading account for my TLW buy trade of the exact figure of 41593 units appeared in the sell column on the live stream.
Not only are we playing the game blindfolded, but also I fear, we are not given the rules card!
Thanks Running man, so it literally is just the matching of final trades at close of market.
So on any given trading day for example if there were say 18M shares sold, and there are 12M shares bought, over the trading day, and the UT was 1M buy.
Does that indicate that there must be circa 5M shares held over by the brokers?
For the last 4 trading sessions there have been many millions more sells than buys.
However the UT does not reflect the difference, so the conclusion seems to be the brokers are banking shares ready for something!
Any thoughts?
Sandbar's short is currently standing @ 0.42%
Buys = 1.2M Sell = 2.4M
The Bots are at it again this morning
PGee,
The tabloid & financial media, is a whole other sack of cats.
Coolbeans,
I agree, but I guarantee he is on all the oil traders speed dial list ;)
Https://www.rigzone.com/news/wire/oil_prices_fall_amid_more_lockdowns-23-mar-2021-164968-article/
Please read the page it may help to understand why oil is performing like it is.
I have cut & pasted an excerpt below:-
A former Glencore Plc trader was charged by U.S. authorities with conspiracy to manipulate a key oil price benchmark, the latest sign that prosecutors around the world are stepping up their scrutiny of the notoriously opaque commodity trading industry.
I am sick of the way that the small PI’s are being shafted by the financial institutions and the blatant corruption that is endemic within the London Market. In the last 10 days we have seen that certain companies with shorts, call it spot on the day before Suriname drill results are released, and 2 days ago Odey increases his shorts and then we see the biggest oil price drop in the next 3 trading sessions. Now is this coincidence, good timing, luck, or insider trading information.
All I know is, and I quote from Peaky Blinders, “Big F***S Small!
When is the FCA going to get off their arse and look into what is being manipulated in our market, every day we see the bots walking the prices down with single digit trade volumes of 1 to 10 shares in the buy & sell columns, I ask you who the hell really buys or sells one share?
I say enough is enough, let’s see the FCA act, and put a stop to this corruption.
Brokers, MM’s, Financial institutions, ETF’s and fat cat money men, all collaborating to F***k the small PI’s
Investing in the U.K. is not about moving money from the impatient to the patient, it’s about moving money from the PI’s to the top 1%ers.
@ 47.83p, but is showed on the Monitor as a sell order? bit weird.
Still its all about the money! GLA LTH.
Youngy,
I reviewed your profile, and you joined the BB last April, have posted 83 comments (All on TLW, you do not get involved in any other stock), and all you have done is to berate anyone that is positive about the company. MY point is:- I always question people's motives, when the evidence suggests that they have an agenda! So I think that when PI's read you comments, they need to be wary of "what" you say, "why" you say it, and "when" you are saying it. I'm sure that we can all make up our own minds about TLW and its great turnaround performance, Thanks to Rahul, Les & the Team. GLA LTH.