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Nope, just anyone who knows how to trade and can read T.A (I doubt you fall in that catagory) could see the resistance was 145 as I stated in my message yesterday as my target. Don’t be sour. I did buy back in at 141.3 which I could have done better ;-)

Well my sell was triggered at 145 this morning and I got back in at 141. £2k for that swing, don’t know why I bother zebbo eh. ;-)

I do agree gusher, today we have been rinsed repeatedly but this looked more like it was the MMS. As we all know when Pmo sets off she sets off so sit tight.

Apologies, LSE glitching again

Like I said mm’s have been desperate for shares all day today. Oil is heading for $60 and this is worth 30p minimum at them levels. We are churning some serious money out right now and it’s all effectively tax free for the first year or so while we chew through £4 B of tax credits. That will either decimate debt, kickstart a nice dividend to entice big investors or will be ploughed straight back into underpinning production levels. I see this at 30-40p range fairly easily this year if oil maintains $60

Like I said mm’s have been desperate for shares all day today. Oil is heading for $60 and this is worth 30p minimum at them levels. We are churning some serious money out right now and it’s all effectively tax free for the first year or so while we chew through £4 B of tax credits. That will either decimate debt, kickstart a nice dividend to entice big investors or will be ploughed straight back into underpinning production levels. I see this at 30-40p range fairly easily this year if oil maintains $60

Like I said mm’s have been desperate for shares all day today. Oil is heading for $60 and this is worth 30p minimum at them levels. We are churning some serious money out right now and it’s all effectively tax free for the first year or so while we chew through £4 B of tax credits. That will either decimate debt, kickstart a nice dividend to entice big investors or will be ploughed straight back into underpinning production levels. I see this at 30-40p range fairly easily this year if oil maintains $60

Like I said mm’s have been desperate for shares all day today. Oil is heading for $60 and this is worth 30p minimum at them levels. We are churning some serious money out right now and it’s all effectively tax free for the first year or so while we chew through £4 B of tax credits. That will either decimate debt, kickstart a nice dividend to entice big investors or will be ploughed straight back into underpinning production levels. I see this at 30-40p range fairly easily this year if oil maintains $60

Mms are being criminal here, pulling this back from 20p every time to 19.75 and then straight back up. Rinse and repeat. I think someone may be buying or covering a short.. I’m optimistic for a break out soon

Strange about today’s price action, big spread not looking for any buyers just sellers? Looks that way anyway, any thoughts?

Spread suggest they are looking for sellers not buyers though. Expect a bounce back

Obviously isn’t working. Mms treating this like oil dropped $3

I agree sk I’d welcome a ban on shorting. The only reason I have been is because I’m still recovering PMO losses from arcm, It’s not my ideal way of recovering loss’s though

Some poor buggers got caught on that spike! I tried shorting yesterday from 250 but it wouldn’t let me.

Zebbo, it really depends on what money your putting on the table as to wether it’s worth it for “a couple of penny’s here and there” if that couple of pennies can make £1k for a days ‘work’ it’s not a bad day for any portfolio.

MRAltruistic I did take the short from 157 all the way down to 134 so I can’t complain, I did catch the long same time as you opened yours but closed out far to early.
I think I will be knocking shorts on the head now anyway as the market in general looks to be ready for a rally!

I appreciate the kind words mate, all the best.

Hi MrAltruistic,

I stupidly sold at around 135 from the lows and went short again around 136 after I thought the markets looked like they were nervous over the new strain news.
I went long at 139.5 today and I will hold out for 145+ minimum now instead of trying to catch every swing, Technical analysis is still suggesting oversold and we could be due a nice bull run soon so it was very foolish of me trying to squeeze in a short.

I think your right with regards to the Dow Jones and a continued rally From here,
What are your thoughts on Barclays results and what to expect?

Your long should be looking in good shape and long may it continue, All the best mate.

Looks like I called that one wrong. Short closed at a loss, maybe this is heading for 145

It’s madness at $58 Brent you can buy pmo at 20p, madness

Standing by my 21p prediction by tommorrow

I see LSE censoring any post that speaks up against the lockdown agenda. Remember when there we lived in a world of freedom of speach? Next lockdown extension coming. Shorts on.