Member Info for shamI89

Trump has always been able to bring the price down whenever he wants to and if it was not for this war price of oil would be trading in $60s.If Iran war had dragged on oil would be trading above $100, there is no doubt about that.Price of oil is heading for $60 or even lower if Iran gets to sell its oil in international market.It happened last time,I cant see why would it happen this time.

Well let them sign deal and we will sew.Oil hit $78 this week.UAE is no longer part of Opec.This war was one of worst oil crisis and despite this price of oil stayed around $100.Trump would want to take it below pre-war level and he has been able to do it in the past, I cant see why cant he do it now.

War has affected company but we dont know to what extent and all these cash-building measurements have been taken to soften that blow.This update would clarify a lot of things.If Iran deal goes through then it has potential to take the price of oil back to $50/60 as it did After JCPOA.

Would use these of tactics to accumulate as many shares as they can.Friday is dead day trading wise and it is really easy to manipulate share price.Lets see how it goes from here but I am expecting 248/250 close.

I guess we have not got long to find out.It is going towards 3 by end of month by the looks of it

This is 3 day we are having that 2m trade.Share price is being manipulated to fill that order.

Before Update, some of them are sitting on heavy profits.All these cash-preservation measurements are either CEO activing proactively to absorb inflation caused due to Middle east war or he is anticipating a weak half.If things are bad than shorts can always open a short after update, however if it is one off then there will be a rerate and shorts would have to close their shorts at a higher price.

We see a dip and price starts rising around 12 followed by massive UT trade

On really good profits and I suspect volume is being used to manipulate to close their shorts.Price action over the last two days has been interesting to say the least.

Manipulate share price.Most of shorters are sitting on big profits and dont think they would keep them open.But update would clarify a lot of things.

Slowly unless they really need to like in the case of a take-over bid.Problem is quite a few bombed shares were in a similar situation like this one, where shorts have been burnt through unexpected take-over bid.Update would clarify a lot of things!

Middle east crisis is likely to hit this company so dont expect good results.It is all about market cash balance.If market has got in wrong then it would not surprise me if a "take-over bid" is being prepared.

At this price or shorters know something that private investers dont.We will only find out once results are out.

@Icecool if you talking to me then let me tell you that I am trying to make sense of things.I remember talking to you on Woods group BB, where for months you believed that company would be taken over at £65 and I predicted that correctly.Preserving cash should be everyone's priority.

Low inflation environment is perfect for this sort of company.High inflation would eat into profit margins, not only that you will have less mortgages and cost of building materials would go up too.It is either oversold or we are missing something.

Yes it is a gamble as dont think three or four months of high price of oil would cause liquidity issue.It will have to be an issue from before.It is company either taking precautionary apporoach to absorb inflationary shock or things are really bad.We will find out soon.

Few things, by the looks of price of oil would collapse if deal is signed off and Iran is allowed to sell its oil in international market.Price of oil went to $43 when Iran signed Jcpoa.Lets see how trump deals with Israel now!

Shorts would reduce at a slow pace as deal would take bit of time to conclude.Israel is trying to Sabotage deal as by the looks of it Trump would have to give them a shut up call to progress with deal.

At market's reaction, if deal goes through and Iranian oil hits the market it would result in price of oil hitting at least $60 even less.That should decrease inflationary pressure.

Company is desperate to raise money, it was not paying contractors on time and was trying to haggle with suppliers and now we have this.Oil market is being manipulated as you would be stupid to think that 20% of global supply is blocked and price of oil is going down.Trump has attacked Iran and we are in for another very long war.