Member Info for ShrewdDude67

Foxy, read my post again lad.

"not expecting it to"

Market makers shaking out some weak holders. Hold onto your golden tickets.

Yup, I'm in too for 5000 shares. Will average down if she drops further but not expecting it to.

Superspecs, go gor it. Medium to long term you simply cannot go wrong. Yes it could bob around a bit in the very short term but Tullow is on it's way back to the ftse250 and £1+ within 3-6 months.

I agree. I meant that the market maker isn't a buyer in the normal sense. Or indeed a "seller".

"i think thats the point and the risk Pad. Ive been in and out of this 3 times now in 5 weekish and banked a fairly considerable sum. My initial intention was to sit for up to a year or so. Im now back in yday with that intention but if I see what I believe maybe a spike my intentions may change again. Its not my usual play but its been the right one for me as it stands"

Completely agree - my strategy also.

Poker, there isn't always a "buyer" for every seller. The market makers will act as a buffer and hold stock themselves in certain circumstances. And vice versa. This probably explains why sometimes the buys vs sells can appear distorted in relation to what the price has done.

Modestus, we don't like smart a*ses on this board. It's usually a friendly, helpful board so please help keep it that way if you plan on hanging around.

Yep, agree BTFAITH. I think Tullow is becoming more de-coupled from the oil situation, mainly due to the hedges in place this year and next.

New CEO has lots to get his teeth into. Looking good here and expecting shorts to buy back their positions in the short term. Another asset disposal and further strengthening of the balance sheet imminent too!

Great recovery play.

With the right RNS this could rocket back onto peoples radar again.

It really could burst back into life again with the right plan.

Shorters are attacking this with all their might.

Futile.

Or the morning plunge.

When it's revealed that anti-body testing accuracy is not within acceptable limits.

Looks like shorters desperately trying to hang onto the narrative here.

Price action smells like an incoming bid.

Next support around 51.5p

There'll be a lot of people sweating here now.

Perhaps the penny has dropped about the anti-body test not accurate enough for primetime. That's what Chris Witty said yesterday.

Wolves, you sound a little agitated. Wonder why?

This looks like it's run out of puff. Time to bank profits and wait for the fall.

Seems to me a takeover bid for Tullow is being prepared in the background hence the buying despite cheaper than chips oil price.

Total, CNOOC Sammy or Adrian Heavey. Take your pick. Could even end up in a bidding war for Tullows crown jewels.