RE: oil market18 Feb 2021 18:31
Yep, agreed Penguins.
I've little faith here myself and recently sold out (took ages to trade my losses out because there have been so few opportunities).
If things change I could be tempted back in, but not on the ramping going on in here.
I'd only buy for trading and on wider volatility and a narrower spread, with signs of some kind of future ahead.
I don't see signs of that now and am a lot less optimistic than I was even a year ago.
I have been a long time critic of the senior management, particularly Trousers.
When I started my business I was under pressure to borrow our initial capital.
I resisted and the business became profitable and self-funding within its' first 12 months (actually six).
The management here promised many things, including self-funding, and have completely failed to deliver.
They are now too embarrassed to issue any updates.
Anything they do say is viewed with suspicion because holders are 'wise' to what's going on now and how they operate.
:)