Lol the shorters must be literally wetting themselves with excitement today. I am not mean spirited enough to deny them their last few moments of glory.
I see this as a great. Hopefully several other reputable institutions will take the lead from our Spanish friends and also decide to “average down”. Makes absolute sense and they’ll get a handsome return.
A definite vote of confidence in TLW’s future success. Hopefully only the start of similar reputable institutions joining the party. Shorters they’ll take your shares and give them a good home. No more puppy farms for the poor little mites.
Not going into rights or wrongs however11 Dec 2020 05:42
If we get a no deal Brexit the pound will drop, those companies who receive their income in foreign currencies will receive an earnings boost. This should benefit TLW (oil = dollars).
Wouldn’t be surprised if we had a repeat of yesterday with another hefty buy put through just after close. MM’s holding the bid below 33 to accommodate.