Member Info for Stupmy

Well let's hope that's the case. There was a note from someone saying OCADO had finance for 2-3 years (3 I think). Does anyone have access to this. I'd say it was about 1-2 years ago it was published?

We're sat bang on what might be a good support at 167/168. Could do with seeing some buyers come in at this level. I have RSI around 28.

That sounds encouraging once again. Looks like retail is moving nicely in the right direction, just need the automation side of things to start to gain some traction.

Sorry Sangi, sloppy on my part.

Was that not the idea when Tim came back to the helm to guide the ship? That didn't work out too well.

Mmm, there's always something to rain our parade. Looks to me, from a TA perspective that we're off to 167 or lower at which point we can all jump up and down like weebles saying what a great buying opportunity it is!!

XOP ETF currently at 152/153. That's below my expected 155 area. It's currently sitting on the 200day eMA. That might act as dynamic support, but I have doubts. I would think it's going to 150-148 for starters (maybe 146). This is now out of hours for the UK market, but if it does keep to the downside, I don't think it bodes well for UK oilers in the short term.

My last post was removed. No swearing, insulting no-one, but it's been removed. What is wrong with this site.

How can they dump it that fast? Is this not just the paper vs real oil price problem, traders selling down paper on news they view as bearish on oil price, then SH's worrying about SP falls and selling into it?

"But the clearest demand zone (area where buyers might be sitting), looks to be 231-217. Will be very interesting to see what happens now bearing in mind the fundamental story is so strong."

We've entered that 'demand zone'. It's an area that has previously held buyers. I think that 222 or lower is now quite likely and often these things play out towards the bottom of the demand zone. Would not be at all surprised if VS suggestion of an incoming TR-1 is correct, but it's not the only thing coming off.

Is that what caused that little blip to the upside Sangi? Was it really 'just' released to the markets? I've been buying this morning, I'm guessing I'm averaging 180-181 at the moment

Impossible to know, no one can see into the future. We just have to do what it is that we do. I'm watching other things that are falling and reaching interesting levels, happy to move the money to one of those should they reach a level of interest.

"So why is the shareprice reacting so negatively. Third, the recent boost in oil prices must have had a positive effect on HBR debt, again, why the drop. "

KO posted a link on ENQ, which I posted here somewhere below. It makes sense that paper traders, particularly leveraged paper traders are in and out of the paper oil like the hokey pokey on news. The massive fluctations in oil and gas price futures spook the liquid market here (as in the actively traded part rather than the longer term holdings by insiders/instis) and so the price of the shares fluctuate, not based on the price of oil on the real market but based upon a relatively small float of actively traded shares (the hot money, often leveraged). Fingers crossed, the fundamental case makes this a very undervalued company and any significant falls from here start to look very unlikely to lose an investor money if they were to buy in. Obviously the closer you can get to the bottom the bigger your future potential profits and the lower your future potential losses, but I feel this is 2 markets, the real one based on substance and the 'flash' one based on active trading. It's hard to work between the two.

I've just sold 2 x 500,000 because I think there's a fair chance of that. Down to 19. I can't buy back above 19ish. I don't want to sit and watch my profits slide away.

Here's what I'm seeing in a bar chart format to make it easy to eyeball. IG markets

https://screenrec.com/share/gb4FVHXvjq

Might get another little dip, I think it's quite likely we'll see 185, but also likely that we'll some buyers in around there. Only time will tell and no-one can see into the future so you've got to go with your own methods.

Just at the moment NSS, you don't really want 'onwards' as we're going in the wrong direction.

Krono, where do you get your volumes. IG data suggests volumes are more or less consistent since Apr 9th. I certainly don't see any evidence of 'extremely low volumes'. Bonker I see at 240 the price is smack bang on the 200 day sma, which could act as dynamic support and 240 looks potentially like a strong support (I have 241 to 237ish, Mike sees 235). But the clearest demand zone (area where buyers might be sitting), looks to be 231-217. Will be very interesting to see what happens now bearing in mind the fundamental story is so strong.

Don't forget the selling pressure dan. If those that need to sell have a lot of exposure elsewhere and those markets are weak, or they have a priority to enter another market, that selling pressure could continue and we could drop further. ENQ has stayed stable (post transaction) while paper oil dropped. HBR has fallen with paper oil. I suspect the difference is that we have significant sellers.

"Must admit ive been taken aback by the speed and severity of this plummet - whatever happened to taking months to get things back to normal once the war ended?"

This posted by KO on ENQ seems likely to be correct to me. What would be more interesting would be the price being paid for real oil rather the paper oil free for all.

Https://x.com/i/broadcasts/1RKjppEVoYpJw