RE: Sentiment and rationality8 Jan 2026 13:27
"I would appricaite if you can share ur upside stradegy with ur tech knowledge."
For the moment Tunch the SP is in decline i.e. a down-trend. That's been entrenched from the peak around June 2024 (SP 332ish) to April 2025 (SP 146ish). Blair has sold something like 14 million shares (from memory; could be more) and who knows whether he's finished selling or not. So far, his sells (Oct 2024 and Mar 2025) have been astute as the SP has dropped from 285 to 146 after the two Blair sells I can remember (8million in Oct 2024 and 6million at end of Mar 2025). Worth noting we saw 146 in May 2025 so we've been that before. Since May 2025, there was a decent recovery in SP to 245ish (retail thought 360 was a reasonable target price and held their shares tight). In my view with O&G prices on the back foot, there's no reason to believe the trend will spin on a penny and shoot for the stars anytime soon (although it's not impossible, it's a long shot and I don't thing there is a rush to buy here). Until we see evidence of a trend change, I'm not going to concern myself with dreaming of the upside (to infinity and beyond and all that tosh can wait). I'm more interested in getting a good add price and a strong dividend stream in the future.
Areas to watch for buyers might be 180ish, 167ish (we might see a bounce around there; but in my view it will most likely be a swing trade before a continuation of the downside.
I don't want to set myself up as some sort of wizard, these are just my thoughts. Most of the time I do trade what I say on the boards.