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If the RI is announced at say 30p, will the SP zoom up to 30p?
Fingers crossed Emerald
Talking boats (not boasting it's been a long time dream and mega effort to get there) - I have purchased a Narrowboat, cruising my way from Northampton all the way up to Skipton over the next six weeks or so. Slightly daunting at the moment tbh, surrounded by piles of stuff to take onboard! I will be doing my bit for PMO burning diesel, all be it at 2mph!
Looking fwd to tomorrow, have been a tad worried last few weeks about my last punt - a fair big lump I bought @ 52p.
Well played ferret, congrats
bounce back to 50p tomorrow
It is just panic pants spooking and selling
POO is flying again!
IMHO!
Pubs open, normallity returning, people on the move, housings transactions happening, people shopping, brent $45, pmo back 54+
IMHO
I agree Tarth, could jump up later, ftse dithering
Open 55 makes sense to me with +2% brent movement from yesterdays close.
The thing is though there seems to be underlying 'ratchet' with the PMO sp, beyond the brent uplift, an undelying gradual corretion nothwards. Possibly because PIs are not so much day trading and in for the long haul here. I was doing the in and out thing but I think I might not bother now, considering the ratchet, and let it ride now into the preducted 2021 much higher oil prices.
IMHO
No tin hats today, sun forecast, time for the 1 meter brim sombreros..
or should that be 4300 cents, ah well!
Your captian 'Brent' speaking. Applogies for the turbulance, please fasten your seatbelts we are increasing altitude rapidly, above 41,000 cents and beyond. Once we reach 43,000 cents, the topless air stewardesses will be around serving champage, enjoy the flight!
by look of it, recent hitory shows when oil (brent) moves from 39 to 43 this will add 12 to 15% to the PMO sp.
Notably PMO has not dropped to previous SP at 39 brent.
Therefore ! when brent back to 43 this will take PMO to 60p
Simples
back in earlier at 52.2
looking good from here..
hi burnwell, gosh that post on monday night seems along way back now, but thanks for the credit.
Even though I said 50s on Friday I actually bailed from PMO at 48p ish, mid week , thinking there was going to be another dip, remarkably there was.
I then ploughed into Tullow at 34p, expecting a catchup with PMO, but watched with a heavy heart as it dipped. Today I dumped TLW at 34.4, made nothing really and wished I had stayed in PMO, or jumped back into the dip, although I would have sold again on todays rise.
I know nothing more than most here, just trying to second guess and get out and in at the right-ish times and it could well be those that just hand in there wll do better.
All I am doing at the moment is watch the FTSE and POO, and try and see when any rally is loosing steam and dump. Just basic and based on the faith that PMO will keep trending up so not too risky.
If I were to guess Moday I think a drop for TLW and PMO, 2%. Then a PMO rally wednesday to for PMO to 55p+, TLW 36p but TLW iseems very unpredicatble.
It seems the human optimism vs gloom swingometer is having the greatest affect on everyting, as no one really knows how things are going to pan out, revovery inevitable but how long will it take and who will survive. Nothing really that all here no already but I enjoyed writing it ! :)
dabbler
could well be a boost, US stocks I follow kept climbing in after hours trading.
My amazon shares (all 4 of them) just keep on rising.
PMO and TLW seem pretty to be standing strong today, despite Brent being weaker - a good sign.
lack of direction today, even for pilots !
https://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-53076806
Is Brent just following the FTSE or the other way around?
i am only kidding dbno, some of the outrageous froth here is kinda fun , i think the average bod can see wishfull hopes in both directions, and wish all luck with ya trades
i am no expert, but to monitor oil, generally, a dip stick is usually involved?