What actually happened on Wednesday???? - Insider trading13 Nov 2020 12:24
What I don't understand is what actually happened this week.
PMO hardly moved on the news of the vaccine on MONDAY but oil moved sharply north.
PMO only moved on WEDENESDAY
The only thing I can think of is insider trading - the knowledge of deal progress in the RNS, big players in the know buying in, and players who know nothing getting in on the excitement.
Someone might have already said this, but looking back over the week the evidence is there.
(On a side note - I actually dumped all my 300k pmo shares yesterday on the dip for 17p, fear of further drop. I really did have the family silver in it and the temptation of getting it all back at break even was too tempting, after months of sitting on a huge worry. It took some effort with a mistake purchase at 50p in my rogue trading in my history)