RE: PMO/Oil Price are.19 Jun 2020 22:36
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 ! :)