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Well as said earlier, 83's been hit, shorts & GS achieved another good day of robbing PI's.
Another 1p or 2p taken down each day will leave SP under 80's by Friday, unless something dramatic changes that.
Zama could rescue it falling back, but cannot see this until December / January.
Quite a few buys, then 2 sells takes it back down. LOL
Saudi Aramco IPO unlikely to happen this year after oil attacks: sources
https://www.reuters.com/article/us-aramco-ipo-timing/saudi-aramco-ipo-unlikely-to-happen-this-year-after-oil-attacks-sources-idUSKBN1W91DA
So could be a while for them to plan oil to get to $80+.
As i thought before, think they will announce more cuts at the Dec OPEC meeting, ready for listing it mid next year. IMHO
That means there are a couple of months of getting back to normal, unless another attack. I can see oil slipping back to be honest, disappointing though it is.
Oil totally out of favour, whatever is happening in the news. Combined with GS increasing holdings, not a good sign overall.
Thought we were going to shake these shorts, off, but seems it will take more than a Saudi Attack and news we are selling Zama.
Absolute crazy market we are in.
Lets see if the SP is up or down by tonight. That will tell us whether Investors are making an impact. You have to have a good few to make some impact.
Of the last 5 days, SP has dropped 4 of them and only day up by 0.34, so since GS announced holdings, not been great.
I suspect we will be down again tonight, as they are on a roll again. Maybe hit 83 later and 80's by end of week, unless something dramatic changes.
Bladesman, have you any idea why Goldman Sachs keeps coming out with holding RNS's at time when SP is under pressure ?
Since their involvement, the stock on loan figure shot up from 8% to now over 24%. Someone needs to ask Goldman Sachs why, but guess you wont get an honest answer.
Otherwise I guess everyone invested here has just made a pretty bad stock selection decision and deflecting onto anyone they can other than themselves, as you suggest, if that's what you really believe :)
p.s. maybe this link (one of many) would help you understand what really goes on behind the scenes in the stock market, that most PI's may not understand how it works but to know it goes on.
https://www.fca.org.uk/news/press-releases/fca-fines-goldman-sachs-international-transaction-reporting-failures
Well, it looks like shorts are back on the share. Never takes long after a spike they leave it a few days for it to settle and then jump back on the back of it.
When will we finally lose these parasites, not yet is the answer.
Now a new name , Melqart Asset Management (UK) Ltd, now pushed into the +0.5% making total shorts above 0.5% up to 5.59%
Ideally need to see these closing to know they release some pressure on the SP, even though they have just pipped over this 0.5%.
Total "Count" :)
“May the fleas of a thousand camels invade the crotch of Trump the Count and may his arms be too short to scratch”
I see G.S. back on scene today and lately with new holdings, always seems their dirty paws around when SP under pressure.
Coincidence.........very much doubt it !
There lies the problem, shares just become pure gambling, black or red. At 11 00pm oil shot up to 65.38 and since then the market decided, we not having that, bring it back down.
Personally, think big fund managers have turned their fun to oil up and down as there is now big money taking oil back down ready for another rise.
I still don't get the big drop from just a few hours ago.
Maybe total coincidence again but Goldman Sachs had a Holdings RNS couple days ago, as did Morgan Stanley.
They always floating around at times like this.
Oil is eerily staying in a very tight range, waiting for it to ping either way quickly.
I don't think anyone can call which way this will go, unless it is just a pure stab. I don't think Iran will sit and lie down, so after a period of calm, they will be up to their tricks again....
Trump is losing a great deal of credibility and respect on the world stage, which is not a good attribute to have when you are running a country. There is more than just looking after your own country, when running one of the largest countries and powers in the world. What he does has a great impact on the global stage as we are seeing.
To go through as many staff that he himself hired, shows what bad judgement he has as both a person and running a company. Past performance is a clear indicator of future performance.
I mean you would not want to have a lodger, who was a mass murderer, or employ a salesperson, who has never hit target before, so to say you do not care what he did before is a touch naive I feel.
Anyway each to their own, just views and debates.
We will soon see how tough the Trump talk is now, all this "locked and loaded" is pathetic talk. He has tried to be the "big man" far too many times now, so this is the time he has to deal with it, or "shut the fu*k up" with his war mongering.
He is being pushed into a corner by Saudis wanting action and Iran on the other side and his own people trying to avoid another war.
My bet also is Trump who loves power and his "my army is the most powerful in the world" will end up back against the wall and retaliate at some point.
Don't you love the mess Trump has created, silly count he is.
And that's what I mean with oil and Sp. One minute all fine, couple bits of news takes it up, then when all looks good, drops $1 and just on this mornings part purchase, down £4k already. This oil so volatile.
You get the champagne, I will get the ice :)
You done well to sell at £1.25 last year, I held on a little too long and lost some big gains I could have had, hence don't want to make same mistake this time round.
1st target still around £106 to £107 and next around £1.20. Keeping everything crossed and the faith it reaches earlier than later. :) Cheers Beerbull.
sorry figure incorrect "chunk back around 86p yesterday (not 96p)
Hi Beerbull,
Sorry I did not reply yesterday, was out for most of day, i meant to say when luck plays its part, mine is all luck or unlucky, whichever way it plays. I am no shrewd investor as most on here, fundamentals go out the window for 90% of the time and outside events create the opportunities.
I came out of £400k as you know but left some in to see if PMO would have its big drop back down, so managed to catch a chunk back around 96p yesterday.
I also put back in around £200k around 10.00am this morning, not a great gain but happy PMO has held up a little as well.
Price Qty Sterling (for those on this BB that think its porkies)
88.5747 88,338 -78,649.30
88.4656 28,104 -24,999.63
88.5262 111,260 -98,999.67
Trouble is when i see it drop fast, got to try and protect the larger gains I have had, as in past lost some great gains.
I am still up a good amount overall, but the amount oil is up and down makes it very hard sometimes to keep it all in.
Trouble is I have followed PMO for a good while and know it has legs to get back to £1.50, but at same time, don't want to see it back to 60's and lose all my gains either. That's why i get really frustrated at times. Its like a casino out there, Trump creating much of the volatility.
Just to re-iterate from the other day, people on this BB that tell you which way its going is impossible, as to predict anything day to day I find, generally the markets can do the opposite.
Hows your doing Beerbull ? Good luck to you mate, hopefully we will be celebrating with the beer when it gets there.
It was interesting to note during all this that Saudi stated that they still wish to float Aramco within 12 months, which takes to next Sept 2020.
I suspect it is too early for them to start cutting production as per OPEC, as by the time they cut, US shale will increase and oil will be back down before their float.
I think they will start cutting larger on 5th December, at the next OPEC meeting meaning effects will be by say April, then they have the float between April and Sept next year. Their float timing will be crucial in all this.
Either way, we know their target will be $80+ within next 12 months and they will achieve it, hence they brought the new prince to oversee OPEC.
Add this to Zama sale and near to Tolmount online, next 12 months will be the best increases in last 4 years for PMO. IMHO
Very hard to trust anything they say in middle east....... i.e.
Iran - no worries we are not sending tanker to Syria to off load oil...... - yes pinocchio :)
Saudi - no we don't know where "Jamal Khashoggi" is, he left the building again - yes pinocchio :)
They have a history of lies and deceit ....sadly..... so you take what they say with pinch of salt.
Truth always comes out in the end though !
If it kicks off, then please, please, let it be during the week, so we can get some immediate benefits, rather than being over weekend.
Try a Monday afternoon, or just after a EIA build report...... inconsiderate Iranians ! LOL :)
And hopefully, now they did not do a brilliant long term job of damaging the infrastructure, can you do it properly next time, so its off for 3 to 6 months.
In fact would you mind doing Russia's oil tanks while you are at it .......Thank you ! Will buy you some new drones to replace the ones you lost as a favour :)