RE:People and their swings. 95% of trading volume is algos and HFT. Its so easy to predict I've been making a killing on predictable AOI swing trade...$560K in last 9 mths.
I actually caught the bottom a couple of times and sold near peak a few times but most of the time I miss by 10% or so.
I want to hold but the HFT patters are so obvious its too tempting to trade with majot FOMO though.
Esiiiii wrote:
People and banks really sell down the stock. First up 24% when the vastness ofmvenus was announced, then down the 20% again, so now were just up 4 % since the venus announcement, what I think people dont get is that the oil at venus is superb premium quality, i e if benchmarked probably selling at premium, what I think is that just this premium is worth more than entire market cap for AOIL, just for the 6,18 % in oil prices close to todays oil prices. Prime should be stable, the fields are big and quite stable, dont think there will be issues. I quess its just AOIL and normal swingtrades with elements of market manipulation.