Post by
Vinnie3 on Jan 08, 2021 9:03pm
price paradox, oil up , oil stocks down , except for ??
Experts around the world are cracking the mysterious paradox of very much higher oil prices today, a position dow jones, no bad news on any oil company, restraint by producers.
almost all oil companies down.
Lets look first at the HOU consolidted stock index, it was positive.
Well what happened is that they shorted most oil stocks to keep down the price of their purchasings in the sector. Very rich, very sophisticated. Its also easy. Which company was it anyone know?
Notice the volumes to keep price down where way above average volumes. This higher volume usually correlates with news but there was no news today. There was only big money shorting all oil stocks.
Alternatively,the theory of algorythms all thinking the same way is to be discarded, algos are all very different.Today all oil companies were shorted., it is not a coincidence or algos thinking alike.
No worries, hang tight , they are now elsewhere.
Comment by
Dogsbreakfast4U on Jan 08, 2021 9:20pm
My shares of Obsidian were way up today!