nen is the next mad, page-55

Hows that corrupt? Isn't the entire purpose of having a market that buyers can buy and sellers can sell ?

For every seller there has been a buyer. The SP isn't going backwards like most stocks at the moment. In the current market merely holding ground is beating the market.

The tide has been going out for quick a few weeks now but it might be almost there. NENs announcements had to be released when they happened but the timing resulted in little in the way of immediate gains. Lets consider the factors in play with regard to NEN:

EOF Sales - AU holders selling stocks where they are sitting on a loss in order to offset the capital gains liabilities. This ends this week so selling presure across the board should be reduced. In fact some of the funds from this selling will need a new home so should increase buying in some stocks in coming weeks.

The yanks are on their summer holidays. The "sell in May and go away" will soon turn into "okay, I'm back. What opportunities are there".

Europe has sent the market into a risk-off phase .... again. The market spuradically loses interest in this and the Germans slowly (glacially) give an extra few inches.

POO has been pushed down. some would say thats very conveniant given a US election is coming up in a few months. The Saudis have been over producing, presumable to cashion the impact of oil sanctions on Iran due to start in coming weeks. Oversupply in the short term should disappear and thus POO should bounce back towards $100. Post election when tentions with Iran are expected to hot up, who knows.

The market is influenced so so many different factors but in the short to medium term one can see some of them moving in favour of higher prices for companies like NEN. There are no guarantees but whether its weeks or months, my money is on oil producers like NEN.


This is exagerating the overall risk off market conditions which has also impacted POO. Oil sanctions also start in coming weeks and the yanks summer holidays