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Bearish analysts have completely ignored past history. Oil...

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Bris Vegas

1,244 Posts.

17/04/15

12:09

Post #: 15105628
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Originally posted by Jezzy ↑

Fair enough Bris and Bubs - you may well be right. POO rise definitely had much to do with it. I think I'm just not used to AKK behaving this rationally (not for a long time), since POO has had plenty of rises (and dips) over past months and weeks, and AKK never responded to them. I think that's largely because it was being shorted and manipulated for a significant period by Nomura and Lanstead. Good to see those days are gone and we may see wome organic SP rise from here esp if POO continues to increase with time.

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Bearish analysts have completely ignored past history. Oil always rises 50-100% within a year of a price crash.

AKK gross margins have probably gone from close to zero to >50%. If oil hits $75 they are very profitable. At $100 oil AKK would be a river of (black) gold. That is enough to explain the rise.

DYOR

AKK Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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