MRM mma offshore limited

further short covering on 8% drop in oil???, page-8

  1. 19,436 Posts.
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    Being pumped up again. I suspect for more + million crossings? What happens then it's anyones guess. could head straight back into the toilet as it breached former 84c support with ease. One thing today demonstrates to me is this isnt an investment grade stock. I was going to pip trade a portion and hold it into successive rises but looks like it is 100% trading stock only.

    I smell a rat given the inability to hold a price and the poor rise yesterday relative to other oil sector companies. If management suddenly come out and say something that evidences there is a reason for the shorting and fall there is going to be a mass exodus from this company. Market says there is a nasty revelation on the cards for the retail end. Anyone know if UBS is selling now they have a buy recommendation? They have a history of dumping out complete holdings in companies while they are on a buy recommendation and then changing their sentiment to hold or sell.
 
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