because people buy on announcement and sell once they realise they are not going up amymore hence its a sell fullfilling snow ball effect. Most traders cant afford the shoes they wear hence they sell. Look at the rest of the oil sector what it did today also. Be patient and hold it at least 6 months and see where it is then. I would bet my house it will be higher than these levels by at least 50-100%. Is that a good return for 6 months?
because people buy on announcement and sell once they realise...
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