OIL IS GIVING OUT - BOUT TO DROP HARD
Man Davies
Posts (4982)
I am not the only MEGA short seller planning to hit this at 9:30. If it is not below .20, at NOON, it will be SOON ENOUGH. ;)
You have 2 hours and 20 minutes to GTFO
Whoever is trying to bid up, know this. I could FLATTEN this in about 5 minutes. So, SAVE your $$$. ;)
Normally, I would not advertise what I am about to do. Not advertising for traders - advertising for the people using stimulating money to trade. ;)
ONE of MANY to follow. Hits at 9:30am:
Order Number VVM-3045
Account -* -**
Action Sell short
Symbol NE
Quantity 9,500,000
Order type Market
Duration Good Until Canceled
Trade date 06/07/2020 12:50PM
Order status Open
As you are seeing in real time, oil is on VERY shaky ground. Here are the facts that pumpers dont want you to hear:
https://oilprice.com/Energy/Crude-Oil/Global-Oil-Demand-To-Fall-To-Levels-Not-Seen-Since-2014.html
https://oilprice.com/Energy/Crude-Oil/US-Shale-Production-Wont-Bounce-Back-Until-2021.html
https://oilprice.com/Energy/Crude-Oil/Offshore-Oil-Is-On-The-Brink-Of-Collapse.html
https://oilprice.com/Energy/Crude-Oil/The-Oil-Storage-Crisis-Is-Far-From-Over.html
Coupled with the $750M shelf filing, by Noble. Things are not as ROSY as pumpers make out:
-2 B I L L I O N new shares
https://www.sec.gov/Archives/edgar/data/1458891/000119312520043132/d891440dposasr.htm
Another fake start..COVID will end this lil boom, quickly
A second Covid-19 wave hits:
https://www.kpbs.org/news/2020/jun/06/coronavirus-san-diego-live-updates-covid-19/
Now, I want to present FACT to oppose the observation that demand exceeds supply (it doesnt):
https://www.rigzone.com/news/oil_demand_expected_to_fall_115_percent-01-jun-2020-162248-article/
Seems the people holding are CONTENT with cajoling new Bagholders into believing this will skyrocket, when ALL THE FACTS point to the OPPOSITE direction.
CASE IN POINT:
$750,000,000 on the shelf
https://www.sec.gov/Archives/edgar/data/1458891/000119312520043132/d891440dposasr.htm
2 BILLION new shares