By ShareProphets | Tuesday 4 August 2015
You will remember that the market abuser Chris Oil claims to have a better investment record than Warren Buffett (HERE) and that he targets a gain of 100% every time he trades (see the video here), so what on earth is happening to his big positions. It seems as if Britain’s Buffett is having a bad couple of weeks at the office.
Just the other day Oil invested £750,000 in a placing my MX Oil at 4.25p – the shares are now 3.2p to sell – that is a 22 day loss of just under 25%. But that is his best performer. Shares in New World Oil & Gas where he still owns c4% of the company have tanked from a placing price of 0.09p to just 0.05p to sell ( net cash is 0.065p per share) so is there a forced seller?
Meanwhile at Sefton Resources where Mr Oil and Dan Levi paid c 0.085p to build up a 10% stake he shares are now just 0.04p to sell. And anyone trying to sell shares in all three stocks in size won’t get anywhere near the bid.
Has Britain’s Buffett become the kiss of death? Is there a forced seller in any of these shares and if so who? Sefton and New are both off by 17% today, is anything afoot?
Now we accept that the whole oil sector is taking a bit of a beating and the recent news from Sefton was not good but some stocks seem to be getting more of a mullering than others.
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