(AFR.L) Afren PLC Buy/Sell

The other point to note is that whilst oil can be volatile and who knows maybe taffy will be right and it drops to $35 but the point I really disagree with and something that taffy hasn't talked about is the main reason for the massive sell off in the aim this time last year.

Yes the oil price fell and yes the main markets fell also BUT the big issue was the massive decline of the hedge funds on top of that which is highly unlikely to rear its ugly head again (certainly not so soon as I would have thought that conservatism would have taken over a bit more than where we were in the summer of 2008). Whilst the ftse 100 fell significantly (around half) from the start of 2008 to March 2009, the Aim fell significantly more, suggesting that positions needed to be closed to either deal with margin calls elsewhere or to repatriate money back to the clients of hedge funds. The Aim stocks would have been the first to go, as they would have kept the safer stocks of the ftse 100.

Like I said the oil price and the stock market could fall again (they could also rise obviously) but the huge sell off which brought about so many bargain basement prices of primarily aim stocks or heavily indebted main market stocks will probably not occur again (certainly not to the same extent).

Its not taffys idea that oil could fall that I disagree with (its definately possible) and therefore I would agree that a drop in the share price is possible but to state that it could drop to 14p again when the oil price is unlikely to fall back to its lows if it does fall, afrens debt is decreasing, afrens production is increasing and the wider market is unlikely to fall by as much is just basic scaremongering (most likely as before to try and scare people to sell shares to satisfy his short).

Taffy - Are you going to come out and state your position this time prior to closing it just so we know what your position is? I have no problem with you shorting stock but scaremongering to try and increase your position whilst decreasing others positions I don't like.