Just a brief note on AIM listed Falklands Oil & Gas (FOGL). Thanked by no-one really I have been warning folks to bail out all summer. And I have remained bearish. My most recent piece was on November 27th when I said that the stock was still a sell even down at a 37.5p share price. The share price is now 29.75p. But it will get worse.
It is always good to agree with a good pal and I have few better friends than Zak Mir. I do not really understand the world of technical analysis but according to him the charts look dire. He has thus published this sell advice today .
It rather chimes in with my own fundamental sell advice published here on November 27th.
I think that makes the conclusion a universal “sell”