• Darren posted an update

    3 months ago

    Sometimes it’s possible for retail traders to get ahead of the banks and brokers. A good example of that was Neste Oyj.
    A Finnish oil company, which has been on an amazing run since March, outperforming the rest of the sector as it did so. I have been bullish through and yesterday they rallied by another -14.0% taking there 4 months gains to almost 90.0% . Brokers have commented this morning, and the general feeling is that they have had their run now.

    Here are some comments from RBC as an example:

    “This effectively completes a round-trip for the shares, which are now effectively at the
    level when the new leadership took helm. For their part, the (management) team has
    focused on controlling the controllables, and evidence of this is starting to
    emerge. We weigh this against the strong share performance as well as
    still challenged market conditions, and maintain our Sector Perform rating,
    with a higher €17 price target”