UK 07:34 Sunday, 11 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It gets worse. Shares in AIM and ASX listed Oilex (OEX) have now been suspended on Oz as the full scale of its legal difficulties emerges. The stock has never really recovered from the dual kiss of death of being tipped by both Zak Mir (HERE) and by market abuser Chris Oil (HERE) and is today down another 31% at 0.375p – roughly 90% below the levels when tipped by the dynamic duo a few months ago.
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Comments
Simple Moving Avarice
Well, certainly Chris Oil tipped it for what he calls “fundermental” (sic) reasons. But Zak’s tip stopped out a week later. Like all Zak’s tips it came with a stop, a target and a timeframe.
None of Zak’s tips claims to be anything other than short-term trader plays and anyone buying them as long-term endorsements of the company involved would be missing the point badly.