Bp Share Discussion Threads

[bracke] 19/12/2013 15:57

just tell them it's horse.

[optomistic] 19/12/2013 15:51

... nice a bit of rendered deer, but must remember not to offer it to the children for Christmas dinner :-)

[bracke] 19/12/2013 15:27

If any Reindeer was to do so it would risk being rendered; not the being flown elsewhere meaning.

[optomistic] 19/12/2013 15:15

"If Santa does visit BP it is more likely so that his Reindeer can leave a deposit"

Do they have cleaners on standby at The Whitehouse in case he leaves one there.

[bracke] 19/12/2013 15:10

Good afternoon Penycae

I trust you had a pleasant break and now ready to deal with Christmas.

If Santa does visit BP it is more likely so that his Reindeer can leave a deposit.

[penycae] 19/12/2013 15:01

Afternoon all.
Saw the news on taper. Soon know if Santa's coming to town.

[alphorn] 17/12/2013 18:06

Good to read about BP filing that law suit against fraudulent payouts.

[bracke] 16/12/2013 11:59

Friday opening gap filled.

[bracke] 15/12/2013 12:20

Following that uplifting post from hellscream I thought I better bring you back to earth. It wouldn't do to become to optimistic after all we are BP shareholders.

An opening gap Friday so you can now consider which gap will it fill first. Up to 471 or down to 451.

Whether you use charts or not you will see the direction of the share price

[hellscream] 14/12/2013 02:29

market.. dont make me laugh, its been dead for years.. just look at our housing market >.> its the big boys they dont want you or me to have any wealth simple.

For working and middle class people its just a race to the bottom (welcome to globalisation), uncontroled population growth means your worth less year on year. theres never gonna be an upturn for ordinary people (just the rich).

Our job market speaks volume about our future, part-time fixed crontracts, one mistake and your sacked, 50% of working people recieving welfare because the rich wont filter the money down. Your kids are not gonna have a bright future (spiral to the bottom, just like the debt crisis thats just keeps on growing).

[bracke] 13/12/2013 15:28

The problem comes when they try to taper, unless it's QE forever.

[jak1] 13/12/2013 15:18

I suppose you got to hand it to them though, they have stage managed this perfect...

[bracke] 13/12/2013 15:13

Yep.

Markets are far too important to let the market decide. It needs the steadying hand of responsible government.

[jak1] 13/12/2013 15:08

It's all charts nowadays, fundamentals with shares went out the window the day the Fed started running the market. Been like it for a few years now...

[richvandam] 13/12/2013 08:42

charts look like its on a downward trend......one the sidelines for now....watching and waiting

[bracke] 12/12/2013 18:15

mb

Nothing guarantees what will happen to an share price but charts can assist with the analysis, as can fundamentals.

For me it's charts, for others it's fundamentals. Each to their own.

[mbthedude] 12/12/2013 18:11

Charts show what has happened in the past and are no gaurantee of what will happen in the future.

Just saying like

[bracke] 12/12/2013 17:29

hellscream

My apologies. 350 is a 'typo' it should be 438 (don't know where 350 came from, I hope it wasn't a premonition !!).

I trust I didn't give anyone a heart attack with 350.

Viewing the chart at the close shows it dropped below the trendline, attempted to move back above it but so far support has turned to resistance and it has closed below the line.

It is resting at 470 which has provided intraday support previously. A slug of 'Santa Rally' would be helpful.

In my post earlier today I neglected to mention there is a gap at 451.

So given 451, 455, 458 as possible support it would be disappointing for anything lower.

[hellscream] 12/12/2013 16:55

i think your looking at the charts too much bracke, 350 is way too cheap.. you would need another oil leak to get down there.

[bracke] 12/12/2013 12:16

I hope you all enjoyed that brief visit back up to 480 because the runes are suggesting it may be falling a little further.

Viewing the Daily chart shows the share price back down to an ascending trendline. It either makes another effort to rise or gives in and falls below the support.

A fall below the support would very probably be down to the Daily SMA 200 at 458.
The Weekly SMA 200 is at 455 so hopefully these two zones will arrest further fall.

If the two zones failed to support then mid 350s' and if that fails then 420.

EDIT

350 IS A 'TYPO'. IT SHOULD BE 438.

[miata] 07/12/2013 10:57

Claims Administrator Patrick Juneau told the Wall Street Journal the escort service claim was carefully studied and deemed valid!

[steve73] 07/12/2013 09:38

perhaps the claim is genuine... loss of business from BP themselves, as they cut back on entertaining... or did that only happen in Russia?

[7monkey] 07/12/2013 09:23

Perhaps BP has a point: The court-appointed lawyer supervising the damage claims following the 2010 Gulf of Mexico oil spill disaster confirms he approved a $173K payout to an "adult escort service" BP said was filed with unsigned and undated financial documents.
A new BP ad appearing in several national newspapers proclaims: "The IRS wouldn't accept this claim. But the Gulf Settlement Program did."
At least for now, BP doesn't need to worry about such payments, as Judge Barbier has temporarily suspended settlement payments to businesses while he reconsiders BP's arguments against compensating those that cannot trace losses directly to the spill.