Bp Share Discussion Threads

[smurfy2001] 31/12/2013 11:11

Looking for 500p

[richvandam] 31/12/2013 09:55

It's on a high at the moment, it will be down to sun 470 again soon.

[bracke] 30/12/2013 15:36

mbthedude

I posted

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

which is what occured and the following still applies.

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

The share price has performed a double top. A break and hold above 494 suggests 510-520. Failure to break up suggests a drop to first support at 482.

I also posted at 83899

"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] 30/12/2013 14:58

Well bracke

2 and a bit weeks later here we are back around 490 and never dropped below 465

I don't think its worth clinging to charts as I said it only shows what has happened in the past not what will happen in the future.

12 Dec'13 - 17:29 - 83897 of 83922

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.


mbthedude
12 Dec'13 - 18:11 - 83898 of 83922

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

Just saying like

[bracke] 30/12/2013 11:06

"as you look at the charts"
==========================

WHAT !!!!!!!!!

A Damascene Conversion. Praise the Lord !!!!

[idioterna] 30/12/2013 09:37

Merry festive season all. Just checked on the share price before 2013 draws to a close and behold I am but 15p from breaking even after a 7 year wait!*

I'm not at all sure what I should do with these come Easter 2014. Retain them for dividends? Buy more Bitcoins? Purchase a volcano proof roof for Villa Macondo?

Probably just hang onto them. It's been fun knowing that things can only get better (except when they get worse) as you look at the charts. It's been a far better life since I stopped trading and funnily enough the practice of living on dividends has taught me frugality (not even had a new wife the past 3 years), while the investments themselves have gone up in fiat terms (probably due to massive M3 supply from the FED et.,).

I'll pop back in April for a reassessment, until then, may your balls be clean and the bunkers shallow.


*Caveat. I have been using the dividends to pay for expenses most quarters, not reinvesting them.

[hellscream] 27/12/2013 03:01

Back down to that 470 range i think, we're getting to close the that 500 mark.

[ceteris paribus] 23/12/2013 10:29

Some mention in the FT this weekend (pitanga duster, write down $1.1bn & engineer in court over macondo prospect problems), possibly may enter again in 2014...

[bracke] 19/12/2013 16:02

Whether they know it or not !

[optomistic] 19/12/2013 16:01

That will be OK then...they are used to that! LOL

[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.