Bp Share Discussion Threads

[bracke] 18/3/2015 13:11

Good day Penycae

After you took the Cable trade it dropped and then came back up to give you a break even trade which I thought you may have taken.

Maybe there will be a reversal as a result of the budget. If not you will need to ask Mrs Penycae to put longer pockets in your trousers.

Here's a monthly Cable chart for those who are interested.

[penycae] 18/3/2015 10:30

Morning all.

Cable trade well underwater from that 9.30 spike. Looking interesting at the moment. 2013 lows taken out. If they carry on selling into the budget, they'll be looking for the 2010 lows. I'll be adding into that scenario. The 2009 lows would look a bit like a run on the old pound. Euro is in the blue, so this isn't all about dollar strength. Just the boys having some fun.
Got a silly stop here, so I'll hold the trade. Not going to hedge it.
Looking to long the CAC again some time today.

Trade well and prosper......

[bracke] 17/3/2015 12:52

Good day Penycae

On the expectation that the market will like the Budget or at least use the occasion for some volatility?

[penycae] 17/3/2015 12:31

Afternoon all.

Time to get long on cable. In from 1.4776. Limit 1.4850.

Trade well and prosper.....

[hellscream] 16/3/2015 14:27

hope its under £4 when the divi is paid :)

[alphahunter] 15/3/2015 18:27

Cap on max oil spill challenged bu US Gvt - the share price gained 3% over 2 days last time the other way around.

[4spiel] 15/3/2015 15:00

America was once in habituated by Indians but was colonised by Europeans. the Europeans imported and exploited Africans and look what happened ! When will we ever learn. I dislike Putin but suspect he has.

[dafrog] 15/3/2015 08:45

I expect UK joined the Chinese because the US keep filching billions off our banks as well as BP. Obama is a disaster for the USA.

[hellscream] 15/3/2015 08:38

Looks like bp is gonna get hit by the yanks for the uk joining a chinese-led bank..

[cfc1] 14/3/2015 10:43

im looking to load up....Oil is near bottom and it will turn.....BP is cheap that it - lock it away and you will be rewarded

[alphahunter] 13/3/2015 23:21

6 Mar'15 - 23:52 - 85768 of 85773 0 2 edit

BP's saving grace has been marketing/refining business, plus the accounting trick with Rofsnet, but a source of income often forgotten for BP is oil trading. Been good lately, as confirmed by Glencore.


Well well well...


Hmm, once the contango flattens,...


Short position here.

[cfc1] 13/3/2015 08:43

what is unworkable ?

[hellscream] 13/3/2015 03:46

Unworkable.

[bracke] 10/3/2015 16:35

Good day Penycae

'The only way is up'...... hmmmmm did monkey tell you that.......he's got a wicked sense of humour.

[cfc1] 10/3/2015 16:15

bloody hell DOWN 14p...why???????
this msgboard seems dead these days

[alphahunter] 06/3/2015 23:52

BP's saving grace has been marketing/refining business, plus the accounting trick with Rofsnet, but a source of income often forgotten for BP is oil trading. Been good lately, as confirmed by Glencore.

Fitch to hammer the point here:



Still short BP though, for different reasons.

[bracke] 06/3/2015 15:38

The share price is unable to move above the Daily SMA 200. It has been attempting to do so since 03 February. It remains in a range 457 - 440.

[bracke] 04/3/2015 11:28

Good day Penycae

Well done with your DOW trade.

I did ok but was out all day so set the limit order conservatively.

DOW is again testing support at 18,135. If it holds target is 18,245. If it breaks likely to drop to previous low at 17,885.

Happy demolishing.

[hellscream] 04/3/2015 11:24

got 5 more years yet cfc1.. share is dead.

[cfc1] 04/3/2015 08:36

whats the lates from BP and the US judges saga? Any news or impending news..SP wants to go higher here!!

[penycae] 03/3/2015 17:42

Evening all. Just closed on my 100 on that DOW trade.
Bracke will be happy too.
I don't think this move is over yet, but best not be too ambitious. There's still folk prepared to buy the dips, so let 'em have a few quid. Being long has been a one way bet lately, but this drop was way overdue.
Skip arrived at 3.45pm, so another hard day tomorrow. Hope you had some of that DOW action.

Trade well and prosper.........