Bp Share Discussion Threads

[kulvinder] 05/9/2015 16:16

Thanks Mbthedude.

[mbthedude] 05/9/2015 15:57

Kulvinder I don't have a chart but a bit of work with Google yields the following :-

1966 – Credit Crunch and S & P 500 down by 22%
1973 - Oil Crises and G7 markets lose on average 34% of their value DJIA 45% and UK FT 30 lost 78%
1980 - Global Economic Recession
1987 - Black Monday (30% drop)
1994 – Bond Market Collapse
2001 - Markets record huge drop after 9/11 7.1 % drop in 1 day. Includes dotcom crash during this period with NASDAQ losing 78%
2008 - Mortgage market collapses leading to QE intervention market loses over 20%
2015 - ??

[manonph] 05/9/2015 15:27

Footsie down years19901994200020012002200820112014Not quite fitting into an exact pattern

[kulvinder] 05/9/2015 15:06

MBTHEDUDE, you don't happen to have a chart that you could post that depicts this pattern of a market crash every 7 years, thanks in advance

[meanwhilebackatthepumps] 05/9/2015 14:13

That's right, every 7 years - there's a crash. A reality check if you like. Manufactured on Stall St.

[mbthedude] 05/9/2015 14:08

PramB

Not BP on its own but across the board, you only have to look at history to establish the pattern 1966, 1973, 1980, 1987, 1994, 2001, 2008 .... 2015

[prambigear] 05/9/2015 13:18

#86747 Ball Deap. Perhaps you would like to explain your fatuous 'prediction'. With the oil price as low as it is, China worries built in and lawsuit fixed, what is going to force it down much further (other than your hopes)?

[mbthedude] 05/9/2015 12:22

corlis you are right we all have our own methods.

I realised at 386 it was heading in the wrong direction so I sold out in two tranches for a final price of 380. I am looking to buy back under £3 later this month at which point I will have increased my actual share holding by around 25 - 30% for the same money. If I hadn't sold I would be staring at a paper loss of around 47% per share hoping and hoping it recovers at some point in the future.

Sometimes you have to think out of the box when things get extreme

As a footnote had I bought back in at 330 I would have seen an overal increase in shares held of 12%. I did a small trade equal to 33% of my holding buying at 335 and selling again at 352 for a net increase of 1.75%

[iggis] 05/9/2015 11:54

All stop losses do is lock in your losses. Remember why you bought the stock in the first place, have faith and hold tight and wait for recovery (and average down if you can). It always rises eventually.

[mreasygoing] 05/9/2015 10:18

I will have a nibble at 300p or thereabouts. I'm also looking at TLW and have had a nibble at ENQ. Both have been butchered and could be sliced a little more, but when they turn it could be a serious resurrection.

[ball deap] 05/9/2015 09:51

Don't be foolish guys this is going to get killed over the next few months, if you are not near your stop loss yet then chances are you will lose your shirt or you don't know what a SL is.

[aussiedonnie] 05/9/2015 09:46

Corlis, never say never. My guess is that BP. will indeed drop below £3.00p in the coming weeks. dyor

[corlis] 05/9/2015 06:07

We all have our own reasons - methods etc.
This will not drop to 300.
Like Penycae I averaged down yesterday too.....average around 390 now.

[mbthedude] 05/9/2015 05:38

I thought you were disciplined and ran sensible stops? If this drops under £3 your going to be a minimum 10K in the hole from the first one and most likely another 10k from the other two. Mid September is going to be carnage, ever thought of Gamblers anon?

[penycae] 04/9/2015 17:20

Evening all!

bracke - still holding from 386. Also added at 349, and then 335. All on CFD's. This is the only share which I'm holding at the moment. Rent is being covered by Forex and the good ole CAC.
Stand to make a lot of money when this turns. If they keep playing with it, it'll go to the June 2010 lows. I can live with that.
Last couple of weeks have been interesting. Some of the boys from the Dog and Duck are down tens of thousands on their portfolios. They don't trade, but they're not selling.

[csalvage] 04/9/2015 16:22

Sold out could have sold at 360 but let it run got cold feet at 337.i look to get back in if it drops to 300 which I think will happen soon .

[the_man_with_the_pink_gun] 04/9/2015 16:03

JUST TRYING TO SAVE YOU FROM LOSING YOUR DOSH ;-)


STRONG SELL

TARGET £2.78P

[nigthepig] 04/9/2015 13:05

The man with the pink gun is always shooting himself in the foot.

[bracke] 04/9/2015 12:07

EI

Yes I compared BP, Shell and Exxon all very similar. Until oil starts moving up neither will they.

[essentialinvestor] 04/9/2015 11:55

Within a few % of each other over the last 12 months, even the mighty XOM.

Total is the only major that has relatively outperformed as it's business mix is
more defensive.

[bracke] 04/9/2015 11:37

diku

That last line in your post is an uncomfortable situation for holders but are the other oil majors any better. As far as I can see they aren't.

[the_man_with_the_pink_gun] 04/9/2015 08:56

STRONG SELL

TARGET £2.78

[mbthedude] 04/9/2015 06:55

better break out the kleenex then Penny

[bracke] 03/9/2015 16:53

Good day Penycae

I hope you are well or at least holding head above water.

The share price is moving in your direction assuming you still have your 'unpleasant' trade running.

At the current rate of progress it may reach your break even sometime next week if you are lucky and there are no more upsets.