Bp Share Discussion Threads

[bracke] 07/9/2015 13:26

Good day Penycae

I imagine that the monkey is in the dog house (please excuse the contradiction in terms) seeing as he was responsible for getting you into the BP trade.

Have you ascertained why he got it wrong?

[naughty poster] 07/9/2015 13:08

supermarky 7 Sep'15 - 12:40 - 86779 of 86780 1 1

Excellent post. Onwards and upwards.



LOL

supermarky good fellow, try turning your monitor the other way up..

[mbthedude] 07/9/2015 12:48

"Personally, I prefer to hold and average down rather than sell out and try to pick a subsequent bottom. As Doc Joe used to say, if you liked these at £3.50, you gotta love 'em at two quid."

Easy enough to do if your buying actual shares but your dabbling with CFD's so your in a leveraged product and liable to margin calls. Should things turn sour and the decision to sell may be taken for you?

[supermarky] 07/9/2015 12:40

Excellent post. There too much negativity on this thread. Onwards and upwards. I'm just in long on friday after the big drop. If we're not at the bottom we are near enough for me. Patience required

[penycae] 07/9/2015 12:06

Morning all!
This share will no doubt be trading at £1.00 by Christmas. Should bounce to £1.50 during the Santa rally. I'll have to cancel Christmas at Penycae Towers - all because I bought some shares in BP. Should have stuck to Forex. Apparently, you learn a thing or two about trends, discipline, hedging and the intelligent use of stops there. Wonder if anyone has ever noticed the connection between cable and BP? Apparently, if you trade them both on some kind of ratio things tend to even out.
I've asked the monkey to look into it for me.
325 -327 might have already put a floor in here, unless they fancy a crack at the ten year low. Nothing you can do but wait and see. Personally, I prefer to hold and average down rather than sell out and try to pick a subsequent bottom. As Doc Joe used to say, if you liked these at £3.50, you gotta love 'em at two quid.
BP is what it is - just another share. You only lose when you sell for less than you paid for it.

bracke - good to here from you.

[diku] 07/9/2015 09:55

Did somebody say 255p?...

I now see what you mean looking at that header Bollinger chart...that could be the final capitulation....No Advice Intended...if that were to happen it would probably take FTSE down to around 5200....

[bracke] 07/9/2015 09:45

Nice to read from you Penycae.

Pleased to read head is above water.

[naughty poster] 07/9/2015 09:04

Quite possibly mbthedude!

BUT if POO has actually put in a bottom, I think that would be unlikely.

but if it hasn't..

[mbthedude] 07/9/2015 07:05

Rather ominously there is a glitch on the 6month + ATR chart that shows the price of BP on Thursday at a low of around 255. Predictive programming perhaps for what's coming?

[2 red licks from 2 old creeps] 06/9/2015 21:15

Come in Perv 2. You're a bit slow tonight.

[2 red licks from 2 old creeps] 06/9/2015 19:40

Perv 1 and Perv 2

I shall call them.

..not forgetting Perv 3 of course.

[diku] 06/9/2015 15:13

I can see a picture coming!...

[smurfy2001] 06/9/2015 14:17

Show us your pink gun

[the_man_with_the_pink_gun] 06/9/2015 11:31

STRONG SELL

TARGET £2.78P

[diku] 06/9/2015 10:26

Do you have to be soooooooo bold?...

[ball deap] 05/9/2015 18:48

mbthedude agreed, we all know what's on the horizon it's a case of baton down the hatches. Someone pointed out that the DAX German index has done a death cross on its charts which adds more to the pot. Take care out there guys this could be a big one!

[meanwhilebackatthepumps] 05/9/2015 18:10

14000 was the previous major peak (resistance) in October 2007.

..before the crash of the century (...so far!).

[mbthedude] 05/9/2015 17:11

PramB

I don't think that was the correction just a prelude always said the real "event" will occur in mid September. My opinion is another 15 - 20% drop.

[eisler] 05/9/2015 17:08

Sit tight. You'll be rewarded with a chance to get in at 280 before the end of October

[meanwhilebackatthepumps] 05/9/2015 17:00

The first level to test on the DOW now, is 16000. If that fails, it would seem that 14000 is the next best chance..

DYOR

[prambigear] 05/9/2015 16:30

So, 2015 what? The correction has already taken place. It'll only go substantially lower if there is something big.... China (still) growing 6%+ ain't it.