Bp Share Discussion Threads

[essentialinvestor] 28/9/2015 17:05

Mark, I never use margin, would not even touch SUK2.

[hellscream] 28/9/2015 17:00

What happened to the "debt crisis live blog on the telegraph" 7 years have passed and we got double the debt >.>

[essentialinvestor] 25/9/2015 16:27

We may be in the early stages of a new bear market, so it may pay to be
cautious, the oil majors are already in huge bear markets so hopefully
most of the damage has already been done.
If the UKX tanks yes this is likely to trade lower, however if the UKX
fell another say 20%, would expect BP not to fall by that amount,
all IMV only, and no one can precisely forecast markets or individual
share prices.

[bracke] 25/9/2015 16:13

Blessed are the optimistic for they may be rewarded.

[pft10] 25/9/2015 14:41

I've just been reading this thread and like 'andysaw', I just can't see why anyone is considering buying BP. The FTSE and BP is up today, but the trend is still down.

[andysaw] 25/9/2015 12:58

Are they in denial? Please help me with the reasons for a buy at this stage. Thanks in advance

[andysaw] 25/9/2015 12:55

I may be wrong but I don't understand who are buying when it is on the fall. Is it like catching a falling knife? I would expect it to go down again next week if not today. IMO etc

[bracke] 25/9/2015 12:25

supermarky

If the gap up today is a breakaway your pants are safe. If it is a common gap it will revisit 323 which will put your pants at risk.

Red sauce or brown sauce?

[essentialinvestor] 25/9/2015 12:05

Mark, don't you trade a % of your holding?, made nearly 4k from BP this week
and would not say I'm a good trader by any means.
RDSB on a pre results trade was my best single gain for 5 years.

It does require a time commitment with screen watching which would not be for everyone.

Russia is a factor here that some may have been overlooked and one of the reasons
I added yesterday, Obama has agreed to meet Putin, so any talk of new sanctions
against Russia is now out the window.

At the height of the Ukraine crisis there was even talk of Western companies having
some assets seized by Russia, which unless there was all out war was not going to happen.

[supermarky] 25/9/2015 12:03

Hahahaha omg! Doom and gloom. Never say never I suppose. Even in the depths of deep water this was 300 give or take a few pence. BP have made a deal re deep water now and should be moving forward. Obviously oil price is critical but from this historically bargain price I'm bullish. I'll patiently wait for this to move upwards.

[mreasygoing] 25/9/2015 11:53

I've got a worst case scenario of around 260-275p.

[supermarky] 25/9/2015 11:51

I still have my long at 330. I'm not wanting 345 though. I'm hoping for at least 400 which I'm very confident in achieving. rather than in out with this one I'm happy to watch this recover from this very low range. It has been savaged. I'll eat my pants if this goes much lower 320 area

[essentialinvestor] 25/9/2015 10:46

The short term outlook, barring any significant company specific news
or massive pop in oil, is largely determined by the UKX.
We are up 3% plus today as the UKX is also sharply higher.

[bracke] 25/9/2015 10:41

The share price has tested the August low and was supported. It now has to overcome resistance at the last minor high 334/336. If it breaks through the probability is 340.

[karateboy] 25/9/2015 09:46

Usual Shorters are very quite today.

[mreasygoing] 25/9/2015 09:35

Yes, the bears are feeding on them. You know its time to 'av a nibble' when boards go very quiet. Boards are always a good indicator of sentiment. Sell when it goes manic, buy when quiet.

[essentialinvestor] 25/9/2015 08:32

Lovely near 3% pop, traded a few from yesterday and kept most.

[essentialinvestor] 24/9/2015 17:37

Oh my you know it's a bad day when there is not one post here!.

Got some down to 3.22, see what tomorrow brings.

[diku] 23/9/2015 08:51

Yes just think Dow could well retest August intraday lows again...

[essentialinvestor] 23/9/2015 08:48

Added this morning, oil looks like it's forming a trough
to me, but I'm guessing here.
Would not be surprised to see markets lower so BP is unlikely to escape
unfortunately.

[andysaw] 23/9/2015 07:31

Nightepig - :) I wish I could predict the share price upwards in everyone's interest but the sentiments are not right for it at the moment. Don't think it will rise this week but I'll get in probably in October ATB IMHO

[nigthepig] 22/9/2015 17:28

Andysaw - 2nd day running you got your prediction wrong. Will you get it right tomorrow?

[mreasygoing] 22/9/2015 16:09

Had a nibble for my SIPP. Could see a reaction to the sell off very soon, I'll have some more if it gets closer to £3.

Only once since the late 1990's, (Macondo disaster 2010), has this been at this price.

[mbthedude] 22/9/2015 15:59

EssI, I am happy either way