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Bought £10K of BP shares at 545p. Long-term winner?
Bought £10K of BP shares at 545p. Long-term winner?
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Replies: 157
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Wise move but i doubt very much you'll get any kind of price
The FTSE was overvalued as it was & add all these other crises happening .. not to mention BP's own and they could dip even lower than £4 .. i wouldn't buy any higher gl |
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These shares are not a buy at any price till that well is 100 % plugged.
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the coatline is disaster, it very sad. Its priceless damage with whats after happening
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I agree with the £4 per share analysis. BP has been downplaying this, they have tried just about every method and haven't even been able to slow the flow. Hopefully my sell order is near the front of queue.
Only intercepting the pipeline will suffice now. |
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pretty sure these will be -double figs this week if dont stop leak
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fed have you put a limit on your sale ,i've never just told them to sell ,overnight ,i hope you can get 450 or so but its so hard to predict ,and threr is always the prospect of a bid once this is over.
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They closed down 8% on Monday in Frankfurt, so I expect they will open around 450 on the LSE on Tuesday. There could be a lot of people dumping stock at that price though, so they could go lower.
I shorted them at 512 so I will make a bit. However I believe the Shell pension fund, which I am in, has BP as its largest investment. To be frank I just see the situation going from bad to worse for BP. As an oil man myself I am also not optimistic about the relief wells. They involve trying hit a 7 inch wide piece of pipe at 10,000+ft then trying to establish circulation in order to pump cement down. Can take months of flaffing about and you can never be sure whats going on down the hole. |
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I agree, that it'll be pension funds and other intitutional investors that will take the biggest hit.
I'll take 450-460p too. I just want to be rid of BP by tomorrow. |
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John Paulson made $2.3Billion in a year, insane! My dream would be have gains of £10K-£20K a year to supplement my salary.
What's your average gains or losses per year? |
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woops
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 Investments can go down as well as up |
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what price you get fedhater?
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Closed out my spread bet this morning. If the shares go much lower is there any danger of a hostile takeover bid by Shell or Exxon?
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fed should of bought fed-x
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rumour has it that the us gov is going to take them over, or is at least trying to. im not sure how such a nationalisation exercise would work but judging from the actions last year they will do whatever they want even if it means totally ignoring property rights
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Worst fvcking day! On whole year I lose around £1K net in Betfair, I don't mind it because I enjoy it. I was hoping to make a little bit of money from the markets, but the market has hit me hard.
Just checked my account, and it's been sold for 430p!! I got back £8K.....lost £2K in less than a month. I've decided to split the 8K into 2k, and I will now invest them in a month or so in 4 different sectors. Any tips? 1. Technology (any company with value) 2. energy (Invest in BP after August) 3. Mining 4. Any commodities?? or maybe Funds? |
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Well the US Govt would have no problem riding roughshod over property law considering they cannot even observe the Geneva convention. Presumably they would just buy out the US division and pay a derisory sum for it. I am not clear if they could still pursue the non-USA part for further damages relating to the clean-up.
The BP employees must be bricking it now. Seems amazing that one badly fitted valve from a contractor could be capable of bringing a multinational to its knees. |
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You initially bought at 545p when two significant support levels had been broken.
Follow the trend...Charts Dont Lie. |
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All that I have to learn, as I said this first 10K was more like a punt.
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an expensive punt
and you're so keen to re-buy them thing is this kind of stock will always be overvalued due to hedge funds/banks etc buying them up at will (because they have to) so the private individual like us really has to get in cheaply when possible which isn't very often |
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You're mad letting a broker deal for you .. why ??
Just open an account & trade the price yourself for that kinda money |
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I must have put it in a confusing way, it is an online account for trading. Only the "advice" was from a broker.
I will enter again at £4, I think bp was £3.70 during the 2008 crisis, so £4 would be a good price for small investors like me to enter. I will only by 2K at £4. My new strategy is to reduce exposure to any one sector, and aim for gains of 10% p.a. (i.e. conservative gains with lowest risk to capital) |
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I would advise you against rebuying at 400 to be honest.
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Fedhater, your not making much sense regarding this investment. B.P will likely hit £4.00 by end of this week!! Leave them well alone until atleast they have completed the two relief wells. I told you several days ago this could ultimately drive BP out of the Gulf of Mexico, this senario is now being discussed by the media.
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its a two month wait till pipe issue is resolved--aug
you need ba-lls of steel to hold this share |
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It sounds like you've got decent money to hand.Why not have a look at this for awhile,you should soon see roughly when to buy or sell.
Updata .Free Trial. http://www.updata.co.uk/freetrial2/ |
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b.p end on e-bay come august.
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As I said, I'll be on BP again after they complete the relief well (on August). At this time BP will be at £4 or less.
I lost 2K here, but Soderling made me £1K today, and if my Nadal bets come until the final, I'll be more than 2K up in the French Open. kohaku - Thanks, I'll have a look at that. |
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g.l fed.
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An immense amout of learning to do for me, hopefully I'll have the basics in 3-6 months. This really is a multi-year project for me, the outcome being the ability to have gains of around 10% a year.
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USA is a dangerous place to do business. They will rip off foreign companies at every opportunity if they get a chance through the courts. I don't believe the US courts are fair and balanced where foreign companies are concerned. This situation and the US 'legal system' will encourage thousands of lawsuits against BP which may continue for 20 years. BP could be employing 50 lawyers for 20 years or more on this.
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You don't seem to get it
The trick would be to get on before they complete the wells or the price will be eaten up by those in the know once it's done Which is why shares are risky business they don't just give free cash away |
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I'm only interested in making reasonable gains, so I no problem waiting until they've properly fixed it.
If the American want to put BP out of business, they must hammer Halliburton and Trasocean too. |
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Fair enough just trying to help but you saw how sharply things can change
You need to set yourself targets & exit points before you jump in What price would you of sold your 5.45 in profit for example ? If there's not much upside don't just gamble for the sake of it |
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I'd have been very happy to sell them at around 600p (around a 9% gain). I really do appreciate all the help and information given by you guys.
I am gathering the information I need and therafter I will study it and then only will I go into the next round of buying. One thing I hadn't realised previously was that traders can make money when share prices fall too. A lot for me to learn, hopefully a lot to earn too! :) |
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Avoid these shares like the plague, when the hurricanes start blowing the heavy sh1te on shore, the company will be worthless.
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I'm out of BP now, at a loss of 2K though. I hope BP falls like a rock, so I can buy at the cheapest price possible.
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wait for the cap completeion and f kin lump on.
its gonna be a guessing game when it happens but you know the price is gonna jump between 10-20 % when the news breaks. |
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That's the critical bit, August seems to be the general view. I'm thinking somewhere around the end of July is the time to lump on.
BP have accepted that this disaster them a $6.5B, with an overall liabiltiy for all companies involved around $10B. |
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Research the Biotech industry Fed and forget BP; there is no bottom in sight.
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