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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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Fedhater
Lots of advice you have on the thread is "after the event" - there are lots of wise guys then. Bad luck with your trade and better luck next time. |
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I think there was at least one person who had shorted BP when they were about 540p, and most didn't buy it or short it. It's a steep learning curve for me and my first trade turned out to be a loss, but that hasn't put off trading whatsoever. It just means I have more to learn.
BIOTECH - Many have said that this will be similar to the IT/Computer sector. I have thought of investing in Biotech, but I have little idea about the companies operating in this sector. Finding a budding Microsoft of the Biotech world now would be the holy grail. BP seems to have stabilised around 420-430, when they have control over the flow the price should rise to 460-470. Finally, the severity of punishment dished out by the US Gov will decide if BP will see 500p this year. |
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when the two supporting wells are completed aug---is it guaranteed that they will stop the oil leak?
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Yep, that is the guaranteed method. That was how the worst ocean spill ever (Ixtoc 1) was stopped. The drillships will intercept the leaking pipeline underground the sea floor.
All measures taken now are temporary. I expect a 10%-20% rise on completion of pipeline interception. |
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ah! my mistake. Ixtoc 1 was capped first then the pipeline intercepted.
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fedhater, sign up for free end of day charting from prorealtime. They never hassle you to buy anything and the charts are superb. Put the auto trendlines on and have a look at a bp chart on the daily, weekly, monthly. You may be suprised. As posted earlier a huge trendline had cracked on the monthly charts before this happened. The bounce back is quite clearly flagged on the daily. Fundamentals give a bias, but the picture is played out technically.
Do not be suprised if this rally goes to 4.70 and then falls again. Big gaps are often closed, then the trend resumes. |
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Ghostdog - That's my ultimate aim, I know BP will go up and then down and up again. The key is to know what price to enter and exit.
I've just got myself the FT guide to Investing and the Motley fool's guide to investing. I will substantially building my knowledge about companies in the market and the market itself. |
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"Never try and catch a falling knife" pretty sums up this whole thread. :)
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I agree, if only I'd waited a few more days...I would talking about a huge profit to be made in the coming months.....alas, I was left with a huge loss.
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"dont invest in shares the way the average man does" a great quote, many do tho.
Buy a book on technical analysis. Get books by Dr Elder and Sam Weinstein, top reads if your into investing. |
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How does technical analysis generally suggest dealing
with surprise events? Does it still claim validity for the moving averages, even though the pre-shock prices are still contributing to the value for the entire span of those averages? |
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Soap Joined: 31 Oct 02
Replies: 1528 03 Jun 10 22:20 Fedhater Lots of advice you have on the thread is "after the event" - there are lots of wise guys then. Yes .. because he was still intent on buying them back & as you can see from my advice he could be in a much worse position now they've dipped below £4 People like you don't even offer anything at all .. just hate on others trying to help |
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I'd be tempted to go all-in if they drop below 350p.
There are also traded options to consider - selling puts appeals to me more than buying calls as I think the upside could take a while to materialise. Worst case scenario with selling a long-dated at-the-money put if the shares reach 350p is that I might end up having to buy the shares I was happy to pay 350p for anyway, except that the price would have been reduced by the premium received. |
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385p is very tempting. Should I wait for 350p or lower to invest again?
My aim is to buy BP at or near the bottom and Hold it for 5+ years. |
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why this obsession with BP? Look for another share imo.
Look at it this way - you are way behind on 'market info' regards the BP leak (as are most people who are not working on the leak)so why invest in a non-level playing field. Find a nice safe share which does not have any meaningful results out soon |
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I have already decided to split my investment into different sectors, BP represents the energy sector.
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down again this morning ,went below 350 ,but as previous poster says we're too far behind events.
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interesting story developing.....
http://www.globalresearch.ca/index.php?context=va&aid=19591 |
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Missed the 350p! It seems trading at the start of the market is the best strategy. Always had huge movements then. In BP's case is has dropped and risen on almost evrery occasion.
A daytrader who has been buying BP at market start and selling it off after a while in the same day would be making an absolute fortune. |
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Iam in after nibling at them @ 375, will be jumping out quick;y if they aint goin my way
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I've made my decision, bought £2K at 360p. It is bound to appreciate greatly over the next few years. BP's known assets are around $236B.
This price is justabout perfect for smalltime investors like me. |
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This price is justabout perfect for smalltime investors like me
lol - wtf is that supposed to mean?? |
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I've bought at £3.70 - but not my whole ISA allowance for the year[:(]
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good grief there's always some 'investors' who are willing to catch a falling knife!
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theyre crazy, still showing no signs of the fall stopping.
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looks like back over400 tomorrow,wish id bought a few today
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I caught the falling knife at 545p an dlost £2K if my £10K investment. Now the time has come to make profit.
B.P closed up 12% in the U.S. markets and it is a foregone conclusion that the price will rise tomorrow. I'm not being greedy as before and so am only investing 1/4th of my funds. The rest will go into different sectors. Too may armchair traders here, who aren't prepared to either lose or make money. The fact that I lost money previously doesn't mean I shouldn't take this opportunity! The city is full of thieves, and small time investors like me(general public) are their quarry. These crooks need to be hanged from the tower of london. |
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the city is full of thieves because you made a bad decision originally? whose fault was it that you decided to buy when you did?
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haha! The bad decision was due to me and me only. That the city is full of thieves is well known to the general public, and has been for a while. Here, I am investing my own money. If I make a loss then there is no burden on the taxpayer.
Perosnally, the goverment should have let the city collapse into the cesspool it had created. The city's philosophy is "privatised profit and socialised risk". |
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Fedhater
Not sue I agree that EVERYONE in teh city is a thieve... Any more that anyone else that tries to earn a living for themselves. Plumbers, decorators , car salesman, you name it. All try to sell their goods and services for as much money as possible. Good luck to you on your investment. Sont think you can go wrong. BP at a 13 year low!! Fill your boots son! Personally I am a Lloyds TSB man myself. This organisation is an absolute MONSTER. When it catches fire the profits will be astui |
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Lloyds look a good price, what do you think about RBS?
I don't mind anyone making a living, but surely no industry/sector/business should be able to bring an economy down! Without taxpayers intervention, the banks would have collapsed, and most likely the entire economy. The financial sector has too big an influence here. |
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Get real chisel
City traders offer NOTHING to Society they just happily milk it dry ... then cry when it all goes wrong |
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anyway on a lighter note BP are still falling though a lot more gradually
I'm considering a buy around 3.25-3.35p what you guys think ? |
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Don't even think of buying!!! Lots more bad news will follow shortly!!!
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The meeting with Obama ..
I think he's bluffing a bit personally he hasn't got a clue but will happily bleed them dry I'll take your advice though & leave them alone  |
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I did say earlier that it would probably try to close the gap and carry on down. It couldn't even close the gap, big sign of weakness.
I used to buy things on the way down, but you get tired of it eventually. If people would just put a 50 and 200 moving average on a daily chart they'd save a lot of money. |
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True .. but this is a Huge situation & not the norm
I've given up trying to chart stuff what's the point when one snippet of hope results in a 50 pt bounce ? It's all a gamble |
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Agree that this is not the norm, but you can bet that this stock is bouncing at technical points. Spread out a bit more than usual, but they are still there. A 50 point bounce is technical in itself. The market loves 50's.
It's a strange thing, but a market often breaks down technically before bad fundamentals come out. Sometimes this is just insider dealing, but sometimes it can't be explained. Victor Neiderhoffer is a hardcore quant and used to be a top fund trader (until he traded with no stops), and he claims the intermediate trend changes often line up with a full moon! I've seen this happen, but need to keep some records before I could take it seriously as a confirming indicator... |
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Seems this is turning into a general trading/investing thread, GREAT!
What is the cheapest way to trade? What is the best software/book on technical analysis? |
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So where's all this bad news & what do the charts say now ?
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