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MarkGo
You are right mate
But if you are a long termer these drops are supper chance to top up and i will continue doing that.
No one have a crystal ball but we all know about the fundamentals here and demands on oil, and soon to be even more healthy balance sheer
To me is absolute blessing to be able to even see these levels while the top analyst think the shaee should worth at least 340p
I go no where for the next 18 months at least where i see 650 or more will be achieved here
One of the best FTSE share to invest on with great divi rewards
Thanks for your post
Best of luck
IMHO
GLA
DYOR
Afternoon Stockready1
I hope you are super well mate. My Mojo post was only a bit of lightheartedness on a dire day. I don't expect 309 at the finish, at all, but a lot closer to that than my bullish guess.
Today demonstrates that none of us know what tomorrow holds, and especially not next Friday, as I was referring to myself as the one who scoffed at Mojo's 309 but just for a while........
GL and a great weekend all.
I was the one who called bs on the 270 anal gaps but got ridiculed by so many on here but, lets not go back there brought out an ugly side. I don't see why anyone getting worked up with this its dropped did you actually think it goes in a straight line without bumps in the road. There's always something round the corner I didn't say it's just oil related if you read my previous posts i mentioned quad witching weeks ago plus mentioned the rsi over heating on so many of the oil equities as well as Brent and oil. My prediction for 66 and 68 is off at the moment but there's enough time in the day for that to happen. Quad witching is the last hr of the trading day so keep an eye at 8pm what happens stateside.
Mojo thinks this is oil related and predicted 66 / 68 oil price…pretty clear this is just to do with interest rate predictions in the US and a market hiccup!
Oils holding strong and the future outlook is great!
Some people on this share are still wait for the 270 gap to fill! Not seen them in awhile but they were praised for being god like in their predictions by some!
MarkGo
Good afternoon mate
Mojo is a good guy and all credit to him
But lets not speak too soon
We have another 2hours to go and I bet you this will not finish anywhere close to 309.
This is excellent chance to top up and I have added loads here and in Loyds today.
All you need to know is a fundamentals which is supper strong and these drops are actually so healthy and follows the market move getting it ready for the next move up.
Nothing to stop BP. to go above 400 mark in the next 3 months.
Absolutely nothing
IMHO
GLA
DYOR
More pleased my holding is growing thats my overall view as will probably hold closer too 2025 see if I'm rewarded too looney,s new vision Bp
The fear is covid cases rising in UK and its highest since mid-Feb this year. One needs to understand the cases are rising among young people and those who only had 1 or no vaccination. Those with full vaccinations are protected and have very few hospitalization among them.
This is a great buying opportunity.
Bp … great top up price mate
"but the market gets spooked very easily mate...ive never seen powell so dovish....markets are forward looking, and get nervous when any mention of tightening monitory policy is mentioned"
Yes, and what did he utter? They may start considering the rates at the end of 2023!!
But in all truth this is all smokes and mirrors. There is no chance in a millions years they can raise rates without causing depression across societies addicted to cheap [free] money. For God 's sake, Mickey Mouse companies are created based on confetti money.
What is being played out, i.e. a mute sell-off is a set-up for major funds to scoop up whatever great value is out there. Right now that value is to be found right here in the UK. FTSE companies are ridiculously lowballed compared to their international peers and specially the wild wild west yanks.
DYOR
This week has literally being a rollercoaster !!! Topped up my holding 2%@ 313.25. Have a good wkd everyone.
I have to give some respect to the much maligned Mojo for his recent posts and his ridiculed Friday SP entry.
Who's laughing now. Lol
Hasn't stopped them doing a load of stimulus though. They can say what they like. Whilst they keep on pumping greenback into the market, commodities are only going one way in the short to medium term.
One of those days when, fundamentally, there is no logic to the market wide dips. Sentimental nonsense and market maker shenanigans. Nothing in reality to worry BP investors. Topped up today.
Yup a sea of red on my end with the likes of Lloyds, Harbour & Bp. Positive is though bumper set of results at beginning of August.
Always baffles me how you see such drop offs when oil drops like who are all the people selling on small price changes *confused*
Stocks down pretty much in every sector. Good time to reinvest that dividend!!