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Waiting for this to go down more till I buy more.
Dont believe you either.
I bought in at 9.36 and sold at 1400. :)
Mmm. I assume this might be aimed in my direction?
Funny thing to question. Okay so I've looked back at my Contract Note:
Equinity: March 18th - 14:24:04 (that's the time of the trade, in case you are having problems following)
Price £9.247
Sorry you missed out!
Grant
Caitlin, I do believe the SP did go down to around about £9.20, but it didn't stay there long. No reason why someone couldn't have bought shares at that price. Could have been a limit order after all.
I dont believe you bought in at 9.20.Think your a bit of a Walter Mitty.Liar liar liar.
AIBG..just paid a nice dividend and have also climbed.
2 oilers (this and BP) 2 banks (Lloy & Barc) pharma (GSK) and miner (AAL)
What else you looking at Traa?
Mainly traded small caps on AIM, but the lure of these large ftse 100 companies falling so markedly due to the black swan event of Covid19, compounded by the oil spat has presented some fascinating opportunities; be it trading or investing for the long term. Started buying in a couple of FTSE 100 companies, but was wrong footed out by the sudden increase in Ftse 100 driven by the Dows rise after Fed stimulus et al.. Have to say the big caps are trading like AIM stocks with the large, almost daily, swings. Personally think the lows will be retested fairly soon due to the inertia over the oil price and the full impact of the virus not being fully appreciated in the US (regrettably escalating cases and deaths, mass unemployment and the loose canon that is Trump) Markets always look ahead so catching the lows are virtually impossible but I think the increases of last week will be reversed. Have my list of 5/6 big stocks to scale into when they reach my individual buy in targets. After slicing, would look to hold majority long term to fully appreciate the unique opportunity the current situation presents.
I believe that a young man called Bill Gates got his original code from IBM and now we have Microsoft.
There are always missed opportunities. Indeed Bill Gates originally dismissed the Internet (but he did change his mind).
Will oil always be this low, will it remain low for a long time. Nobody know. But nobody except Saudi Arabia can keep profitable at these levels, so an agreement is just a matter of time. Trump will also put pressure on OPEC (& Russia) to control production....although a cheap oil would help in a global recession!!
Carnival too...cheap because they have really been shown to have poor practices in handling a contagious virus. But people have short memories, and apparently people love cruising. Given suitable deals they will return...people love a bargain holiday. If the price remains low for too long then a takeover is possible too. But Carnival is one company that could go to the wall, or be a very different company after this pandemic is over. Depends on how much they can cut costs & mothball ships.
Thanks for that response,
I wanted to think over the week-end what I should do if Shells sp falls significantly again. As you rightly say, I have to take my own risk. It's confusing for a newcomer to make an educated decision on received opinion when the opinion appears so very equally split. In others words, I've done my own research, but still find it impossible to draw a logical conclusion.
A handful of other 100 companies have also lost more than 50% of their share price. Carnival Cruses..?
Once the virus passes, oil is still cheap and everyone wants to go back on holiday....Thats one argument.
Once the virus passes, oil is still cheap and NOBODY wants to risk going back on a floating Petri dish ...is the other side of the same coin. As you say, its risk and guess work to some extent.
Sometimes large companies worry me.
Whilst I don't want to dilute this discussion board with non Shell chatter, but as its a quiet Saturday, here is a little known anecdote from my uni days:
Sometime around 1998-9 - British Airways (well, British Caledonian, a fully owned BA subsidiary) leant a chap called Stelios two aircraft. He painted them orange, stuck big telephone numbers on the side of the planes and called the company EasyJet...You know the rest!
Big old companies, sometimes need glasses too, I guess.
Some very good posts and food for thought
Grant, valid questions to ask. Is Shell as 'safe' as we investors think it is? I don't know. Perhaps ultimately that's something that you will have to work out for yourself. All investments involve some amount of risk.
But probably if Shell goes under then there are a lot of companies that would also go under....it's almost like saying it would be the death of Capitalism (or the version of Capitalism we currently have). Not impossible but seems unlikely to me.
In the long term Shell (& a lot of other companies) have to adapt to a low carbon future...that's the big obstacle/opportunity for Shell & other oil companies. But in the short term I expect things will return to some sort of 'normal' fairly soon....but what do I know & who the hell am I anyway...nobody of consequence...just a person with an opinion, just like everybody else.
Hi there,
I am really new to all this and enjoyed your post. I don't mind what peoples opinions are, I just distrust people who are dead certain of what they post, or only post with one attitude.
I wanted to ask you - or anyone else a couple of simpleton questions. Ive recently bought into shell at 3 different price points, low £9.20 - low £10.20 and £1370 ish
I can hold or loose the shares. it won't be the end of my world. I purchased some in Imp Tobacco and Nat Grid at the same time. I only have the 20 year chart to look at, and the papers to read to form an opinion regarding Shell, so I want to believe you are right, that Shell is very cheap, and like you and others I've held cash back that I can invest if the SP goes lower. In the end I am looking for income, I don't need capital so much.
But...what is to stop companies like shell - enormous operation that can't always adapt and change quickly going bust?
I think back to Marconi -GEC etc...
Of course we all need oil and gas, but its not the only oil and gas company in the world, Europe or even the UK?
Would just like some opinion as to why Shell won't go under...however unlikely that is.
Thank you
Grant
I wonder if the new ISA allowance will give shares in general a bit of a boost in the UK...even in the short term. Will people have the money?!
Sub 9 and I start throwing knives : )
If the sp goes up..happy days..if it goes down even happier days. I get my average down and a bigger divi : )
Bloodshot, a good strategy...working on getting your average down.
As long as world war three is avoided I think well do ok : )
Kept some ammunition for if we go sub 11 and if sub 10 again ill empty the clip.
Bloodshot, good post. I've noticed that when people start talking about £8 a barrel oil or RDSB is doomed, it's usually a good time to buy. Could well go lower...sub £10 again. But I expect in a years time when the Virus has a vaccination and the Saudi's have struck a deal with Russia (after all US shale producers have gone bankrupt obviously!!) we will look back and say "Blimey Shell was cheap back then".
Opinion...buy, sell, hold or run around in circles shouting patang! patang! Like some of the loonies here.
Not easy being an investor is it. Any guesses as to where the sp is going next? Plenty of opinion and wild or educated guesses on here but of course no one really knows.
Im not such a sophisticated investor. Ive just been muddling through since dotcom boom bust days and 'mostly' just about keeping my head above water but even I can see the opportunity of a lifetime here to own shares in one of europes biggest companies paying (at the moment) a very fat dividend and with potential for a 50 to 100% capital gain in the next 1 to 3 years lets say.
Picked up a nice chunk at 12.6 average yesterday and will try to hold for the medium term at least, while enjoying the divi..wether 12%, 10%, 8% it beats the 1.5% (soon to reduce) that ill get with my money stuck in a bank.
Thats my thinking and right or wrong ill stick with it. Amusing reading some of the posts here, even the outlandish ones but they wont change the way i think.
Each to their own and good luck to all.