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Ceders ...where you seeing your buy back range at
The Sp only have to drop bellow 310 to be out of the rising channel and confirm the trading range.
I am patient , low 290's with 1/3, more if we get to the 280's. I am still scratching my head with the 2.62 gap, this could be possible when the buy back stops end of May. Shell did close it is Feb's gap, but one still open at £12.
Thanks cedars I enjoy your posts, I get people don't like to hear the truth that shares can and do go down as well as up but its part and parcel of dealing in shares. Gives a balanced view. I'm holding to near £3 after buybacks and the unleashing of the 'economy and travel' hits home that its subdued
Wishful thinking. We will see.
Starting to see a lot of wishful thinking from those saying they sold up..."oh its falling to 290p again.."
Hmm wonder what the motivation is there.
I think the world has moved on Cedars. There will be fewer dips from now on. It’s all about to get a lot inflatey, with the odd setback but the prevailing direction will be TO THE MOON.
I cannot think for 1 second that the "here comes the £2.90" brigade make the slightest difference to BP share price.
Decent day overall and I bagged some more Shell as well....
Yup. A lot of wishful thinking buy thise who sold. Time to move on.
Currently up 0.8% since close in US
BP adr closed $26.50.
So 26.50/6/1.389 =£3.1797, is that right? Happy with that.
if it doesnt fall out of the rising channel today 310 low, it needs to rise 4 per day for 7 sessions on average and may touch the 346 pivot, intersecting line from march lows through two highs of recent weeks, with resistance of channel from precovid fall, the 326 high of weeks ago, both of us got out at 324 was the touch of the support of this downward channel, it might touch the resistance of the top of channel this time at 346p on fri 14 of mon 17 may, guessing will fall for days after if does
There are lot experts here who wants to penny pinch, they may get few pennies but will lose out on the big rally, energy stocks is where money should be in, 350 plus very very soon BP and RDS undervalued to its peers and are no brainers hold on to them
Bo I get what your saying but ceders called it pretty accurate over last Quarter on pricing, anyway everyone just wants value and to make money at the end of the day so best of luck BP ers.
Bp or not bp I don't disagree with that, but this time wind has changed. Follow BP.
HSBC fell out of its rising channel, has now recovered and is massively back on the way up. VOD is the same. These things are not ordained and are due to market sentiment as much as any technical analysis. The fundamentals are sound and sentiment is very much shifting. As I’ve said before, the “tradey” nature of BP in my opinion Is coming to a close and we should be back to solid gains with the odd paper hands pullback every now and then Liz I won’t want to miss out on the big gains that are coming.
if it does fall out of channel, below around 313 today and stays below it, another possible pivot fromn that upwards line and the higher top parallel downwards resistance line is 350 on mon 24th may, guessing either way would fall far days if touched
"There are lot experts here who wants to penny pinch, they may get few pen....."
Expert don't penny pinch.
Why do people care what others do on here as long as we make money... sour grapes lol
Yes every quarter I'm making over 2 per cent in dividends.Hold.
2%.....
How do you make that out ?
Good morning Caitlin, I'm with you, easy money if you bought in at the start of the pandemic :-)
Significantly higher than any bank would offer and compounded growth to boot. Whats not to like?
Only way you could get 8% yield at the current prices is if you were trading on margin and were either not doing the calculation properly, or had only set aside enough capital for the price to fall to around 290. Other than that or you bought shares at 190p and are calculating your yield based upon your original purchase price and not the current price.
Never depends when shares were bought
You'd surprised how many people work out yield based on their purchase price. I agree it's not the way to do the calculation, as you are mixing up your capital growth with the current income to give a personal, historic figure, and not an analysis of the current open market position. I see people do it with shares and property, and it can be very destructive, especially for income investors.