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daltry,
"Have you all got some new disease? Chill dudes...FFS !"
I was wondering, myself.
Maybe it has somethingto do with this...
https://www.youtube.com/watch?v=g3X3rKtruSg
Genghis,
"I notice that for all the hostility and disbelief here, no one has actually challenged my view of the economy generally, or the oil market in particular."
I haven't yet hit the filter button yet for you, but it's close.
As regards 'the economy generally', I haven't looked at your own opinions particularly, nor at any 'economists', but simply followed gut-feeling. Which is the 'worldwide economy' is in crash-dive, and this covid thing isn't going to help the people commuting from Acton into the City to prop it up.
The 'Oil Market' is what it is. And also it's what runs the world's financial markets. HUR is just a tiny (but rather beautiful) bit of it. But don't confuse HUR for Shell.
@MakinHay : exactly.
protecting capital is important.
on reflection I bet we wish we had all sold out HUR when it was still 30p then bought back in lower.
however that is easy to say with hindsight.
I am here longer-term rather than to trade (which for PIs is often a mugs game).
^ I have got more HUR shares than you can imagine.
balls deep in them since I first bought in 2014.
14p is a great price to buy - but dont want absolutely everything in one basket.
PTS : You made me laugh! I think it's fair to say that you didn't quite get you're timing correct. However, buying HUR at under 10p was a smart move imo and one which should pay off in the long run. With regard to 'resources' . Yes, I am fortunate. I started dealing in the stock market about 30 years ago, stepping up from the Sporting Life to the Financial Times. Just big boys gambling really. There is nothing I haven't tried. With horses and dogs you place your bets, race runs, win or lose..more often lose. With investing or trading, you make your bet but have longer to decide your outcome. The one big thing I learned early on was that, as well as wins..you MUST take losses. There is no such thing as a bad profit, and a small loss is better than a big loss. I started with very little and have been successful...and lucky. I have made and lost £hundreds of thousands over the years. Happily still in front, but knowing the next big hit could be waiting around the corner. I am having a big punt on Hurricane and will hold if necessary. I am quietly confident that things will come good at something point. Xcuse the ramble..but self isolating and shoving in time. Wish you well. Rich
sound like you are shouting now....it's not good for your bp...
Ohh can I just all the Brokers, plus their rating, which you like to quote, on a rather regular basis JAdam... that'd be fair wouldn't it...
Nice trade. Also bought some BP on way down but 2 weeks too early (£3.16).
Just sold them (£3.20) would rather have cash out just now given state of world.
But will watch price.
Longer term they are a very good bet (but I think things will get worse before they get better).
Have you all got some new disease?
Chill dudes...FFS !
JAdam
Your opinion is a common one among non economists.
But as with common opinions on many things, it is a failure of understand rather than the expert opinion which is at fault.
I notice that for all the hostility and disbelief here, no one has actually challenged my view of the economy generally, or the oil market in particular.
That is the issue here, not what you think of my opinions, motives, or anything else. So if my prognosis, offend, pleae tell, what alternative scenario does anyone foresee, and on what evidence?
Swooooon..... ADUK... such a hero... broadcasting you've added someone to "The Green Box" awhhh ... It's such playground nonsense, equivalent to "I'm not talking to you" because you don't agree with what I say and don't do what I want you to. I don't think anyone is going to tie your laces....
JAdam,
Don't know how you managed to do that. I thought I typed quick.
Post of the year.
"Why do you think so many financial institutions employ them?"
So they can fire them, when they're wrong.
Having discovered how the 'filter button' makes reading this BB for real stuff easier, I think I'm going to add Ghenghis to the list. He's obviously taken some kind of terrible financial 'hit' somewhere, and is putting the 'blame' on Hurricane.
Sorry Ghenghis. Thought you were made of sterner stuff than that, but obviously aren't. 'Green Box' for you.
JAdam
Incorrect. Economic forecasts may not be exact, but they are in general not far out, barring inability to foresee the unpredictable. Yes, if you put 12 in a room you get 13 opinions, and if all the economists n the world were laid end to ends, they wouldn't reach a conclusion, I've heard them all.
Why do you think so many financial institutions employ them?
Genghis,
"Nor have I been doing any trading ; not my bag. My legacy position here is underwater, and now is not the time to trade out of it."
Oxymoron
" I don't intend to keep posting about my share activities"
So please stop doing so.
"If anybody here seriously thinks my prognosis wrong critique it. My view is that of an overwhelming majority of economists, and of an increasing no of oil analysts, and, I think, an increasing no of oil industry executives. In most of my posts I have provided links to sensible sources. If you want to ignore that, just bcos it is negative, that's up to you."
What is your 'prognosis', please, Ghenghis?
"But people who shoot messengers end up with flawed judgement ; ref the Fuhrerbunker, or, come to that, the current WH."
Meaningless twaddle.
Oh well. Another one bites the dust. Fertiliser-mine investment goes rock-bottom, house maybe flooded-out, and a car on the never-never. Shame.
JAdam, so you did buy an extra pair of gloves, you can now count 20 economist, or fairies at the bottom of your garden...
Genghis.... Interesting, a new dictat from the omnipotent, all knowing creature; no one is granted permission to change their mind, particularly if a view moves from the +ve to the -ve wrt HUR.
"But posting a link to a thing spreading 'negative sentiment' and which requires a subscription to read is pushing things too far" Such a sensitive soul that man; ADUK
Rich you have remarkable resources. Fair play. I too bought BP but 2.5k at 3.20, selling at £2.40 and investing the remaining £1800 in here at 9.9p. Not sure I did any of that right! I’m really crap at this game!
Just like to add that I completely agree with the described scenario. There will be a glut of oil and some companies will not survive on the lower barrel price. I do however believe that HUR will survive..and prosper. It is also almost a certainty that there is going to be a deep recession following on from Corona. Financial companies are already laying people off, lots of companies withdrawing dividends and ready to issue profit warnings once the dust settles. I know this from the inside. So be prepared for it. Along with the turmoil there will be opportunities to profit. Like always it is a case of good timing. Atb Rich
Just made about the easiest £10k ever on trading. Bought 10k BP last week at £2:25 and sold today at £3:33. . And the profit is going into HUR over the next few days to add to my existing holding. Happy to hold and wait here, as in due course poo will recover, as will the HUR sp. Hopefully the forthcoming CMD, whenever that might now be, will also be a positive. Atb Rich
I anticipated this sort of ill informed comment which is why I declared that still held a position here.
If you only want to hear the good news, you will make poor judgements. I have made no criticism of HUR. I am pointing out the dire economic situation and its likely consequences.
Nor have I been doing any trading ; not my bag. My legacy position here is underwater, and now is not the time to trade out of it. I don't intend to keep posting about my share activities ; I can't imagine why anybody would be interested. Nor can I imagine why anyone would think my views on here would have any effect on the sp.
If anybody here seriously thinks my prognosis wrong critique it. My view is that of an overwhelming majority of economists, and of an increasing no of oil analysts, and, I think, an increasing no of oil industry executives. In most of my posts I have provided links to sensible sources.
If you want to ignore that, just bcos it is negative, that's up to you.
But people who shoot messengers end up with flawed judgement ; ref the Fuhrerbunker, or, come to that, the current WH.
nm
It will be interesting to see how many of those who sold out are willing to log in every day to give us the bad news.
Genghis,
It is with respect to you, because I used to take you seriously, but now no longer can.
Others here remarked upon your recent 'negative stance', whereas you seemed previously to be very 'pro-Hurricane'.
More recently you've posted that you've sold, to a great extent. OK, that's your business, and whether you now feel it was a good idea is your own affair, as well.
But posting a link to a thing spreading 'negative sentiment' and which requires a subscription to read is pushing things too far.