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That’s good advice Boyobach Thanks
I don’t do technical analysis but have heard watching shares crossing various day moving averages is a good way to look at things so buy on the move above rather than the fall below
Fortunately I’m not taking big blocks but trying to pound cost average 250 shares at a time to end up holding 1500-2500 shares depending on how I feel about holding. I think many on this BB are much bigger and more experienced fish!
typo obviously:
'.....better to buy at 1000 on the way up than on the way down...'
I’ll keep buying on dips ...
I've done that myself and it's often proved to be a disappointing road to follow. I reckon it's better to by at 1000 on the way up than on the way down - when you can be fairly confident it has turned the corner. RDS has already reached 990 and the pace has accelerated since Tuesday. https://invst.ly/s6gva
Agree
The dividend payable in $ slightly reduces the yield with translation of 16c down to 12.09p this time
I guess the problem with yield over time Is how SP performs as any fall undercuts return calculated on an aggregate yield and capital return
There will of course be a pivot point at some level of SP bit with imperfect information market volatility will persist.
I’ll keep buying on dips hoping for support based on forecast cashflow generated from oil price recovery
As RDS is primarily a dividend, rather than a growth, stock the main calculation for institutions and many others is presumably regarding a satisfactory and secure level of yield. This is hovering around 4.9% currently and, given that RDS cut rather more than BP, presumably on the basis of not cutting twice, and has, I believe, also based forward guidance on OP below $40 average for the year (it seem set to be $42+) those factors should relieve some of the downward pressure. However, there's no doubting that some potential buyers will be staying away right now to see how low it will go whilst some holders will be considering the same issue from the reverse side. It's the usual game of chicken in that respect, so keep watching the highs would be my advice: https://invst.ly/s6dgs
I think $ weakness is a factor this time around in terms of relative floor price and is affecting commodity prices in general
The $ weakness is due to amount of US QE that’s been pumped into the market but undeniably the sector has been shunned and there’s still a persistent demand side issue the supply side is struggling to address
The impact on the business is also cumulative and will take longer to recover from the longer it persists but I’m sticking and will continue to top up with small amounts at this level to average down hopefully allowing a quicker exit on any recovery
I’m still hoping for £15 by end 2021 GLA DYOR
I think in this time around with certain stocks like RDSB,RR,BP will be given the chance for the public to build up portfolio over longer time, patient would be the virtue here
Pandemic impacting oil utilisation. Bargain at these prices. Just bought more. GLA DYOR
Maybe £9 or lower at this rate.....
Well, with 1010 gone it'll move sharply to the next level, 985-990 maybe. A bit early to call 890 but that's the previous marker from March 19th.
So when will people startinvesting in Black Gold again? Looking at America, things appear to have picked up, but the UK is still in a downward spiral; so is it the commodity or something else, such as concerns over BREXIT?
Maybe £9 or lower at this rate
and some change soon....