Member Info for Ashstash89

What I fail to understand is, why you think when the SP falls to somewhere below 25p that you think that it's heading towards 20s? The SP will do whatever it decides, and all this noise isn't going to change that. The longer it goes on without going anywhere near 20p, the better for all of us holding.

Adam - it was range that predicted “boom” mate. I’m a bit more pessimistic.

Anyway. I’ll say 25.4p close. Already reached it’s highs I feel

You like a good ramp on this don’t you or just ultra positive? It’s not moving anywhere fast to be honest. I wish it would but it’s stable at least.

It’s not touching 24.5p anytime soon

Careful pal. It’s not exactly sticking at a high level.

Ermm, more buyers than sellers perhaps?

The SP is extremely resilient atm. It's definitely sticking over 25p. The downside is, there's no strong upward movement. But, I don't expect sub 20s etc any time soon. It's just annoying it's not getting a big break.

I can’t see it hitting 30 just yet. 27 max. It’s not resisting at 26, so for 30 to be hit without huge buying pressure, will be a toss up. I hope it does, but I think maybe see how Monday goes first.

How do guys think the market will react to headlines etc? Seems slightly on the negative side. Hopefully Tullow has a some immunity and is more centred on their own financials, oil prices and trade fundamentals. Btw I’m talking about next week more so than long term.

Ridge - it’s only as risky as your stake and what you’re willing to lose. If you hold for a rise, it’s fine. It’s not that risky imo, especially based on the SP. I took a punt last week and I’m hanging in there. Not worrying at all

Guys, this is actually ridiculous. Worst than Instagram or YouTube comments section. We’re on a trading forum about making real money to live, survive, buy assets etc. Let’s get back to discussing share prices

There’s not that much correlation between the two. I prefer to analyse candlestick charts. Gives a good indication of price action. I think Monday will be positive, but don’t know how much by of course. Volatility still remains

Laidback - over 12% loss in a day. Doubt it unless there were major news. You’re absolutely spamming now.

I have a feeling that the majority of factors (both positive and negative) have been priced in. However, we don’t know when the next wave of real breakout news (again, both negative and positive), will shift the SP. We all know that oil prices are uncertain and that recession will be announced by Q3 most likely.

With that being said, I think there will be incremental falls and rises for the majority of the year. If you sell for a gain, then great. If you buy in, it’s a risky thing but could pay off if there’s a 2nd major dip.

I sense that usually, the 1st major dip (with has happened), is usually the worst and most severe. So it’s less likely to happen again unless everyone was shorting. I suspect if you hold, as long as you bought after the big dip, you’ll be fine eventually.

I must say though, this is fun and interesting for swing trading, which I hope to do more of.

Yep. Well said Adam

Judging by the headlines, I’m not to jolly about next week. I hope I’m wrong, but there’s so much uncertainty still. We’re not over the hill yet. Probably good to be invested in oil than most other sectors, so I guess that’s a positive. It’s a toss of a coin

I never said it was fake news? But do you think this sort of news is going to make every rattled enough to sell their shares? Many other factors, not just this oil situation. Also, did you not notice in the article where it said “We can’t say talks hit deadlock. We expect a breakthrough to be reached soon.” so I don't think it's all bad news is it. Clutching pal.

Arab news, haha you guys are clutching at short straws

One thing that I find interesting is that Tullow seems to follow BPs trajectory somewhat. Almost like a tracker fund, haha

Truth*