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Zion, mine is an arbitrary figure that I plucked out of the sky. This is what novices like me do.
I started picking up 500 RDSB shares each time in July at 1180, then 1080, then 980 and finally doubled up at 900.
I sold 2000 at 11.20 after it got ex dividend expecting prices to drift downwards with the intention of buying back at below 1070, esp with the Covid and lockdown in Europe.
Boy was I wrong. It has sky rocketed since as a result of the vaccine news.
My 1180 is probably wishful thinking. I wonāt go in at current levels but would certainly get back in if there is a 10% drop from current levels to under 1200.
And then again if it goes under 1100. Again wishful thinking as the pounds Iāve got from the recent sale is sitting and waiting.
Sorry, itās 11.80 for Shell to add 1000 shares.
Char. Excellent advise . Thanks.
Although Iāll be 50 next year, this year was my first experience buying shares directly. Before this it was only investments in fixed price funds gave me about 5% returns.
The rest of it was in FIxed Deposits giving me about 3 to 4% per annum here in Malaysia.
However this year when interest rates tanked, I was forced to seek alternatives.
I chose to invest in good companies like Shell and HSBC which were experiencing 20 year lows. I knew things would eventually get better and I was lucky could even double my money in 5 years.
For Shell, I averaged down. For HSBC I was trading and slowly accumulating.
Unfortunately I didnāt imagine that the prices would jump so much and I had sold too early. Although I made money from both stocks, Iād probably been better off if I didnāt sell in early Nov before the 3 consecutive weekly Monday vaccine announcements. It may jump again next week if there is some good news on the Brexit deal. Hopefully there is a 10% correction in Dec so I can get back into both the shares. If I do, Iāll just keep it in the drawer and forget about it.
For Shell Iām looking at 10.80 and HSBC Iām looking at 3.60 or thereabouts.
Exxon Documents Reveal More Pessimistic Outlook for Oil Prices
The oil giant has lowered its expectations for prices for much of the next decade, internal documents reviewed by The Wall Street Journal show
Down to 1300 today. Iām hoping that Iāll get a chance to get back in at 1180. Wishful thinking but in this market, no one knows. Otherwise my pounds go elsewhere.
Itās up up up. So OPEC meeting will push it further up. Brexit deal up some more. Ā£14 coming soon. May even hit Ā£15 by year end. Itās irrational.
But at least I still have 1000 shares left.
Reduced to 1000. Me too.
How I wish I didn't. At 1130, I bet that it would go down and sold 2000 shares too early.
In hindsight I now agree.
Never sell shell. I'm keeping my 1000 shares until it hits 20.
Going up Ā£3 in last 3 weeks means to me it can go down Ā£1 to Ā£1.50 before Christmas. If it does Iāll be back in. As Iāve said before , if you are willing to keep this stock for 3 to 5 years , there is bound to be decent returns. But oil and gas may just go the way of tobacco companies in the long run. In 10 years, we will probably start seeing the effects of green technologies, and demand for oil dropping.
Hoping to get a chance to buy back what I sold in the coming weeks and stay put after that. Looks like one last chance over the next few months. A harsh a COVID winter seems to be a certainty. However, the only thing that can salvage the market bw now and saw Jan/Feb 2021 is an emergency stimulus in Dec. Anyway, it promises to be an interesting next few months.
Yes, I first bought RDSB in July at 11.80. Then averaged down at 10.80, 9.80 and finally at 9.00. Accumulated 3000 shares bw July to Nov at an average SP of 10.00. It was a perfected and patiently executed strategy for a newbie like me. The intention was to keep the shares and enjoy the dividend.
However I got greedy on Monday and sold 2000 at 11.30 thinking that I could flip it for a quick profit and get back in.
Whilst there is still a slight glimmer of hope that winter may cause a correction to the oil price and we may see sub 11.00 levels again, the present momentum seems to suggest otherwise.
As for me , I guess I just have to sit tight and wait for now. Buying at present levels are just too rich for me. The next 2-3 months would be a testing period.
Whilst I wait, are there any more good bargains on FTSE that I can utilise my Ā£ on. Thanks
The Rally In Oil Stocks May Be Short-Lived @ Oilprice.com
https://oilprice.com/Energy/Energy-General/The-Rally-In-Oil-Stocks-May-Be-Short-Lived.html
Well, good Brexit news seems very possible. UK doesnāt really have a choice now. Cummings exit seems to be the end of hard Brexit. So guys get ready for Ā£13 soon.
Well, all I can say is I now feel like a fool to sell at 1130, thinking of making a quick profit buying it back lower ex dividend. Luckily I still have a third of my earlier holdings. Great news to everyone who is still holding on to your RDSB shares.
Any chance of it going under 1100 before year end?
My broker just called me and offered me cash dividends or Dividend Reinvestment Plans (āDRIPsā). I opted for DRIPs. That was for the 3000 shares I owned before ex dividend date. Should work out to about 30 shares or so.
I sold 2000 shares yesterday at 1130 just before the Mordena announcement, I was kicking myself for pulling the trigger too fast. 1180 would hv been perfect. Really hoping I get a chance to go back in @1050 & 1000 but it's looking unlikely. Too much optimism around the vaccines.
Thanks Char. As I must have said before, Iām currently sitting on 3000 RDSB shares at an average SP of Ā£10. Whilst my goal was to keep it for 5 years and hopefully double its value, the recent jump in SP over the last 2weeks makes me wonder if I should do some trading in between. Maybe offload say 2000 shares at Ā£11.15 and rebuy under Ā£10. If it goes under Ā£9, I may even top up 2000 more shares in RDSB.
Sitting tight is the hardest thing to do.
It closed at 1115 on Friday.
As the Covid situation gets worse in US and Europe, I wonder whether it will have an impact on the SP.
Logically it should but next week I anticipate results from Mordena regarding their vaccine tests. Fauci expects it to be very good too. So another bump in SP after that.
Any insights guys?
Getting worse