The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Ill start building my bunker Jonny
Yikes
Supercharger thanks for sharing your insights and story, yours and svends posts are a breathe of fresh air!
Svend what a great play on words you have and I completely agree with blue skies ahead, seat belts are fastened, bring on 130 ??
Compound please enlighten me on where you would put your money to work if not BP. I’m really interested in what other equities / ETFs you have in mind?!
Well said spights, all people have opinions, and that’s all they are, backed up by some research! Probably very little, other than articles found in the media circus and this board!
Let’s hope for a good day, but let’s face it who knows!
phew, I'll stand down then :-) apologies...
For all you newbies . There was a rights issue in October 2020 whereby 6,436,601,676 New Ordinary RR Shares at 32 pence came into the market. I would hope you all know this! This means that RR will never go anywhere near £900+ which it reached in 2018 at its height. I am holding, and benefited from the rights issues buying many shares at 32p....I'll be happy with 130 / 150 and ecstatic at 175, please do your own research rather than reading some of these ridiculous comments.
Hi Char, yes I would agree with you, we never quite know what is around the corner, never more so than now! Sounds like you are on the side-lines and not invested at the mo as its a little risky? Having bought Shell multiple times ( 9.50 to 13.50 range and sold a few along the way I am holding a good average. I personally see Shell as quite a low risk, divi paying global energy company, which is becoming leaner and leaner every day, as is BP where I am also invested. I can't quite see £17.75 anytime soon, but I'm happy waiting this out. Oil normally follows inflation, patience is required, by the bucket load!
I mean £13 ??
Pre covid we would have all jumped at the chance to get in around £3. I’ll happily sit back, hold, reinvest the Divs, smoke a few cigars and chill.....I’m hoping that we see £15 at some point this year , but that’s all it is a hope!!!! Divs will increase and so will my share holding. Hold for me !
DFF - I believe Saudi need to play the long game re oil and draw consumption out for as long as possible. They will be very aware that high oil prices = faster push to electric, I can see Saudi wanting oil prices to maintain around the $60/70 for as long a possible...Will be interesting to see how they proceed, and how the market reacts!
I completely agree Mark, I've also been tracking Reckitt Benckiser, they are starting to look good, does anyone hold RB?
just logged on, currently 850 buy orders to 462 sell, couple of big sells orders at 350k asking 111.
I've been following level II for months and there has been a lot more buy orders to sell, ( even on red days ) as soon as BOJO allows Brits to book summer holidays this stock should fly,!!! ( I hope ) so assuming no more bad news and corridors opened 180+
It was opened on the 4th Feb, and they increased it yesterday by 0.03% so not a lot!
level II currently showing 1100 buyers to 500 sellers!
I'm more twitchy about the state of the US!!!, huge infection rates, possibility of Lock down scenario, rioting , Nasdaq at an all time high, stocks like Tesla in a huge bubble wrap, and to top it all off oil stockpiles again!!!!
https://www.worldoil.com/news/2020/11/20/us-crude-stockpiles-approach-may-s-record-on-new-lockdowns
Adamski - I really have to go as my Gin is getting low, however, as I'm not a Market Maker and cannot see tomorrows orders or even the ones we don't even see! I don't have the answer's you are seeking, all I will say is all the BUY orders you listed earlier are not necessarily BUY orders. THATS IT, I'm out, WILL CHECK IN AGAIN IN 3/4 WEEKS , to see whatever other comments I can add value too :-) Please look at how Shorting works and how they are shown on Level II! BOOM
lets go back to basics folks, if you feel a stock in undervalued and you're LONG and you feel there is some value in buying the stock at the given price then BUY BUY BUY and hold.....Yes Oil stocks has historically gone up with inflation, couple of quick pointers and then I'm off:
1) Forget charts, although right now they could be your best friend!
2) Buy at support sell resistance, OR just just HOLD depending
3) Don't buy into Momentum and avoid buying in the open, they see everything!
4) Forget the charts, you're/you are not smart enough to know how news will effect the price!
All the best people, and I also know nothing!