My current thoughts10 Nov 2022 12:45
Shell has become a permanent long term part of my portfolio but it still needs to be managed. Having traded it from below £10, when my ultimate target was anything over £19, I have now taken most of my profits and only have about 33% remaining from the maximum number I ever held, hence I don’t post here as often. These days I’m content to trade the top swings using a third of my holding. I find this adds to the dividend income significantly, with my total net income over the last nine months (2022 first three quarters) being four times what the dividend has provided. I don’t trade as aggressively now and could have done better if I committed more time to it. The last cycle, coinciding with the run up to ex-div and having reacquired today, it netted me three times the divi for the number of shares traded. I may use the total accumulated profits to eventually add at some point - buying small amounts of Shell is not cost effective. I can’t understand why people re-invest dividends immediately on payment day without looking at the market - it is often not a good time to buy. I also have a stop loss level in mind - currently 2140 - as I don’t intend winding up like many RDS holders did in 2020 if OP drops away sharply. My add point, which naturally has to be reviewed and coordinated with my stop loss, is currently around 2200. Whilst £27 is now on the radar chartwise, I doubt that the company is keen to see the sp reach that level from a PR pov. The threat of an enhanced windfall tax is ever present too - I do recommend Getagrip's post today on that subject. So I’m conservatively assuming that £26 could be near the top for the foreseeable. https://invst.ly/zihhl
OPEC+ seems to be firmly in control of OP currently, and I think it will remain fairly steady in the $86-$100 range through winter.
https://invst.ly/zihjw
GLA & DYOR etc.
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