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If you can hit bottom and get uptick plus divi ideal!
Dow futures off 1.2% so may see one more spike lower but Not particularly concerned
As got good fib support 523_525 area and recent buy backs lowest 542 up to 576
Fingers crossed
oil holding at the moment Dow futures up 60, think £600 more a psychological level than a technical one as been some time since we have been here before but a lot has changed!!
Bought 20k shares at 598 because hate to miss the boat, get out if 585 goes,
sold eur usd at 1.1662 and bought it back yesterday 1.1545 so put on another £3k to protect my Bp purchase at the top, just in case it fails..
I would be a seller BP 625/633 area though and wait and watch next moves on majors
Hmmmm might have been a bit premature selling 30k shares.
two things came to my attention over the weekend;
1, 59 MILLION MARKED AS BUYS ON FRIDAYS RALLY, BUT WHO IS ON THE OTHER SIDE?
I SEEM TO REMEMBER A SKANDI GOVERMENT OR FUND WAS LOOKING TO SELL ITS £3 BILLION HOLDING OF BP???
2, OIL.COM PICKED UP ON A LARGE BUYER OF CRUDE ( TOP GRADE) BEING ONLY OFFERED 2/3 GRADES LOWER AS DEMAND STRIPPED SUPPLY FROM SAUDI GOVERNMENT HENCE TODAYS SPIKE IN CRUDE.
Still made 5% last week on a chunk plus Divi , still holding 20k shares at 541 , paid very little commission as T10
SEE IF WE HOLD ABOVE $80??? I would now be a buyer mid to high 40;s if we see that dip
sold 20k near 564 on average, long 50k at 541 now long 30k at a much better rate, dow futres up 50 so will sit on offer for another 10k at 568 and see what the weekend provides as to brexit and crude????
have a good weekend all x
Those last 30k shares really helped, I was getting bits at 531.50!!!
Always had them in reserve to dilute average as prematurely bought
In low 50's for 20k .was looking for a 10/12 % pull back to get back in
Coinciding with my supports on fibs 523/525
My only concern feels the market all the same way with latest broker recommendations
You have got to look at hargreaves sentiment bar, can't go anymore!!
When I was trading vs, and charted manually point and figure,
Bought 150 million usd dmk and the guys in the room asked
Why are you buying?
I replied run out of graph paper, can't
Go any lower!!
!