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I bought back in at 242 and hope to buy more but am waiting for below 225. My average is about 250. I am certain this will be a solid investment in the coming months.
Just have to look the other way for a time. I feel certain this will make the 300s in a matter of months. On a positive note, it looks like 240 offered a touch of resistance for today - thank goodness. But I've been checking this forum for a year now, everyday like an addict. Had to force myself to switch off for the bad days or accept that it's just a matter of waiting. Good luck mate. As I said, I am all in now too for better or indeed worse.
I feel your pain. I was in just over a year ago, bought in at 150, watched it drop to about a pound then got out after vax news at 225. I remember the stressful journey. Mind if I ask your entry price? 6 month ago would suggest a bit higher than now, so I can imagine your feelings about it.
Hope I was wrong about declining to the 200 - 225 range, as I am now all in with a 250 average. Long hold till mid 300s. God help me.
Getting impatient - just sold my entire holding in BP. for a 254 entry. 1st amount of 2, just incase of a further drop.
Just sold as I suspect a temporary pending correction in oil and the share price seems to be following Oil closely at the moment. Looking to reenter at a lower price. But yes I suspect the low 300s are over.
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Well done, Emerald.
Prime, agreed. Good luck, mate.
Perhaps you are right, Primetime. If so my loss. I am currently mostly in BP and looking for an out point. But only if until I'm able to find a better buy - don't want to miss the incoming buyer's market. This was my favorite play, but I know better than to trust mere logic. I know the company is sound, but I'll stick to my guns on this one. If this doesn't drop to that level I'll just stay put. Selfishly, I hope it does.
Much of what is said here is true enough. To my mind this is a steal of a share. I was in last year from 150. Thinking it would drop beyond that, weeks later it was close to a £1. Timing is my issue with investing right now. The charts also suggest a further drop, before a rebound. I was planning to join at the £2 mark, but don't want to get too greedy. I certainly don't think it's plain sailing from here, yet. As I said sentiment seems weak. Anyway, I wouldn't worry too much about it if you are in the red with this stock. I think this is a great recovery play, long term especially.
Oil up. Adr up. Bullish trend remains it seems...
Between the shorters and lack luster sentiment in spite of the positive news, I think there will be new lows before rebounding to further hights. I definetly think this will touch 300 again and, givern ample time, higher still, but I am trying my best to be patient and wait till the 200 mark or lower to fully commit.
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