Member Info for Jamesparsonage

I think even more important is that the pfizer vaccine appears to work against both new strains. The recovery is on! Still holding on to BP till spring, but may well come back here once were closer to flying

https://www.reuters.com/article/us-health-coronavirus-pfizer-vaccine/pfizer-biontech-vaccine-appears-effective-against-mutation-in-new-coronavirus-variants-study-idUSKBN29D0DX?utm_medium=Social&utm_source=twitter

Thanks for your reply. I guess my question is why does market sentiment cause a gap to be closed? Why cant the gap remain if sentiment continues to be positive?

If anyone has any decent links to technical explanations O would be grateful. As someone who has studied and is relatively comfortable (if a little rusty) with ideas like stochastic calculus and derivation of black scholes, would love to read something that goes into more depth than the usual google result (ie here are the fibonacci numbers, no you don’t need to know where they come from or why they work). Thanks

Oh I’m sure there must be some logic to it, otherwise it wouldn’t be so widespread, and I can kind of see how in a relatively stagnant market it makes sense, but I just can’t grasp how when the fundamentals of a stock are changing in a meaningful way that it could be relevant. My only guess is that if so many people are trading based on this technical analysis, the analysis in itself becomes a driver of buy/sell decision. Would love to hear from someone more educated though

I dont understand these charts at all, the whole concept seems very odd to me. Given that the price of oil is now different to when the gap occurred, as indeed is the prediction of future oil prices, why is it still relevant to look at the chart? Genuine question, as a mathematician I am curious as to the underlying logic

Though I guess BP does a fair amount of that fracking in the US so maybe not so great

Does this also have implications for fracking and therefore oil price?

Managed to hop in at 279, my 275 autobuy too pessimistic! Hope this holds now, GLA!

Mrlolol in the same position,

I currently hold £19k bought @ 264, and am adding another £16k tomorrow morning at whatever the opening price is. It’s annoying but not much we can do about it, still a good deal at these prices imo

Money just arrived!

I know as someone planning to hold for a while (I basically see this as a bank account paying over 5% interest with a strong chance of good capital increase) it shouldnt make much of a difference, but wondering whether we might see a drop from these high levels as a better entry point or whether I should just try and grab the runaway train asap? Obviously noone has a crystal ball but thoughts?

Come on BP give me one more day in the 60s... money appears to have finally left my vanguard account but not yet showing up in my bank account, hopefully I can get in tomorrow morning!

Schools go online. If you’re not a teacher and don’t have kids not a real difference, for those of us in both categories a real nightmare!

Looks like vanguard’s slowness might save me a few quid after all! I cant see the share dropping as far as last time as we now have a way out with the vaccines, thoughts as to where this will go with the lockdown announcement?

A race against time between vanguard transferring their money and the BP share price rocketing..Will still buy as long as it is below 300 by the time the money arrives

So annoying, sold out of a previous investment christmas eve to get into Bp, still waiting the 5 working days for funds to transfer.. would be nice if it waited a couple of days before rocketing..

Worrying interview by John Bell this morning saying the South African covid variant is more worrying than the Kent variant "by some margin". "It's here" already, and the current vaccines may not work on it: "There's a big question mark about that".

I do think everything will be fine, and they say a new vaccine could be made in 6 weeks, but it does sound worrying in terms of this share price, as any extra delay just sees the company burning money. Therefore I am staying out a bit longer until at least the risk of a second rights issue is over

Rr101 I am glad to hear it!

The thing is I am not sure the new variant will have any effect on the length of global shutdown rather than the intensity of it. Would flying have been back to decent volumes before vaccination rollout? Probably not. Will the vaccination rollout be any slower as a result of the variant? Hopefully not as all indications are that it should respond to the vaccine. So in that case why would the civil aviation cash flow be so severely impacted? Not making a point genuinely curious as to the answer

I have to say I am also slightly surprised and disappointed that with a brexit deal and the oxford vaccine that we are still so low. I will say though that I have often found rr to be a slow reactor to news, its how I got in in the first place, buying after the first vaccine was announced and still getting in under 100. I do think the share is incredibly cheap right now for where it will be in 6 months time. The fact that the government have announced that they will be giving the second dose 12 weeks later suggests to me that they think the rollout of the first jab to the most vulnerable will take around that timescale, which is really not long. Whilst we need other countries to approve the vaccine for flights to resume, the UK system is rigourous so I don’t expect it to fail in other jurisdictions. The question is whether rolls royce has the reserves to burn cash through to say June in a worst case scenario, which I believe it does. Therefore I will hold, even though it is painful to see it doing so poorly currently, I just need to stop checking the shareprice so often!

Rr101, I worry that the latest lost is leading you down a dangerous path. If you really want risky, go to r/wallstreetbets and yolo on GME calls. If you want decent returns over a slower period I would say there are a number of FTSE shares that are cheap at the moment, especially over the 6 month to 1 year time period.

Same, though it would at least match other markets, oh well.. surely astrazeneca approval will help at some point this week