Member Info for marfthew

Me too, topped up at 283. Hoping that was the smart move

So we can all agree that this news was public knowledge well within the market close today.

So nothing to see here

Daily mails report on this was out at 16.09, so plenty of time for it to drop before the markets closed and it didn’t. So I don’t think this is going to effect the SP much tomorrow as it would have done already

Boohoo is the only stock I hold that hasn’t participated in the ftse rally the pst few days. Disappointing and a little worrying if a broad market sell off did occur after the election as it’s made no ground this week

Hi Boyobach,

It’s certainly starting to look like this might be the real deal. Very surprised by the markets overall, ftse up pretty much 1%. It will be surprising if it keeps it up though with such bad news out there and oil tumbling. Let’s see what the Americans make of it when they start trading

Hi Boyobach,

I think the next week or two after today’s announcement and the US election RDSB will have its final fall before at last pulling itself out of this downward channel. I’m going all in at that stage and finally holding for years to come.
Looking for maybe a double bottom around 845 this week. We shall see. Going to be a very interesting all round. GLA

Avocet,

No sure why you have a problem with that. It actually went as low as 845 on Wednesday I think, so no not the very bottom.

Just trading a channel, it’s a pretty clear channel to see, even by drawing just two trend lines.

I have stated In here numerous times about reading this channel.

It may carry on up next week and I rue not holding it further and I do wish for LTH that it will break out of this channel soon.

Again not sure what your issue is.

I never short this stock and just play it long from the bottom to as close to the top of the channel the past 5 months. It’s worked very well for me most of the time

Hi Boyobach,

Good results and a good few days for RDSB against the backdrop of falling oil prices.

I bought in on Wednesday at 855 and got out today at 929.

In my eyes it’s still firmly in the downward channel and right at the top of it now, hence why I took profits today.

The rinse and repeat has happened so many times from here and with all the uncertainty I’d be surprised if there wasn’t some profit taking next week and it will continue on its way to the bottom of the channel again.

I may have it totally wrong and these results are enough for it to make a breakout from this channel.
Next week is an important week for RDSB from that perspective

I think you need to DYOR.

You don’t get 5% voting rights by holding a short position.

This is very good news that a large US Investor has scooped up so many shares the past week.

Well said Bandit1,

By far the worse board on LSE. The lack of intelligence on here is quite astonishing. Equally the use of the word loose for lose, always makes me smile.

Can pick out the odd decent post in between the myriad of garbage.

I’ve Successfully been in and out of this several times this year. Currently in at 235 and will hold until at least 310 in the short term. Over reaction here and will climb back in the coming weeks

Hi Boyobach,

Think it will be filling the gap around 906 first. I’ll be a buyer somewhere in that area

Hi Boyobach,

24 points with 10k shares. Not the biggest win I’ve ever had but still up about £10k in the past few weeks on it. So will take that.

Still a bit concerned with the downward channel that it just can’t seem to even challenge with any conviction at the moment. Could be in again tomorrow, who knows.

I like using the 15 as well for scalping but the monthly makes for particularly Interesting viewing on Shell to show how oversold it is, particularly the RSI

Hi Boyobach, I took my profits and got out first thing this morning near enough at today’s high (wish I’d done it yesterday). On the sidelines again now. Long term I’m very confident about the stock, however for me personally I’m happy to trade it at the minute In the short term to maximize my position. I don’t see it making any sudden huge surges upwards right now where I’ll lose out. But you never know

Hi Boyobach,

Well after Trumps stimulus tweet just now, I can’t but feel that we may be in for a red start in the morning. But you never know.

I still see it wanting to attempt the top of the downward channel around 980. Difficult thing then is whether to sell or not. Does it have enough right now to break through that, this is the question

I’m in at an average of 226, but would be very disappointed if this o my reaches 330 over 5 years.

If Brent can get over $70 per barrel again, which I see happening when the World gets back to normal, this is easily over 400

Normally mirror each other but Shell leaving BP behind the past few days. In Both 50/50 and hope BP can get through this 220 and play catch up

Agree, given the OP was expecting a bit more than this today and at least to have a go at some resistance higher up.
Unfortunately could see this selling off just as quick in the coming days after that performance

“If we follow oil prices to 60 and 70 $ a barrel where might roughly the SP be on those 2”

Hi neversellshell22,

I’d say the following:

$60 a Sp of £15-16
$70 a sp of £17-18

That’s just my guess

Sentiment is just not there yet at the minute. Have to be patient with this stock. It’s one for the end of 2021, 2022. Best not watch the day to days right now as it will just get frustrating. Pick up the dividends and sit on it.

Hi Boyobach,

Seems to be uncoupling itself front the rise in oil again once more today.
Whenever we have a bit of strength it keeps getting sold into.
Just hope it bounces around and builds some support in this area now instead of finding itself back in the recent aggressive down trend again