Member Info for marfthew

Hi Boyobach,

I had a buy order at the support around 965 that has been triggered. So I’m in again. Not sure why it’s lagging the other oil majors today, Total up over 3% and Exxon 2.5%. Shell struggling.
Have a trailing stop in place again as this can sell of very quickly again.

Haha. I wish you the best of luck waiting for that

Shell is a very very different proposition to Vodaphone.
The World didn’t really need a company like Vodaphone anymore. The World still will need many of the things Shell has to offer in the future. These are bargain basement prices, they may still go lower, but in the years to come these will be extremely cheap

The worst is starting to get priced in now and I wouldn’t be surprised if the results are quite a bit better than expected. At these prices the dividend payments of the likes of Shell and BP even with the recent cuts look attractive again compared to most

I totally agree Boyobach,

I’m on the sidelines for now until there’s a clearer picture.

I see Genel is having a good day, I can’t fathom why it’s been so strong the past week whilst everything else has tanked. The direction that stock takes hAs always been a bit of a mystery imo.
They can get it out of the ground cheaper than most though, so I guess it’s one of the safer oil plays

Haha,

Yes it’s a little bit like that at the minute. US markets are having a decent Green Day today and U.K. futures are bouncing back after hours, if that continues into tomorrow you’d expect a positive open.
Technically the path of least resistance is down unless the recent bottom acts as support, BP held the 233 mark today which was its recent bottom, Shell holding up a bit better.
Charts aren’t really helping here at the minute, imo could go either way depending on continuing daily news.

My trailing stop got triggered yesterday. Still a healthy enough trade and nice profit.

Tricky to know where it’s heading now, if you’re looking long term the prices right now for Shell and BP are extremely cheap. However these stocks are certainly out of favour at the minute and there could be more downwards pressure tomorrow and next week. However it’s in oversold territory and can turn quickly and have a nice run up.
I may dip my toes in again tomorrow hoping for a run upto the 20dma next week.

Hi Barrieprov,

Thanks, sometimes they go just right ??.

It will get back there soonish. Next year it will be over 15 at some point again even if there’s some more pain to come in the short term

Hi Boyobach,

It could be starting to form a bottom here for a run upto the 20dma and top of the the longer downward channel. Hard to tell at this moment. Happy with the price I got in for yesterday, not far off the very low point. I’m in with 10k shares, in the money now and have a trailing stop. We shall see

I’ve bought at 2.33 also today. Strong resistance there, it’s oversold on the dailies and I’m expecting a jump up in the next week or so to the 20dma which seems to keep happening every time it hits the bottom of the downward trend channel. I will probably get out at that stage as I’m trading the channel right now. But long term anything around this price is a good buy

Hi Boyobach,

On my charts we are at the bottom of the current channel and dailies are overbought, hence I’m happy to buy here. Agree about the March low but I don’t think it will be happening this time around. See another pop up towards the 20dma from here and then down again to potentially tests the March low. I’m happy to trade the channel for now

Must be a buy soon as we seem to be getting the World is coming to an end comments now.

Way oversold on the dailies. Selling will stop shortly and there will be quite a strong bounce back from here. Up to the upper part of the downward trend channel. Likes dropping and then rising to its 20dma the past few months and then sells off again.

I’m a buyer here today in Shell and BP and will look for a 10-15% pop from this price in the short term up to the 20dma.

The World will always need oil for the foreseeable, the scaremongering has gotten ridiculous now

Hi JBTHISTLE,

I still think the short interest will pick up again. Obviously a new player in Millenium got involved last week. But Blackrock seem to want out for now and are reducing daily and obviously they held the largest short position, their continued buying has held the stock up nicely the past week.

Personally I think it all comes down to the union news now, the share price seems priced for perfection from the outcome of these talks, given its very quick near 45% jump, anything less and it will be an excuse for the short interest to increase again. I still think it may try the resistance above 250 this week and I will be placing a short position there.

If I was a LTH I would be selling into this strength right now, perhaps half Or three quarters of my holdings. It is currently on a technical basis very overbought on the dailies and at some point there will be an opportunity to get in cheaper again. These things never just go up in a straight line as any RMG LTH knows well enough.

Shebur,

You seem like a very angry person reading your posts of old. I’m sure like a lot of people on here and any other oily board that is a long term holder, it’s painful at the moment. Every single company out there has cut dividends though in this environment and BP are still paying better than the majority.

I’m Irish and that post is very offensive. In fact it makes you a right ****

Scampthedog

You keep saying the Blackrock selling to lower their shorts. Blackrock would have to buy back the share to lower their short. It would show as a buy.
This was a big sell and surely will impact the share come Monday. Had to be DK taking some profit here surely, he’s quids in right now

Some sizeable buys after hours today. Triple witching day also. Can see early next week being better and a rise is due

Hi JBTHiSTLE,

Blackrock seem to be unwinding their very large short position right now, would explain a lot of the upwards momentum on not much news.

However also interesting to see another hedge fund Millenium International Management has jumped in today short with 0.50%.

As I said in previous posts, I can imagine now that there will be others joining Millennium in short positions after such a run up.

Although if Blackrock keeps unloading it could certainly test the 250 area before a bigger drop

Think this could be in for a reasonable drop now to work off some of the overbought technicals. Unless another JP Morgan upgrade hits the news today etc.
Quite normal. Think first stop is the resistance around 2.10 and then 2.

And if you understood trading that means nothing at all to price movements. Point in case the lowest short interest in the past 12mths was last year on the 22nd July at 1.57% (today sitting around 5%). The following 10 trading days the stock dropped from 227 to 185. That is a fact.

Mr Nation,

Good luck to you too. But your posts don’t make much sense apart from putting a finger in the air and hoping