Member Info for MarkGo

Mojo

Are you still holding that trade ?

Hi Stockready1 mate.

I thought I would gamble, after all the months of holding on the dips and seeing profits evaporate, that a drop from 318 was probably. It did not happen and looks like low 300s are finished, maybe.

BP was my only investment but around £800k now all sitting in cash. Averaged 303 so you can see the profit motive. I had in mind a number of possible correction possibilities that would make my decision a lucrative one but now I am sitting out, watching and trying to decide my next move.

I hope you are well.

I Remembered this too late and I feel that has happened. Apologies

“Never argue with an idiot. They will drag you down to their level and beat you with experience.” Mark Twain

Charlie

Why such a stupid immature comment ? There is no Angst from me or in any posts from Mojo that I can read, as Mojo rightly posted, just opinions.

So Charlie, concentrate now, I sold out in the hope of a drop from 318 to reinvest as this had happened numerous times over the past six months.

This hasn't happened so far, and may not, but it was a decision I made to bank some profits.

I made it clear in my posts that I wish all holders of BP all the rewards their patience deserves if the SP continues to climb. No tortured angst noticeable in my posts.

If you are happy with your investment why the need to post nonsense.

Before you reply and make the same mistake......pause and count to ten.

Thank you again Ceders mate.

So possibly the board/ Citigroup sense a dip to around 310, you think, before they recommence buybacks. Same target area as mine before buying back if it happens.

I can sense the incoming posts !!!

Flid ? applogies food

If BP are not buying their own shares back via buybacks at the current share price, what does that tell you about their views on the SP . Its going to go up or down ??

Fiid for thought

Ceders

Thank you Ceders for the additional clarification. I value your input and postings and appreciate your knowledge.

I am fully in cash at present after selling out last week. I feel that the rate of poo rise and subsequently BP SP rise is too soon too fast. When the rest of the market is looking so shaky across all industries I am banking on a correction and shake out to enable growth from sensible valuations and reinvest opportunities, but what do I know...your thoughts ?

Storm clouds

Although BP has had a good week ( pump and dump possibility according to Cedars) Markets are going nowhere. No new money entering the market. US markets proper overvalued maybe not in UK but the ftse is a slave to US market directions.

US government funding turmoil, numerous global financial credit concerns.

So even, missing out on BP's week gains, I am happy to be fully out for the next few months.

GLA

MarkGo

https://www.ft.com/content/72080165-403c-409b-85d4-2ae6350c252c

Ceders

Please elaborate a bit more for those less able to read between your lines or understand the point of your post.

Maybe I'm the only one unable to understand. Are you saying that the SP is being artificially pumped in value and when PI's invest in the belief that " this time its different " the shares will be sold and the SP dip ?

If so, why is that your opinion please.

Do you sense a correction ?

Thanks

BATS

WeirdPal

As one of those who sold out completely last week at 318 after 6 months of watching big profits repeatedly become big losses, I took the balanced gamble that history would repeat itself as it did at least a dozen times previously with the SP with the intention to reinvest on the dip.

Watching now the SP climb I have mixed thoughts about my decision but I am 100% certain of one thing. My innate ability to get my investment timing decisions wrong. Evergrande, much reported possible market corrections, Fed decisions all played a part in my decision process.

So now I sit with 100% cash and plan my next investment stumble

That said, I wish every investor in BP all the rewards their patience deserves.

https://oilprice.com/Latest-Energy-News/World-News/Bearish-Hedge-Fund-Manager-Nothing-Can-Save-Oil.html

Here you go

https://www.marketwatch.com/story/its-really-easy-to-navigatethis-stock-market-says-a-bofa-star-strategist-heres-what-she-says-to-do-11632344124

Good luck to you Compound ol' buddy.

Fully understand your reasoning. A tough call for me too. Totally out at 318 on Wednesday. The SP has yo-yo'd for months and I am happy to bank some profits this time rather than see them repeatedly 'bleed away ' as Capitalpig put it.

I too am hoping for a dip as per every other time the SP has mini rallied. Would look to get back in low 300 BUT if it rises from here congratulations to all who had more patience than me.

GL Compound and all.

MarkGo

Good luck to you Compound ol' buddy.

Fully understand your reasoning. A tough call for me too. Totally out at 318 on Wednesday. The SP has yo-yo'd for months and I am happy to bank some profits this time rather than see them repeatedly 'bleed away ' as Capitalpig put it.

I too am hoping for a dip as per every other time the SP has mini rallied. Would look to get back in low 300 BUT if it rises from here congratulations to all who had more patience than me.

GL Compound and all.

MarkGo

You're welcome blue boy

I learnt the hard way. Previous divi day spent all day phoning and checking my HL app while the dividends were 'hidden behind my income and loyalty tab on the main website.

As soon as I receive mine today I will post and confirm.

Have a great day mate

MarkGo

Evergrande crisis. After reassuring noises following the recent market turmoil, no payment was made and no comment from the company. This could spook the markets.

SINGAPORE (Reuters) - Some of China Evergrande Group's offshore bondholders are not expecting the firm to make an interest payment by a Thursday deadline, a person familiar with the matter said, as worries about the fate of the property developer mount.

Evergrande, which is scrambling to raise funds to pay its many lenders and suppliers, is due to pay $83.5 million in interest on a $2 billion offshore bond on Thursday and also has a $47.5 million dollar-bond interest payment next week.

Both bonds would default if the company, which has outstanding debt of $305 billion, fails to settle the interest within 30 days of the scheduled payment dates.

The company has yet to make an announcement about its plans for the offshore bond payment obligation.

A spokesperson for Evergrande did not immediately respond to a request for comment.

Happy Dividend Day

HARGREAVES LANSDOWN ACCOUNTS

They usually get off there arses around midday for dividend payments. REMEMBER You have to go to their main website, not the App, and click each account ie Sipp, Isa etc, and transfer the dividends out of income and bonus to capital account to be able to trade.

Example. Stocks and share account > cash > income and bonus payments > transfer to capital account then trade.

Not sure why they make it so complicated but I hope that may be of some assistance to HL account holders.

Great day all.

Apologies Mojo

I just found your previous post. https://ibb.co/h29DbQQ

So you are hoping for as low as possible ?

Have a great day mate. Re Glencore, kicking myself too but possibly another opportunity soon as with BP.