Member Info for MarkGo

Hi Mojo mate

Apologies for the bad memory. Have you any current trade / short regarding BP. If so, what is your hope / target for the SP ?

Hi Never mate

Probably summed up, in any right thinking experienced investor's mind, as ridiculous in risking so much in one company. I have not changed my view in BP. I believe in the company long term in that it 'should ' be a great investment with a loyalty payment ( dividend) in the meantime.

If BP dips adequately enough to reinvest I may be back in, if not then who knows.

On a positive note for all other BP investors, I usually read the market so wrong, so my selling may be the launch pad for the SP from here !! If it climbed from here, all holders deserve the all the rewards of holding and patience after dealing with this yoyo SP this year.

Great weekend all.

MarkGo

Mojo Pig, Cong & all

Many thanks all. Cong, no need to apologise. I recognise what you are saying, you are right and it rings true. Probably boils down to my mistake of itoo much nvestment in one company. I sold out £800k in BP over the last week. A long story how I got to that point but now, one extreme to the other, I am fully in cash in my Sipp, Isa and Sticks and share account.

Fortunately, I have made a profit since Feb so lessons learned regarding diversification etc.

Mojo, thanks my friend for all your posts. I do agree with Cong though, Crypto is too much of a risk for me but I admire investors who take the gamble. I have monitored Btc for a few years and it scares the he'll out of me.

Pig, there is no perfect timing just luck. I have watched £10ks of profits 'bleed away' so many times since Feb. My finger was on the button a few times around 330, 320 to see it repeatedly drop back to sub 300, 290.

So, today, I locked in some profits. Going to continue to monitor and as much as I would be happy for all holders in BP in it continued climbing from here, if it happens to drop somewhere around low 300s, as the Terminator said .........

Cheers and the best of luck.

MarkGo

Totally out 318. Happy with the profit locked in. Back maybe with a dip. Good luck all.

Neversellshell

Your sell surprises me

Teetering on the brink of selling another 25%, locking in profit on the hope of a dip Decisions Decisions.

I'm not convinced by this baseless recovery from yesterday's drop. Apart from dip buyers the markets seem to be going nowhere. Ripe conditions for day traders but a shake out does feels likely fairly soon.

Fed meeting conclusion tomorrow, Evergrande crisis Thursday, will its, probable, default bring the house down or other unforeseens trigger a correction ?

I feel more comfortable in this climate holding 50/50 split cash/shares at present.

GLA

MarkGo

Cong you were right on a calming premarket. Today, once again, demonstrates my excellent record on misreading the market. !! As it turned out Peter was right " as bad days go this is a good day for BP so far! ".

Thanks for the Evergrande article Mojo. I was reading up on the crisis and its possible implications over the weekend. I did expect the far east and Dow premarket numbers to possibly be the catalyst for a deeper sell off but the market does seem shaky. Fed meeting Wednesday maybe the next issue on the horizon ?

Have a great evening all.

MarkGo

Mojo

You might just get your Glencore 300p price target. The miners are getting their front door kicked in !!

...down 2.5% Pre-market 24.61 -0.63 (2.50%)

Hi Pig

Thanks again. I agree, a detailed sobering article and an explanation for the head scratchers regarding the
' undervalued' SP . Maybe the SP reflects the true value of the company taking all the risks into account.

Hi Pig

Thanks again. I agree, a detailed sobering article and an explanation for the head scratchers regarding the
' undervalued' SP . Maybe the SP reflects the true value of the company taking all the risks into account.

Thanks to capitalpig. Read the link below and you will see why BP's SP is where it is.

https://uk.investing.com/news/stock-market-news/special-reportbp-gambles-big-on-fast-transition-from-oil-to-renewables-2466742

Thanks Pig

Mojo

Thanks for taking the time, this early in the morning, to respond in detail.

Have a great day

Hi mojo

Regardless of this morning, a dip of 2.30 would you say ?

Looking for possibilities after pulling out 50% last week

True to the fool's repetitive nature. The same story regurgitated with some added foolishness

"the stock offers a dividend yield of 6.7%.

On the plus side at least its positive regurgitation.

Mojo

Good call, great posts and opinion.

Have a great weekend all

Let's do it again next week.

MarkGo

Mojo

I recall your interest previously in Rio, Any other in your sights ?

Mojo

Hi mate, I have reduced my BP holding by 50% in recent days and happy now to wait and monitor. I am surprised by all the miners performance even with iron prices.

Good luck to all.

Quad Witching . What a load of nonsense and hot air.