Member Info for MarkGo

Not a stupid idea at all.

If markets makers are able to manipulate the market as you suggest, in my opinion your strategy has merit.

I sold 100k BP from my share account at 301 yesterday ( not ideal timing as it was 306 earlier in the day. )
I have a Sipp and isa share account to fund in the new year with BP/ RDS but if prices drop tomorrow, I may reinvest tomorrow as per your suggested strategy and delay the new Sipp / Isa funding.
Tomorrow is such an unusual day that whatever happens to the SP and Opec + I intend on remaining relaxed ( not as usual ) .

Markets should settle down after Easter and I believe that the delayed opening up will begin in earnest. It is just a matter of weeks before BP Q1 results and the uncertainty around vaccines 3/4th lockdowns start to diminish.

Long term BP holder.

Happy, Off topic but a BP opinion would be interesting. Posted on BP chat of course

March 30th, 2021

BP (NYSE:BP) was downgraded by equities researchers at Morgan Stanley from an "equal weight" rating to an "underweight" rating in a report issued on Tuesday.

BP has been the topic of several other reports. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of BP in a research report on Wednesday, March 3rd. Berenberg Bank reiterated a "hold" rating on shares of BP in a research note on Wednesday, December 9th. Raymond James upped their price target on BP from $27.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 23rd. Scotiabank upgraded BP from a "sector perform" rating to a "sector outperform" rating and set a $28.00 price target for the company in a research note on Tuesday, February 16th. Finally, HSBC downgraded BP from a "buy" rating to a "hold" rating in a research note on Monday, November 30th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company's stock. The company has a consensus rating of "Hold" and an average target price of $27.63.

MORGAN STANLEY CUTS BP TO 'UNDERWEIGHT' (EQUAL-WEIGHT) - PRICE TARGET 285 PENCE

Yet today.....

GOLDMAN SACHS RAISES ROYAL DUTCH SHELL B PRICE TARGET TO 2,000 (1,900) PENCE - 'BUY'

Hi Sigma
Thank you for taking the time to respond even if some of the information was beyond my level of trading understanding it was interesting.

With the understanding of the importance of always relying on one's own research, if you are neutral on BP at the moment, may I enquire where you would be placing your funds if investing ( 12 -24 month hold ) and not trading. ?

Thanks for all your previous posts too.

Cheers. Mark

Neversellshell

Good advice.....kettle on

I do hope that the Q1 results are impressive and starts to give the SP some life. Its current level seems fragile and I sense any actual bad news then this will drop. Oil up and maintaining $sixties, not reflected in the SP. Oil drops and BP drops by more. Demand for oil is currently at 95% of pre pandemic demand so how much more demand is there ?

If Opec+ does decide, against opinion, to open the taps slightly I would not be surprised to see the SP react negatively.

I am starting to wonder if the many £4+ predictions, including mine, are unrealistic and that this company is not the undervalued, recovery opportunity that we hoped and the 'recovery' is already priced into the current SP.

Maybe my impatience is getting the better of me this morning.

Excellent info Sigma. May I ask your personal analysis on BP specifically.

May work in your favour regarding reinvestment SP

and rising...even BP in the blue ( just )
Good week all

CleverThoughts
Please excuse my previous post. I believe that you may of meant DYOR in regard to your previous post on ARMC.

Thank you for the informative and interesting ARMC post.

I am an idiot. Apologies.

CleverThoughts

Thanks for your (curt) reply. I do my own research as all investors should.
My post was just an ' out of hours ' weekend discussion post for posters to contribute to if they wanted, as you did.
I wasn't attempting to piggy back on others research. Just a innocent question.
Have a great weekend mate

Reading a previous post today. BP was described as a certain two bagger. Excuse my ignorance and inexperience but I had to Google the term.

I appreciate that this is slightly off topic but I wondered what other companies/sector posters would be confident of also possibly achieving ' two bagger ' status coming out of the current global crisis ?

I appreciate nobody has a time machine or crystal ball.

Hope all are having a great weekend.

Hopefully another SP rise before end of day ?

Thanks Smithy

Informative as always.

With the SP up 3% UK does anyone predict a further rise with the us open ?

Thanks G.star

Bang on with HL but all sorted and ready to invest now.

Have a great day. Cheers. Mark

G.STAR
Ignore the HL question. I realised my mistake.

G.STAR

I should ask HL but can you use your divs to buy. Mine are stuck as cash

Thanks Cheapskates for the HL info.