Member Info for mojo7865

I'm not convinced he's got 1k per point at the assuming he took it out at 3.22 he'd be in profit anyway. He needs a 64k margin at that price at 20% unless he's an institutional which goes down to about 2% definitely don't think he's the latter but in reality you'd prob need about 100k free to hold the position. So far looking at said persons positing they go around on RDSB and some other board acl and boo always with a short.

Based off his postings too he bought Tesla at the "bottom" so i guess he's trading with 1 mil lol personally I think he's a paid boiler room bunny albeit a poor one. I could be wrong but hey what do I know.

Not looking to buy any more atm or sell any got a healthy average so will wait before adding always got to wait on where the yanks will pull the price. For now though if I wasn’t in I would have dipped my toe in the morning.

Gaps when it suits them right lol. What's funny is when they buy at their targets of 250-270 they will suddenly say BP is worth 3 pound plus. Rinse and repeat.

Beg to differ there's always going to be blips and i suspect the drop in oil is going to be short lived considering the demand on summer holidays coming through for airlines. Smithy right a portion of the population vaccinated is all that is needed the ones who aren't vaccinated will be protected by the fabled herd immunity. Completely forgot about quadruple witching. No different to when they shorted oil below 0 last year.

at 301 next level down would be 290

I’d love to see who’s actually putting cold hard cash on these calls. Sometimes these forums can become cumbersome with some of the calls in both directions.

Overdone in my opinion unless I’m missing something i.e we’re going back into lockdown.

Or is it dreadful week. The First the ineptitude of the fed on its monetary policy and then the EU for its political agenda against Astra to cover up their poor handling of their vaccine programme. Have to say this past year has made me pro brexit after being sure that being part of the EU was a massive benefit. Now I look at how they have handled our relationship with them post brexit and it’s pathetic glad to be out. At least now their own vaccine agency has confirmed Astra being safe to use we can move past the silliness. Sorry I digress just seems like every time the going is good with BP there’s some macro economic event to knock us back down.

The fed choosing the ignore the need of interest rate rise to battle inflation astonishes me I think within a few weeks it’s going to back fire USA 10 year bonds poised for 2% already 1.7% atm. Mean while we languish back in the teens lack of direction up till q1 me thinks.

You sound like the guy on the ftse 100 forum who kept saying there’s going to be a crash since 2012 then claiming they were right 8 years later. Anyone can say there’s going to be a crash at some point no one knows when it’s all part of the cycle. I’m on the side of recovery we just had a severe crash the March opportunities are gone for a few years now unless there’s something dramatic that happens again. See what I did there... generally speaking crashes always accompany a booming economy look throughout history. Whether oil is the “longterm” is irrelevant it’s pretty much here and now for the next 10 years. Look at what Bill Gates said about emissions since covid we’ve only seen only a 5% drop during covid a huge shocker and it shows our reliance on fossil fuels for a long while yet.

I don’t see your logic oil up and expectation it will continue to go up. USA jobs data consecutive gains. Planned reopening in the U.K. for April and USA is May Chinese economy booming. A retest of 312 is sound logic but 250 sounds like you’ve just stuck your finger in the air to see which direction the winds blowing.

I think come summer the spending power of the people will be unleashed on the global economy. Good by tech hello cyclicals bond yields rising again. I wouldn’t trade this at these levels it’s either gonna break to the next level or fall below the 50ma. I’m betting it’s on it’s way up the stimulus / reopening is too near to risk it.

The gen x lot will probably buy tesla and gme with those cheques it always makes me cringe when those go up because it feels like money is taken out of value shares to fund a gamble.

There's a huge one on the way up around the 3.96 mark. Observing the charts the rsi is overheating but not quite there yet. I expect 3.44 to be a resistance but above that is the massive gap it seems like it's probably worth waiting on that gap to fill should we move past 3.25.

USA bonds nearing 1.6 again I think there should be a tech sell off later today.

The next level post 325 breakout 3.16 support at the mo

Pretty much what spendafew said. The allure of tech is always in the back of peoples mind after astronomical rises there is this expectation tech will keep rising because they got used to it over 2020. However, I think the tech lot are on a downtrend at the moment it kind of reminds me of BP long fall from grace from August 2020 from 3 quid levels to 2 quid. It was a long 5 months where there were lower highs and higher lows. I suspect a tech sell off tomorrow especially with Biden signing off anyone in tech right now would be smart to do a rotation and cash some of these gains. Inflation is still a massive risk for tech as well as rising rates.

If bp breaks 326 today I’m expecting a rapid rise to the 344p level

Big rises tech down though and Tesla. It’s a shame oil prices fell but, was to be expected after such a big rise rather see some stability at these levels. Wonder what the next move up or down will be April q1 results still a long while away yet but, like others I expect it to be much higher as we approach that date. With the economic reopening in April, and May being the date Biden has set for a USA restart these levels will look cheap.

support at 306 based on 50ma atm 20ma is now broken.