The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
The info provided by HappyInv is useful. many thanks . And he says "I think a significant part of the selling was investors crystallising tax losses including those retail investors looking to buy into their ISAs next week " Im afraid im not sure i see this........ a few retail investors crystallising a few quid? i just dont see the that volume making such a substantial difference in share price to a multi billion dollar company. in fact in truth i dont understand the negativity in the share price at all.
Thanks aviduser and others for comments. I had never considered leverage trading in shares. im just too inexperienced. My mantra (in property or shares) has always been to buy well and hold. And so with BP i have a lot of shares - 100k++ with average cost 2.70. Im considering options. Leveraging a call option to 350 is possible, but im sorry, its just too risky for me. Id rather ride the bumps and take the stress. 350 by high summer/autumn doesnt seem unreasonable, but i wouldnt leverage it. Keep up all the good comments. Best to all.
BPnotbp im an entrepreneur- mostly in resi property in north london- but the attraction of the tremendous lows seen by the stock market has made me re evaluate. the buy to let market has had its day, and a bp recovery just seems much safer. so what i thought was a short term play may become a longer term position. i generally work for capital gains- and the vehicle was resi property. but i think brexit and the tax rules have killed it.
hello everyone, i am heavily invested in BP, i am most confident as a 6 month recovery play. im not interested in the minor price moves, others can make hay that way. thats not for me. but ive been considering an alternative staratgy- taking a sum of money- say 100k, and moving it around to invest in say the top 7 or 8 high yield dividend stocks, i would invest a few days before ex div, get on the div distribution list, then move on to the next share. i could diarise the dates and circle the money. has anyone ever tried this strategy? any thoughts or ideas?
Its been a frustrating week, but on the other hand 310 resistance value has held up well ..... that's not technical analysis, just how it looks to me. As a long term holder others have said on here that a boring 1 percent a week recovery is enough I agree with that.
look at www.gov.uk website and research the 30 day rule. speak to an accountant
I suppose Caitlin has gone? or is she still here? i do love a booooooooooooooom
Smithy, you state exactly what i think. and thats why im here. i have almost 100 % of my portfolio in BP. Super overweight. Although im mostly a property man, so its only a percentage of overall. But i do agree, trading seems difficult/risky, but a hold to a rise of 375 seems totally logical to me. At the moment, for me, safer than houses.
Yes i think some of the traders have gone now. I first bought at 5.11 and kept buying as the price fell. Im not a trader or an investor, i just bought in as i had some spare cash for a few months in Feb last year!! what a mistake. but ive been trading back and my average now 2.70. ill hold until i need to cash out- i got 5 weeks left until i need 20% of my investment, which may come out of profit!! i was an ignoramous- still am, but the posts on here have been really useful . many thanks to all the wise ones on here. its a great forum.
"Horrendous head and shoulders forming" Im not sure of the implications of this.
Im hopefully a long term holder but like others, i had anticipated a bit of a smoother/ stronger recovery. If anyone can be bothered to explain the implications of this phrase, much appreciated. i read all with interest. Best to all.
Thanks Ceders. Im not looking to sell, but was thinking about a stop loss position to averrage down. 305 sounds like it might be the sensible place then. I wish i had done exactly that a few weeks ago ....wry smile emoji....
best wishes,
N
so apparently- according to the brainy ones- there are gaps @ 266 and 292- on the way up. Does that indicate that it might be sensible to create a stop loss at these points because the share price might rise to fill these gaps and then fall back? is that a scenario we might be looking at?
Hi Folks, Im investing here, as some of you may remember here, principally as a 'recovery play'. I cant think of a better share to launch us out of a once in a 30 year drop. Im not experienced at share trading, im actually a property investor/developer.
my overarching view was always that, despite money markets/hedge funds/shorters: that fundamental will always show their true colours over time. i wonder if the growth of short termist traders in whatever form have actually clouded the view of fundamentals to the extant that its lost in the fog? And that technical trading has actually overtaken logic/common sense/fundamentals/? feel free to chip in? Best wishes to all.......
I still got no balls for this.
I sold out today @ 256 and 258. I cant hold my breath. bought back in @ 252.5. moved my average holding from 277 to 270.
Tacet, your posts are always good. I dont mind crysatllising a tax loss, i have profits to set against it. And i dont mind if i end up buying back at or near where i sold. as long as i have a bit more confidence. The fundamentals on this share must be right. the markets pricing however can wrong foot me. and i cant cope with that.
So who was stupid enough to sell up? Me...... I was a reluctant share trader- having been caught out with a bit of spare cash in BP around this time last year..... So i started buying more....i had shares at anything from £5 to £2. my average was £2.70. i sold out this morning. But im not gone. The fundamentals are great here......ill be back in at some point..... but the risk of a downward trend is big. im back in when the trend is firmly up again............ i watched as the share price hovered around £3 for days on end....... i should have sold then..... foolish boy........ ill be back............ all the best
There was talk a while ago about a potential takeover bid by Exxon.... . That's all gone quiet....
Yes Mr Ceders knows what he is talking about. This is filling his gap. But, are we filling the gap in order to see a return to his uptrend, or is that now destroyed with all the worries around? Im holding and sweating...........
i didnt enjoy today much. as my average is 277 im right on the limit. i made 50k on the way up, then i saw it ebb away and im now back to break even. OK, im not a trader, too risky for me. But i wonder: has the 270 gap now closed? can we expect a return to a slowly slowly creepy uppy kind of scenario? or am i asking too much??
280 was a huge resistance level on the way up. Now it seems sentiment has changed. More lock down and more travel ban. So will 280 offer any resistance on the way down? And if not where might it fall to?