Member Info for nightyard

When a stock rises suddenly, you often get people taking profit. A drop from peaks is usual

Only a few predicted oil price would go negative. No one knows where oil will go as you say.

I think the whole market will drift lower over next month or two.

Ive had my spreadbet orders placed for the last four weeks at 305p..wonder if itll fill eventually.

https://www.prnewswire.com/news-releases/evergrande-officially-defaulted---dmsa-is-preparing-bankruptcy-proceedings-against-evergrande-group-301421327.html

Share price moves in waves. Take advantage of that.

https://www.proactiveinvestors.co.uk/companies/news/964980/bp-shows-how-to-make-a-convenient-loss-964980.html

God knows, but if it does, I'll be buying back in.

I'd rather hang off buying back until it gets to a price level that feels like rock bottom. If it doesn't get there, then it makes no difference at all.

I always miss time reentry and end up sitting on a stupidly large paper loss until it bottoms out and heads back up. This time I'll just sit on the sidelines and only buy if it drops more than 50+points from peak.

I always struggle to catch the bottom of BP. I usually end up buying back in mid-fall and it falls another 30 points before heading recovering and heading higher. This time I'll wait to start buying at 320p with a full purchase by 305p if it goes that low. If it doesn't drop to 320p, doesn't matter. nothing lost, nothing gained.

well done to everyone. I closed my position at 350 the other day. I have a enormous order placed for if the share price goes to 320p again. Either way, all good :) I see 400p on the cards for next year.

I thought that so many times, then it happened and I watched massive profits turn into massive losses. Obviously, I'm sitting on a massive profit right now (£500 per pt @ 3.17 average which I bought on the last bull run to 336p. Sat there staring at gloriously fantastic profit thinking yeah this is it...350p+ easy!, only to watch it tank to 276p before running up to today's SP.

Obviously, I was kicking myself rotten when it began heading to 276p. I've been in BP with shares and spread bets since June last year. I timed a few trades pretty near perfectly in the first few months of 2021 then just sat on large positions thinking this it..it's going to keep going up this time, only to watch very tasty profits turn to losses on a few ocassions.

Don't be so short-sighted to think that there's no possible way that BP will see 300p again within the next 6 months. It might or it might not, but don't be blind to the possibility.

FossilFool has been on this board for ages. His analysis usually points towards higher SP for BP. He's not a bear, he's just saying it as he sees in the charts. Technical analysis has its place, obviously. Macro factors trump technical analysis, usually. All you need to do is look at the charts and you can see that stocks don't go up in a straight line..they build then consolidate. Market manipulation also happens all the time, so what seems logical doesn't always happen.

has anything you have posted here turned out correct?! You think that oil price follows gold, but 19 months ago?

Guys, don't worry about what's actually happening with supply and demand, just look at the gold charts from 19 months ago.

You say that but several opec members couldn't increase their production to take advantage of easing production limits.

It is looking very likely. Everyone needs to brace themselves for an expensive winter. Gas and Oil prices are only going to go higher as demand increases!

Good luck to you.

I'm looking at this as a possible top-up opportunity if some substantial drops happen before 9pm.

The last few quad witching days did see sizable movement to the downside. We'll see what happens when the US market opens. I think if we don't see a sell-off before COB then we'll start heading higher again next week.

ECR minerals is a joke of a company. Consistent share dilution followed by consolidation. Rinse and repeat. Better off using your money as toilet roll than invest in that P.O.S

fake bull

SP is down due to oil prices slipping.

Share buybacks reduce the number of shares in circulation, tightening up supply and increasing EPS. whether the share buyback has a meaningful impact is another question entirely.

Share buybacks make a lot of sense when P/E ratio is historically low, as it is with BP right now.