Member Info for Paddyboy1

Personally i got a big old chunk of these at ave around the £2 mark. I've put a load in ISA for long term hold. May play around with the others. For me it just depends what other stocks are doing. If a good buying opportunity arose on another stock, i've no issue with pulling some from here & putting the cash elsewhere if a better return seems likely. These however i believe will be £3+ very soon. All the stocks are hanging around for the Brexit stuff at the moment. Doesn't seem to be any huge activity. Once that's sorted there'll be huge moves abound!

demand for oil will be huge for years to come. The BRIC economies can't get enough & other emerging nations will be guzzling away too. The main issue isn't renewables or EV's or any of that nonsense. The issue is the costs of extraction will rise as oil reserves become more scarce which will eat into profit margins. Personally though i believe oil will hit $100 PB by end 2021/early 2022!

Anyone concerned about a mid-long term investment here, Ask yourself this: If you were given £10k on the proviso that you had to invest it in one FTSE100 share at today's prices & had to hold for a minimum of 5 years what would you invest it in? i know my answer!

there will be a deal. This stuff going on now is just political oneupmanship. doesn't concern me at all this BS, normal business will continue as before. few SPs might drop. just buy, they'll go straight up again!

Hopefully a dip so i can buy some more!

Best ftse100s for the day stuff are RR & IAG. I bought & sold IAG about a dozen times in a couple days pre RI times. Quite lucrative but very stressful stuff!

BB, Good luck with it & fair play on making the profits. As i said i've made a few bob doing it myself on other stuff but have found on a number of occasions i've cashed in only to see the share then fly away to the sky without me on board. Always interested in hearing other people's methodologies though!

buy sub £2, forget about, sell for £5-6, much easier!

Day trading not worth the risk IMO & BP not best share for it. BB when you look at those sell & buy back levels, the range is simply not going to give you a significant return unless large volumes involved. Also factoring in stamp duty & platform fees, really not worth it. Works for some of course not my cuppa tea. I been there seen it done it on a few other shares. Made a few bob but it's far more stressful than holding a decent share on a long position which is far more lucrative over time!

Take heed of Motley Fool & Investors Chronicle. A sure way to throw money down the toilet!

Matrix, you are right, the BP SP is affected by the strength of the £ against the $ that is why the SP is actually lagging! Yes, it's rising but you mustn't forget how much it dropped. The current SP is only at September levels (RDSB is back @June levels). A lot of newer investors on here are really missing that point. The shares are still at 20+ year lows despite the recent rise. The current rise is being fuelled by increasing confidence & expectation that economies will soon be returning to normality. Hence the big surge in oil futures price. This SP can really only trend one way, Brexit deal or not as oil will be needed if the world is to function again!

the only relevance of the UT from a PI perspective is that it determines the official close price. Nothing else. The SP on Monday morning open is determined by the pre market auction. Hence gap up or gap down!

Lots of new names on here on the aroma of big profits looming. Good decision guys. Right in time for take off!

it looks almost certain to break through resistance here. Lots of buying pressure!

sort of right there cookie. The resistance/support stuff is a bit of a chartist thing. Over time share develop a history of not going above certain levels or below other levels when they're on the up or the drop. Support is reluctance to go below a level; resistance a reluctance to go above another. Lots of traders/investors set their sell/buy orders or stop losses at these levels hence you see this type of behaviour in the stock price. In BP's case 280 once passed would usually become the new support area!

Will it break the 277 resistance today????

i think the 250s definitely are history. maybe 260s too! sort of hope i'm wrong as i got a few grand waiting for a further top up!

Cookie, this is a strong resistance area. Once this passes 280 will be £3 before you can blink!

Geng, day trading works for some but more often than not can result in serious missed profits. I note you were prudent enough to only take the gamble with half your holding. Fact is you could have missed out big time as this share goes like the clappers when it decides to. My view is day trading (speculation is far better on shares like RR/IAG which generally are far more volatile & have much bigger daily price swings!

So BP are going to shed £8bn in market capitalisation just to fill a 236 gap. dream on!