Member Info for Robina

Think we're heading for 2500

We all know what happens if you try and time the market or outsmart it.

LTH for me. Better than a bond.

Don't think the $ has fallen as much as the Bp. sp.

I think it's negative sentiment stoked up by the eco debate and also that it just plods along with no real growth outlook.

It roughly follows the oil price but there is a lag.

Will we ever get to £5 again?

6-10p still wouldn't surprise me.

Anyway, interesting that the abott bought 1M shares in early July. No record of them selling on the recent spike I don't think. On that point the market is really playing with PIs. False breakout and people pile in - then of course it drops....

Funny word soup. Simply following the chart which is an indication of what the market is doing caused my to buy last week but there's always scope for the little uptick to fade. I hope the zantac debacle might have alleviated.

Although most FTSE stocks are a value trap I took a position in RIO last week as I thought it might recover. A good swing stock if you can hit the lows. Good dividend while you wait. Thing is to follow the market via the charts (evidential) and news and ignore share tips and other punters.

No - it re-rates down in hours or days.

Why?!

In the last year, a world quality index etf has gained 27% and BP is - 8%.

In the last 5 years, etf gain is 81% and BP -11%.

The dividends don't make up for the difference.

Like many I like dividends but most div stocks are flat or have declined.

Small caps are where it's at but you have to be right 9 times out of 10.

The Fool says it's in deep value territory so maybe time to give up this one!

Thinks I'll wait to see if it recovers any towards end of year.

Shorts down a bit.

Where it written that SMS is looking for an exit?

It's certainly one of them. Seems to be a prime victim of shorting. Difficult to see what will turn it.

JPM has a tp way ahead of where we are.

Simply wall st:

Price-To-Earnings ratio (8.7x) is below the UK market (16.3x)

Earnings are forecast to grow 14.02% per year

Became profitable this year

RISK ANALYSIS

No risks detected for EZJ from our risk checks.

Probably will 'cos I bought last week.

Looking back it could drop back to 4500 or so but I'm gambling that it's levelled off for now.

Not the growth stock it once was. Sp all over the place - back to 1500 or up to 2000 who knows. Utilities profits could be in Reeves's firing line?

Ha ha.

2M shares sold by directors in June doesn't look good and I doubt Robert and Christopher are anyone's wives.

I guess creates a bit of an overhang but only around 1%

What signs?

...followed by another drop tomorrow?

We've had three 260ish levels in the last year. Have lost track of why the decline to current levels but let's blame the US.

Long term support a tad above 200. Short term chart looks good but as sure as night follows day it'll get back down there if I add. Wouldn't be surprised of a windfall tax on big financials in the autumn.

SP just oscillating down. Every few weeks it turns up for a couple of days so people might think it's on the turn, then down it goes again.

Absurdly low P/E but wouldn't say sub 400 is impossible.

Windfall tax or EPL must have a lot to do with it which accounted for around half of overall tax.

We then have prices much less than the covid era.

Yet still we have clowns calling it a buy.

What are the chances of that?

So this has really become a weal trading stock.

We get headlines such as 'BP unveils more share buybacks after beating Q2 profit forecasts' and yet the sp declines.

Apart from trading the small ups and downs over the weeks it's certainly not an investment any more.