Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Leas - very good reasoning. So many near term things to cause further drop, let alone if there was a broad market sell off. I may wait a few more weeks - it seems it could be a casino this one at the moment
Could drop a bit further this afternoon or next few days- Dow futures down 90 odd points at the moment. Not sure I want to buy just yet, in danger of missing it but don’t think I will
Down 2.31% now , no bounce in sight yet. It can’t be like RR and bounce as strong RR won a contract and had funds confirmed, plus RR will get share dilution so all very different to BP
Anybody got level 2? Cheers
Gap down at open I recon , Brent down
I’m keen to buy back into Lloyd’s ( I don’t do spread bet ) again. Did a few short trades in the summer, which were nice. Was gutted to not have bought at 24 p a month or so back! To be fair to hit buy button at that point would of been frightening.
Still hoping for a sub 26p entry as it may come with a no deal Brexit- Also if Biden wins it may tank, so I’m on the sidelines for the moment but want a long term position before next year. This held well today considering FTSE almost 2 % down. Any thoughts?cheers
That’s 3rd time this week isn’t it?! Do you use spread bet or shares? Need about 90000 shares with dealing costs to make it worth it. Worked better in the summer when swings were bigger
Must of been sat on £2 then or as near as it comes!! Dollar has also weakened further as today gone on.
No chance of a breakout yet or today anyway, DOW is set to drop today futures indicate.
Right ok thanks, these are things I’m still learning to get overall picture of everything.
Dollar could get a lot weaker with amount of stimulus and more likely loads of stimulus in US in January. But as a guess I’m thinking if we had a hard Brexit that would weaken our pound? - a lot to consider at the moment but I do believe an entry into BP sub £2 approx would be a good move long term
Weaker dollar bad for BP right? Bloomberg are Bearish on dollar. Going to get volatile- stimulus and US elections. Any views?
Tiny bounce off of 201.5 but think it may be short lived as pre markets down in US and BP nyse pre market down.
ETF- Like the idea of that as I’ve made some very good fantasy calls on assets / currencies. At one point a long while ago when you could get $2 for a pound I wanted to buy say 20 K of US $ but had no idea how to actually do that and have a certificate or safe keeping.
Just been watching Bloomberg and they are bearish on the dollar - same as me but for different reasons I believe dollar will fall due to amount of stimulus coming or already in there economy.
Dollar falling isn’t great for BP is it? Am I right there?
Appleby . I was thinking splitting with rdsb aswell as here but don’t like that the rdsb bit would be getting lower dividend- thoughts on that? and slightly extra dealing costs.
ETF’s are these cfd’s? Is there costs for keeping possition open? Is it leveraged? - I worry all that is for absolute pros . Cheers
Good point, it’s not like I was talking to a financial advisor, just somebody qualified to pay a cheque in!! I’ll put Bloomberg T.V. Chanel back on today in a minute, good info on there.
Is negative interest rates just talk at the moment? How likely is it to happen? I asked a bank teller and they had heard absolutely nothing about it- either she wasn’t forthcoming or genuinely it’s not happening yet. Any thoughts?
I’ve found “The naked trader” book really helpful but it still doesn’t help my stress levels with the way the current markets have been and too much news to constantly keep up on. I cut a loss ( luckily saved further loss as sold at 263 ) and took a complete break from shares for 4-5 weeks but unfortunately the break was very costly as I missed getting Lloyd’s at 24 p and I might of had a punt at RR at 120. But I’ll patiently wait for opportunities now and plenty will come I’m sure. Markets do very well generally in December and January historically so I see that as a time when BP could be significantly higher SP
I am possibly in danger of missing it if it doesn’t drop below £2 and maybe I should of bought at 202 / 203 the other day. Definite support at 204. I’m torn between splitting money into different Shares or lumping in here for decent divi. I do feel BP will recover but it could be a year or two away realistically. Vaccine will really help motor share prices up.
That’s a question I’ve been having as was looking to take a position back here after selling at a loss a month or so back. My thoughts at the moment is near term there is downwards pressure from Brexit uncertainty and American election- stimulus in US seems to be on hold now. Dow dropped 400 points yesterday, that could continue this week. I feel if BP keep the dividend the same this time around that will be good for share price but in run up to Q3 SP looks unlikely to rise into it the way things are now.
I’m hoping to get in at sub £2 a share which is looking likely now but still have uncertainty’s. I even worry there could be a National lockdown before Christmas and that would tank markets! It’s certainly not for the faint hearted at the moment.
I only said yesterday that £2 a share was in sight and anybody’s thoughts!- this was mostly ignored, it’s now closer to £2 than 210! Unfortunately it’s all due to Covid and further lockdowns- Brexit is also in the mix. Dow futures down 200, so could drop further today. I’m not sure taking a position here yet is wise, potentially more of a sell of on general markets happening near term.