Member Info for sharefall

Eurofil, just checked after you message. Heck 64.45 is fantastic. I remember being really pleased when we breached 40 only a couple of months ago. Onwards and upwards!

Beach - Rolls, PFC, Cine, TUI etc etc but DYOR - remember trading is not easy and more people lose money than make money with that strategy. Ive mostly bought and held but have done a bit of trading in the last 8 months. Portfolio is up about 40% so not spectacular but safe as that is the way i prefer it. I have a job so cannot keep watch on SP shifts like some can, so trading is not really an option as it is too risky for me. ATB

Rocket, I am with Razu - all depends on why you bought BP. If you want a quick return and trade - look elsewhere. If its a stress free way of saving with decent if not great dividends at present - hold for 12-24 months and then re assess. Using charts and candles in a share like BP in the current commodity cycle/pandemic is just crackers IMO. ATB

Weirdpal, completely agree. At this sort of ridiculous valuation when brent is in mid 60's - this is a buy and hold, hold, hold. Trading BP seems an odd thing to do. If trading is your thing, there are so many better options than BP. Beggars belief that people think this is going to drop by 15-20% when commodity prices are on the rise. Honestly I feel for the newbies learning about candles and charts and think trading BP at just over 280 is a good idea. Well its their money and if they wish to gamble, so be it.

Thanks Boyo. Oil majors calculated on a lower ave price when writing down asset valuations so the sector on the whole should get a nice boost if this holds up or improves. China and India are huge consumers and the recovery is not too far from being back to normal levels. Come summer, western nations should increase oil consumption too and combined with lower shale output and OPEC restraint should work well in stabilising OP in the 70's if not higher. IMO

Forget DM, this is a Tory government. The Telegraph will have first access to any plans so that source is the one to take note off. I bet you any amount, the city will know before anything makes it to print anyway. The SP hasn't gone up by nearly 30% in quick time because PI's decided to have a flutter. IMO.

Shares in oil and related companies were very volatile. Brent meanwhile holding steady at 63. Market undecided on which way to turn so most ended flat. Hopefully just gathering up for onward movts.

Games and herd movement. Will correct itself in time. Seen this dip pattern late morning before several times - in preparation to welcome the Yanks to the party. IMO

Happens sometimes -- around this time - definitely a patten I have noticed. Preparing the ground for the Yanks to join the party I suspect.

This SP is still at ridiculous levels considering the oil price. nothing short of 350 would be fair value given all the variables - I accept large amount of risk remains and hence 350 not 450-500, but getting excited and obsessing about minor moves around 280 is ridiculous.

Do whatever suit you....but a steady uptrend is highly likely IMO. This may simply be tracking oil sentiment upwards and not specific to the SFO case but whatever the reason, those shorting will be needing to consider their positions as profit is profit....even for them. And it is gradually evaporating as they sit and do nothing. The coin can flip both ways.

From the dark days of the early 20's. You've earned your satisfied smiles. Will get better and bigger. Keep holding, there is a reason 1.90 is the level set for director bonuses. Patient will be rewarded with plenty and don't sweat temporary dips. ATB

Rocket, i feel your pain. Been there so many times. Much more difficult to get back in as the hope it will drop back is too big to fight. Anyway, at least you've got 50%. Hang on to these golden ones. ATB

Getting giddy and selling too early is not a good idea here. I know profit banking is wise normally but this share has so far to re rate, it will be a painful experience to sit on the sidelines watching it rise thinking if only I held on! Has happened so many times to me before. Pick the right horse only to bottle it too early! I'm staying put for some time yet. May consider selling a part at 170ish. But only consider at that stage and make a call. ATB with whatever you decide.

The article reads less negative than the headline but yes, was not happy reading. However, there is reason to be optimistic that the analysts are incorrect. There seems to be an assumption that long haul flights are not going to recover soon but this may be incorrect. Vaccine passports and pent up demand for travel may take everyone by surprise. RR is more than a 1 trick pony too and has trimmed over the last year. Overly negative article IMO.

Nice to see some momentum building. Now all we need is a take over attempt. I'm still hoping Disney will see the clear synergy with owning a cinema chain that doubles up as a merchandising outlet. With bonus for directors set much higher than current SP a premium offer would be great! One can hope. ATB

Sorry to labour this point, but getting giddy and selling way too early is the mistake I have made too often. The really big gains are made by those who are patient. ATB

Too much to lose and upside for those shorting is hard to see. Rick management will kick in soon IMO. Hold steady peeps and do not sell too early.

Agree, with Brent over 63, this current valuation of BP is a joke. IMO

Sea7, Agree. Pretty much sums up my position.