RE: 10p30 Apr 2026 16:01
It needs to rise so you can sell and fall so you can buy back.
If you can see it's going to fall and then rise, and vice versa, that's when it works.
UKOG was like that.
It's more the share than the general market.
I've just sold all of my BP shares to bank profits.
Only bought those for the 6% dividend originally but found I could flip those too.
Most of my portfolio is for steady growth.
Sometimes I find something that I can flip for more.
BP was one of those, but not the only one.
Since 2016, when I first bought BP, I reckon I've averaged around 50% a year.
Some years I've been able to realise a 200% profit, some less.
When I've flipped BP (not every year), I don't think I've ever done it for less than 20%.
Not as often as UKOG was, but the return is good enough that I don't mind waiting.
I started flipping as a pure experiment.
Now it's part of my strategy.
I always put 50% of any profits back into my main portfolio, just in case I get it wrong one day.
I can still walk away with something to show for it.
Basically flipping is the only way to make anything from UKOG and its' Scammer-in-Chief.