Yep, absolutely mate, i cashed in yesterday at 135.6p after buying at 115p, this is a great defensive stock i will now wait for sub 120p again to re-enter, these nice 15-20% ranges come 3 times a year, easy money and stress-free lol.
""i still think anything between 1060-1100 is a good buy for 10% profit in a few weeks time, and i think the results this week will give a brilliant buying or top up opportunity.""
lovely jubbly! BG hit my lower end target this morning, and the buying opp occured the day before results, i was expecting the 1060 opportunity to come on results day but came a day sooner. i topped up with a few more at the low prices this morning, i think this has bottomed today and it doesnt even care what the ftse is doing anymore! it is the best performing stock on my watchlist so this is looking very bullish now.
evening guys. good to see more people finding an interest in this stock. today the stock closed at the lows of the day, which is quite a bearish sign and most likely a drop on open tomorrow morning is likely. but i still think anything between 1060-1100 is a good buy for 10% profit in a few weeks time, and i think the results this week will give a brilliant buying or top up opportunity. the stock should bottom out by the end of the week imo, all signals are extremely oversold and this should be closer to £12 than £11 in a few wks really. good luck to you both, i hope this rewards us fairly soon.
hi mate, whats your target sell price? or are you just going to get out at your 1172 b/e? the technicals are looking very oversold but i guess the results will determine where it goes.
the banks have been in favour recently with the miners pulling back (as copper has pulled back recently on china concerns). this is why the indices remain near highs because some sectors are rising whilst others are falling, unfortunately BG has been one of the fallers along with the mining and metal stocks. but whats weird is BP and shell are still at highs along with crude oil, and natural gas has had a little rise recently, yet BG group is near 3 month lows. i think it is not in favour because they are pricing in poor results maybe? i still think anywhere between 1060-1100 is a good buy as it should be closer to 1180-1190 in a few weeks time surely?
anyone got any opinions regarding Q1 results that are coming out this thursday. the previous 3 results caused the sp to tumble and then a day or two after results the sp would bottom. so im thinking the sp may bottom out by the end of this week. any fundamentalists got any thoughts? cheers.
i agree this stock should not be at this price right now based on fundamentals, it should be 1250+, but fundamentals mean absolutely nothing for stocks in this kind of market. why has rbs rallied 100% in a matter of weeks? definately not on fundamentals, its due to MANIPULATION so that the govt get into profit and look like heroes. BG is not in favour atm, but when a rumour of a bid comes along again then it will have a surge. these markets move on rumours, manipulation, emotions, and TA, not on fundamentals, lol.
why is crude oil at $85? fundamentally it should be at $50 or lower....inventory data has been poor for like 11 weeks in a row recently, yet the price just continues to rise. this market wants nothing to do with fundamentals, its about manipulation, rumours and emotions, rising on a wall of fear and rumours that US will bomb iran, etc...
yes it broke below 1126 major support level so 1090 seems possible. it could even go as low was 1068 (on a intraday spike). the ftse H&S formation is playing out nicely and the target would give 5550-5600 region, this should hold unless some drastic news come out. if more drastic news does come out and 5550 breaks then 5250-5300 is possible.
i werent even talking about ct7, lol. there was several dozen ids made on one weekend (not including ct7)....
p.s. remember last yr, it was just a quick 1-2 day retrace now and then, few hundred pts and that was it in just a few days to scare people, then onwards and upwards, so im not expecting much. in a bull market you get a very quick unexpected drop, and then slow and steady rises, then another quick big drop, and so on...5600 for ftse would be nice.
yeh i know there is a H&S on the daily chart, i already mentioned it to some of my email buddies, however there have been a few h&s with this stock previously and they have never played out before, hence i think its unlikely to play out. the target would be 950 if it plays out, whats the chance of that happening? 1120 likely, 1068 slight possibility, but 950 no chance imo.
p.s. yes there could be a market retrace, but the markets have already retraced a massive 2% (lol), there is only another maximum 3% left to retrace if it is a full on 5% retrace... ftse strong support 5550/5600, cant see it going lower than that.
lol. why is this board so quiet? whats your view on this coggy? it seems quite oversold to me, although results are round the corner and they havent been very good for the SP in recent months.
BG latest news - "LONDON, April 18 (Reuters) - U.S. power group AES has lodged a bid for the 300-million-pound ($481 million) Ballylumford power station in Northern Ireland which is being sold by Britain's BG Group, the Sunday Times said.
The newspaper, without citing sources, also said Japanese conglomerate Mitsui was thought to have made an offer for BG's 50 percent stake in the Seabank power station in Bristol, western England.
But it added that Scottish & Southern Energy, which owns the other half of Seabank, had a pre-emption right over the stake.
BG declined to comment. The other parties mentioned could not immediately be reached."
RSA tested 130p resistance recently and failed to break above hence bearish and heading back down to 118-122p region. there has been no momentum for rsa and failed to rally even when everything else did, just seems like a dead stock at the moment, the biggest rally for rsa usually comes in the summer months (july/august) so that will be a better time to buy imo. good luck.
looking for a bit of sideways action before the next move up hopefully. take a look at the BG daily chart, if you connect most of the lows you will see a nice rising support trendline with support at 1140 (bounced off that twice today), and also note the 200ma around 1125, and double bottom support around 1130. so i would think anywhere between 1120-1140 is a good buy for a target of 1190-1200. ofcourse longer term this has more to rise, it also got upgraded yesterday by credit suisse to 1325p (not that upgrades make much difference). this stock also spikes from time to time when rumours of bids come about (there was one a few wks ago from exxon mobil). so overall seems like a decent buy to me. good luck.
nice rise today, hopefully we can test 130p resistance at some point this week, that will be a tough resistance to break, but if it does then 134-135p would be the likely top before the next retrace. good luck.
whats going on round here then? did you see the crazy movements of RSA this morning, i missed the 131 sell! hopefully it will come back tomorrow maybe, its strange of rsa to move up like that, MMs were playing games with the wide spread today.
crazy move for RSA this morning, did anyone catch the 131p? i missed the sell on that, but should come back later or maybe tomorrow. best target to sell would be 134/135 but im probably going to sell around 131 just to be safe because this cycle doesnt look as bullish.