Member Info for WingingItSince92

Dare I say, I, for once, caught the bottom shhhhhhhh! Too soon haha.

Interesting to see a 0.09% increase in shorts. It’s not a huge amount which is good news. Could be a speculative increase in case SP falls further. They don’t sound convinced

95.48. At 50% of original holding now.

You gotta play the game sometimes ...

You’re****

Hi all,

I’m back!!! (99.81p - albeit 25% of original holding this time) ...must admit selling at 125p and seeing it sail away into the 130’s I thought that was it.

Company makes money and *a lot* of bad has been priced in already. The only gamble imo is the unknown (SFO’s) next move. Could go 50/50 in terms of them calling it a day or trying some other moves with a bit between their teeth!

GLA let’s make some moooooooneyyyyy.

(Hi Paddy. Can see you having to deal with the resident tw*t again! Did he try and use BP against you? Hope he knows your >50% up haha!)

:)

I’ve been playing GSK around 1300/1450 for a few months ...recently bought in at 1307p when I saw the drop and thought what a good opp! I’ll pick up some divvies on the way up too.

Did not think we’d sink into the 1100’s - hopefully a bounce on Monday.

Regardless, SP’s rise and fall all day long, was disappointed at the announcement that divvies would be cut in the future.

Good luck Tacet mate, been a pleasure :).

Sold another 20% today at 304.9p. Sold 45% of my original holding now. Ready to buy back in if it corrects, or happy to ride it up higher towards 330p.

FTSE futures are down -60 points last time I checked. Bit of a choppy US session & end of week / month tomorrow all factors to consider.

Let’s see what happens :).

Maybe we see 260 again (hopefully) - don’t hate me, only joking (sort off!)! :D

I did slice 10% today at 285p - weeks end and all that. If it goes up - great - still got a big chunk of my portfolio in it - if it drops back down for whatever reason, I’ve got top up monies :D.

Take it eazzzy, everything’s gonna be alright

CRS?! I wish! I’m with you buddy. ;).

Ian,
Smithy is correct in saying crews are trained in the sim. I’d like to add, it isn’t just LH flight crews - but *any* Pilot. Although, currently - they are not being trained in the sim either - I should know, as a LH bus driver who is now unemployed for the next 30 months thanks to the insane quarantine measures!

As much as I would like to agree with you - FTSE futures are currently down -35 points. Let’s hope the markets are more optimistic in the morning! Otherwise, we will be heading back into the low 260’s!

Interesting thoughts Geng.

Personally, I find it very difficult to fathom that BP (as covid status stands now) will drop back to the 190p range.

You mention dumping at 254p - is that a new stance you’re taking? The SP was 249p/250p about 10 trading days ago ...did you sell and buy back in? (Genuine qs).

Personally, I gave myself a buffer to 236/237p before S/L.

I did sell my initial holding at 121.5p for a quick 11% then traded between 119p - 120’s range. Put in 20% of initial in today at 125.5p ..being cautious due to shorts and short term uncertainty. Will regret not throwing the kitchen sink at it if this oil “super cycle” kicks off!!!

Hi Rocket, yes you’re spot on. I was going to buy at 263p this morning - but my other isa account is on my iPad which was on charge downstairs, so I fell asleep unfortunately. Kicked myself as I said last night “don’t forget to set automatic buy” - but forgot. - that is the honest answer haha.

It’s all about risk management - at the end of the day there are no guarantees.

But you don’t make a lot of money by being overly cautious. I’m betting on a recovery in oil majors and therefore I am in the camp of “more likely” to break 300p (upside) than 245-250p (on the downside). The 10% needs to go in today unless we start rocketing. If we dip to 265p I’m buying automatically, but come 1629 - if we are 268p I’ll still pump that 10% in.

No one KNOWS what will happen - but educated guesses count for a lot in this game, based on data. I think BP has a ton of cr*p priced in. For a move below 250p - id expect negative news to break it. Where as, if the status quo remains at the mo with case numbers falling, economies opening, US cases declining - id expect a move up past 280p again and hopefully back into 295p area.

Of course, be prepared for worst and best case. Have a plan. Stick to it. Don’t get greedy! (Every time I’ve sliced at 280p I’ve had a voice saying nooo 400p next week - IGNORE IT!) ha.

Tacet, my post about a slice at 279/283p was based on the ~281-285p range still in play. In hindsight, should’ve sliced more than 20% - ha.

I just thought with the ease and volume we broke 280p that we would surely end up in the 292-296p in no time!! GREEDY ME!

Chaps & chapettes, don’t stress a few pence here or there. I’ll be putting 10% back in some point today and holding 10% back in case of a further retreat next week (very unlikely). 22/02 - keep an eye out for this date. BP is playing nicely - 250p - 280p is a lovely range to mess around in, and I don’t mind sitting here for a few months & enjoying the ride. But a BIG announcement expected on 22/02 - could shake the whole market up depending on what is said (or isn’t!). Let’s hope for a positive day!! Till then, don’t stress it if you bought at 270/280p - honestly - ITS FINE. Great price and just remember, the price was 450-520p not long ago...we are opening up again and BP is the best “green” oil stock to hold imo.

Strange indeed. Oil stocks down across the board with almost identical falls / rises (to TOD).

Don’t know why so many are getting worked up today. Ex div - expected 272p - 275p. Positive push from the yanks, perhaps 277p +. Negative pull down, 268p - 270p. No biggie. Profit taking? Perhaps. End of week stuff with ex div. Nothing to worry about.

Someone mentioned a “hope there’s no oil spill” - NOW that’s something to worry about!! Haha. Black Swann events hurt like a b*tchhhh!!! (And not the good kind of hurt where you slip em an extra fiver for the pleasure in Bangkok kind!)

As I wrote last week, a rise to 281p - 284p before stagnation was expected.

The next few days will be very interesting. I’m hoping 280p is confirmed as support and we start playing in the 290’s.

I sold 20% of my position (8% at 279p and 12% at 284p) in case of a 265p momentary drop.

A lot of people (wrongly) believe BP is only tied to oil. BP are one of the biggest investors in “green” energy. If Looney can pull off the transition “smoothly” - the Sp will reward LTH in superb fashion. For the time being, it is worth remembering that oil isn’t only what we put in our cars - huge parts of our society rely on it (I.e plastic)...

(On a side not, wish I hadn’t sold PFC at 122.5p for a quick 11% ha!! I just had too much of my portfolio in oil and had to create some breathing space!)

Tim, you are, of course, entitled & within your rights to discuss whatever topic you fancy on any particular day. However, Pac makes a very valid point -
1.) every other week the same discussion arises around tax / divi with no real outcome & seemingly more confusion.
2.) This is IMPORTANT. He was advising chums not to come on here and ask personal tax questions - it is rather trusting (perhaps, naive?) to ask micro tax questions on a BB board filled with questionable characters (like me :D).

A mere Google search would be far more fruitful :).

I loaded up quite a few at 252p last week as some of you know - but it is hanging in the balance. The 250p~ held really well - and overall, wasn’t a great day to be invested in oil, so I am happy with where we’ve finished. On a micro level, a drop towards 240p and worse case, 220p *is* possible (albeit remote) - however, where does it go from there? Well, UP. Therefore, despite the worry of some here - even a worse case “dip” will bring it back up. I do believe the more likely scenario is 280-284p before stagnation and a push to the 300-310p range.

On a macro level, the FTSE bounced nicely off the 6400 support - hopefully will break through the 6800 resistance at some point in the not so distant future. But for now, I’m happy to have a buffer between where we are and that 6400 level, otherwise next stop is 6200.

I believe (hope) - 22/02 will bring us good(ish) news and this could kick off a mini bull run.

Sir Charles Walker made it clear in no uncertain terms how ridiculous it was of Shapps to imply no domestic travel until the Autumn (tw*t!) - all the while Han******** has booked his trip to Cornwall already!

I follow a few shares, and many of them are stuck in different ranges at the mo - on the macro side everyone seems to be waiting for an update on matters and where we are with vaccines / variants - good news is - mostly good news is coming out!

(I know people will argue it’s only graphs that matter, I would, humbly, disagree - globally, what is happening is just as important. Look at the markets when a vaccine was announced in Nov!)