Trading the stockmarket (NO Referrals)

Long term I'd wait maybe another month as the markets are going to fall a good bit more before they rise again. You should wait till about mid July then stick it all on a big mining company or one of the better banks, BARC maybe.

Also if you do wait till the market bottoms out it'll give you plenty of time to read up on the companys you fancy a punt on.
 
I use TDwaterhouse 9.95 per buy or sell action, some other sites offer cheaper rates but don't offer you a buffer to pay the money you owe.

But yea, as above, just about everything is falling and will keep doing so, i'd take some time to read up :)
 
Looking at it now, there is also a good section on the site that explains everything :)

Out of interest who/what do you invest in?

I've been tempted by 'Desire Petroleum' if I ever started to do S&S, they are the company that is drilling in the falklands.

edit: by the way I am doing this so that in a few years time I have enough for a house deposit!
 
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I asked about RBS shares the other week. I found out today that yesterday my friend bought £500 RBS and £350 Lloyds...

I told him he's an idiot.
 
They are pretty low at the moment so are a good bet down the line but seem static recently. I wish I hadn't gone back in after taking a profit a few months ago as they've dropped about 20%. They will go back up, but just taking longer than expected with the recent EU issues.
 
Andr3w said:
Afternoon guys,

I have an ISA account which I opened this year, I have a little 'slush fund' with a few 100 in it for emergencys, then I have about 800-1000 just 'lying around' in a low interest bank account not really doing anything, I want to 'invest' it somehow.

Do you reccomened doing it with stocks?

I know as much about stocks as I do about rocket science (..which isn't a great deal :p)

I'm looking more towards short term gains as i am VERY impatiant :)
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Maybe take a look at sports betting - world cup, horse racing etc...

with the amount you've got the only real sensible option you've got re: the stockmarket is sticking it in a tracker fund or using the Halifax sharebuilder service for some longer term investments...

since you're after short term gains then I'd say sports betting (though likely a -ve proposition for most) will offer a better chance for rewards than your other potential options for speculation which would seem to be either whacking it all on some dodgy small cap stock and hoping or opening a spread betting account (both of which are also likely -ve propositions for most people)
 
With another cap and drillship in place soon things are looking up but loads of issues still hang over BP's head, going to fall more tomorrow I feel and close down.

Keeping out of BP for a little while longer :)
 
Cant they sell some of the oil they are currently collecting, apparantly 15K barrels a day to offset some of those costs though, yeah ok so its obviously not gonna cover the complete costs but every little helps as they say.

I'd be looking to buy in around the 360 - 370 level which we may see this week if the us share price is anything to go by. who would have thought a possible parity with rockhopper and bp a couple of months ago lol, sure i read about shell exploring in the falklands and walking away in the end.
 
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firefilesuk said:
Cant they sell some of the oil they are currently collecting, apparantly 15K barrels a day to offset some of those costs though, yeah ok so its obviously not gonna cover the complete costs but every little helps as they say.
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The US gets a nice royalty on their oil that BP is getting out the ground for them.

They don't get it for free and sell it for $70 of pure profit per barrell. 4million barrels a day is global production figures
 
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bp is setting the sale of all recovered oil into a wildlife fund


The strength of the dollar makes oil more of a gamble short term then it has been previously :confused:
 
firefilesuk said:
who would have thought a possible parity with rockhopper and bp a couple of months ago lol, sure i read about shell exploring in the falklands and walking away in the end.
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Just a slight difference in market caps even if the share prices were the same ;)
 
Not for long :p

Pic I posted previously 400 I would expect to form part of a range



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There has been no surprise to the upside. The top kill failed, the capture now has mostly served to show just how much more oil was leaking previously then thought and is still leaking now.
A bottom lurking range would fit I guess though I had thought it would be closer to 500 then 400, the market has bigger troubles which leaves speculative cash elsewhere or in us treasuries I think
 
decmatt said:
What do people think of BP? Down 21.40 today
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need to wait and see for a bit longer before going in again.

long term they'll be fine, their cash flow is excellent, and their finances are in a better state than most countries around the world.

theres too big a discrepancy between the potential cost of the recent disaster and the drop in share price though, making them cheap.
 
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