Trading the stockmarket (NO Referrals)

Those looking to make a quick buck buying BP will not. It'll take quite a while to reach 600p again. Unless exciting news is released, which'll tickle investors. Such as a new oil well being found. :)
 
You could make lots of money if you stuck 25k upwards in and i'm sure during the 25p price rises some people have made a bunch of dosh.

However with only 1 - 3k to invest i'd stick it someplace else, even if BP shares reached a previous 52wk peak price again you still won't double your money, like you say it could take 2 - 5 years for BP to get over this and we still don't know if the prices will recover fully.
 
Beyond Petroleum

Ricochet J said:
BP will never go under 300p.
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Famous last words :D



Ricochet J said:
Such as a new oil well being found. :)
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Im not sure they need any more oil right now. :p
Less oil or no oil leaking might boost the price considerable as its less then certain exactly when or if they can stop this leak

The last giant oil spill in the gulf lasted for 10 months. That company survived because Mexico declared soverign immunity and paid no damages


I have BP below support which taking the chart literally means they are over the edge and quite liable to further falls even if that makes the valuation incorrect long term, the short term relys on buyers matching the sellers.

I think prices in the two hundreds are possible though it reminds me the banks in 2008, this situation is really not half as bad fundamentally unless the price of oil drops below 70

http://img130.imageshack.us/img130/4861/img12771227447536275671.gif
http://img687.imageshack.us/img687/5940/img12771227706501278518.gif
http://img689.imageshack.us/img689/7726/bpbigchart.gif
 
decmatt said:
No I mean whats the reason? I thought they were starting to recover since the $20bn agreement, expected a level day today. Thinking about putting in about 1k to see how it plays out.
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Firestar_3x said:
Wouldn't bother with 1k that will only get you 285ish shares.
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So long as the commision, stamp duty and spread costs get covered theres no reason not to buy a few shares. I prefer costs below 5% personally or you are setting yourself for a fall.
Ironically Penny shares in this sense are often very expensive

The spread on some shares is over 10% and its variable, that'll cost you regardless of deal size

I recommend you enter your portfolio on moneyam stockwatch which will update you on spread in real time. This is something not really conveyed in fantasy trading, etc

Put VOD HSBA RDSB alongside anything you watch for comparison on trading [vs fundamentals or whatever]
 
Firestar_3x said:
KEA has just taken a massive drop, 23% down.
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down 33% now!:(

Kea Petroleum's Beluga-1 well - drilled on its onshore Taranaki, New Zealand exploration permit PEP 51155 - is being cased across the Tariki Sands, in preparation for flow testing.

Beluga-1 was drilled to a depth of 4,100 metres and intersected the main Tariki Sands target below 3,500 metres along the hole.

Wireline logs conducted over the last few days have indicated likely gas pay in the main Tariki Sands target of which the thickness of the gross sand interval of 40 metres would suggest a reduced reservoir potential when compared to the Competent Persons Report by MBA Petroleum Consultants published on 11 February 2010.

The directors believe the Tariki Sands have been penetrated closer to the updip pinchout line, and the indicated net gas pay of approximately 11 metres does not fully reflect the potential of the reservoir as a whole."

Elevated pressures have been recorded indicating a valid trap.

Chairman Ian Gowrie-Smith said: "Whilst the intersection of this particular well with both the Tariki and Mangahewa Sands may prove sub-optimal, it is none the less encouraging that the Tariki Sands appear to be gas charged and in trap.

Story provided by StockMarketWire.com
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silversurfer said:
So long as the commision, stamp duty and spread costs get covered theres no reason not to buy a few shares. I prefer costs below 5% personally or you are setting yourself for a fall.
Ironically Penny shares in this sense are often very expensive

The spread on some shares is over 10% and its variable, that'll cost you regardless of deal size

I recommend you enter your portfolio on moneyam stockwatch which will update you on spread in real time. This is something not really conveyed in fantasy trading, etc

Put VOD HSBA RDSB alongside anything you watch for comparison on trading [vs fundamentals or whatever]
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Thanks for the advice :) Not heard of that site before so will take a look.
 
Anyone been stocking up on BP shares this morning during its downturn? Its a bit of a dodgy one that seems to being bought by lots of the general public that have no idea about shares. They see a big share fall and simply imagine it returning to its former glory asap! Dunno how long the aftershock will be for BP in reality though will be very interesting to see!
 
dane3388 said:
Anyone been stocking up on BP shares this morning during its downturn? Its a bit of a dodgy one that seems to being bought by lots of the general public that have no idea about shares. They see a big share fall and simply imagine it returning to its former glory asap! Dunno how long the aftershock will be for BP in reality though will be very interesting to see!
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I might buy BT shares but I will looking to hold onto them for 10+ years.
 
smokedog said:
Lloyds making decent gains, good time to jump in?
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I certainly hope so! :p

I was really pleased with the budget, not least because of the 5% swin from lunchtime to close, but because the fear regarding CGT and bank levys now look overplayed.

Lloyds had a monumental right issue last yea, and it would seem a plausable explanation that many of the investors that were willing to part with cash to pile in further, did so all at once, and this depressed the number of investors looking to buy in. Cue the laws of supply and demand...

Since the rights issue, there has been a shed load of bad news (Dubai, Greece, Hungary, the hung parliment etc) and while this has had a profound effect on depressing the price, little of the recent bad news has been re Lloyds fundamentals. Indeed there have been statements from Eric Daniels to say that this year will be profitable.

I bought at 60p after the Euro rescue package was announced, and the coalition started to look encouraging, believing there was a short term 20% upside (and 70%-100% upside by Christmas 2012), and then it fell away.

I remain confident that unless the double dip fears are realised, we will not see another buying opportunity at this level.

DYOR... :)
 
Nice gain for LLOY again today, back in the green at last after being £1k down.

Do i get out now and expect a retreat or hold out for 70p is the question though
 
Simon said:
Nice gain for LLOY again today, back in the green at last after being £1k down.

Do i get out now and expect a retreat or hold out for 70p is the question though
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The fall from peaking a little over 70p a couple of months ago down to a little over 50p was sentimental rather than fundamental.

Sentimental fears have been eased and I expect to see an upward movement towards 70p in the six weeks approaching the 6m results in early August.

I'm up, and holding... :)
 
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