That would have been a nice little profit.

I'm in this for the long-run.

 

SO , have we reached the bottom yet ,so to speak ?

 

hard to say , now down to 304.60p

 

No way of knowing, dpb, otherwise it would be easy. As long as the company survives I will be ok with the price paid in years to come.

 

If only i had a couple of £k burning a hole in my pocket

 

Waddu mean , theyre still goiong down .

 

Yeah at the moment but over 12 months or more....

Unfortunately (financially wise ) I am getting married in October, bought a P1 2 months ago and trying to move to the next rung of the property ladder so no cash to speculate with

 

I'm going to buy a couple of £k on Monday morning hopefully at 304p. Complete punt of course!

 

I bought more at 302p last week.

 

Bought some at 307p this morning, knowing my luck they'll spring another leak and go bankrupt now!

 

I could only pick up a few k at 315p this morning. Bloody HSBC Share dealing service was down at 8:00a.m. Typical.

I heard that the relief wells should be finishing early and the news over the weekend about the UK and US government both wanting BP to remain a viable company was promising.

 

I bought in today at 314

 

http://www.lse.co.uk/ShareChart.asp?sharechart=BP.

Check the 5yr graph G*d knows how anyone can make money from share prices ...

TX.

 

299 never thought I would see it!

 

Ha ha , i havnt dipped in yet

Admittedly its a long term thing

 

I went in at 350 ish, ho hum!

 

Share price has held up amazingly well today considering what the FTSE's been doing. Alot of people happy to top up under(or at ) 300p. Hopefully this is the bottom, if the relief well is successful in the next 2-4 weeks then there shouldn't be any more bad news.

350 isn't a bad average. Some people I've seen have between 400 and 500 average. That's high.

Mine's 315p, probably leave it a week or so to see what happens and then maybe get a few more hopefully between 300-315p.

 

Still doing quite well considering how badly the FTSE100 is doing. Hovering at about 322 today.

When it dips the next time I'm going to buy some more, only bought a few £k at 307p

 

Could lose the lot at this rate .!

 

Oil companies do seem a bit slow compared to some over the past 3 years.

Try looking at the mining sector. Anglo-American, Rio Tinto, Xstrata, BHP Billiton... Not saying to dip your feet in at the moment but as a comparison to big oil companies....

J.

 

Doing well, 358p. I was hoping for another dip after I bought at 307p to buy some more. It hasn't happened so far, I wonder if there will be another chance? I only bought a few £k back then.

What do people think, unwise to buy more now?

 

I sold half (meaning I can't decide ) at 358p this morning. Quick profit as I was in them on average at 325p.

 

I think the turn is to do with 2 factors - loads of people buying at 300p and the meeting between Cameron and Obama calming the 'anti-BP' mood of the US. But whether the shares continue to rise in the sort term is IMO all in the hands of the success of latest cap due to go on soon.

 

Gamblers the lot of you!!

 

you should be grateful -- the gamblers gift the money to the professionals

 

The current dramatic rise seems to be based on a number of factors.

Suggestions that the valuation at 300p was far too low and that a half in share price wasn't a true reflection of the company, the relief wells being at least a week ahead of schedule maybe more, some analysts including RBS issuing a buy recommendation (target 455p). Plus rumours that investors from the middle east were interested in buying large amounts of shares at the current prices.

I'm still in from 315p. Biggest downside for me is if the relief wells fail but on a recent video from BP the guy doing the relief well said he had done 40 previous relief wells with 40 successes. That's a good average.

If the relief well is successful in the next few weeks then I don't see a target of 455p being that off and that's 26% from where we are now.

 

I would be happy with 450p!
My target for sell is 500.
If they hit that I will be selling and then seeing what happens.
I do think this whole incident will have a dent in the company for 2-3 years and I think as time goes on it will settle at about 500 ish.
So thats my goal.

 

Oh we are, but price and volume go hand in hand and the volume on the uptick is still comparatively weak being less than the historic 200 day average volume also keep in mind now that for your bargain size you can effectively buy twice as many shares for the same investment which would suggest volume should increase naturally, which really has not been the case for this dead cat bounce. It's trading back on the trend line now, so if we can see it break through here with a bit of volume, i would consider for the first time looking to trade long of BP on the first pull back but it's still a punt, your downside is it could go bust your upside is probably less than a £1 i appreciate this is very much over simplified but i'm sure you understand my point! Then again you guys are risking your own money and can speculate that the reward is probably worth the risk, i'm trading other people's capital on a leveraged basis so i only trade high conviction ideas!

 

Well my goal is achieved. I've made 2 years interest on my cash in the last 10 days - compared to where it was before (instant access account).

Just call me Sid, lol

 

I'd just be happy with that mate, usually if someone chases a price higher they end up regretting it. I waited to get my price and sat through it going below £3 because I was happy with the price I paid.

I suppose this isn't really a true investment since I am speculating quite a bit. Just can't see the company shrinking by this much in the long-run. Obviously not expecting them to go bust either. Lol