UK Stockmarket 2009 and beyond

sabretoothtigger

7% down does seem too much. They might lose a billion? and they havent found out how to stop their oil well from destroying the Mississippi estuary.
Justifiable fear but also overplayed longer term most likely. How much did Exxon fall that time they messed up

I do prefer Shell to BP just because of stories Ive read thats my opinion but that might be a nice trade depending on how the direction of the oil price which Ive no idea on to be honest

FTSE seems very volatile and cable is reversing back. We gained 40 points in 3 mins and after hours are in the process of losing them again.
Dollar is bottoming out


Next support for BP is 552 and might start to catch from 562 which would maintain their uptrend.
615 is about their 5 day moving average and seems a reasonable limit to any recovery


What yield is BP at this price ?

Viva_España wrote:

Europe advances with Greek stocks up 7.7%
http://www.marketwatch.com/story/unilever-siemens-help-europe-shares-edge-higher-2010-04-29?siteid=bnbh


Grupo Santander
SIBE: ES:SAN
Market cap
77.74B
P/E ratio
9.03
EPS
1.05
Dividend
0.18
Div yield
7.61%
Ex dividend date
5/3/10
http://www.marketwatch.com/investing/stock/SAN?countrycode=es



Banco Santander SA
NYSE: STD
Market cap
$100.83B

P/E ratio
35.00
EPS
0.35
Dividend
0.24
Div yield
N/A
Ex dividend date
4/28/10
http://www.marketwatch.com/investing/stock/STD

tonygee_3

Yielding just over 6%
9p next Wednesday(nice timing)
Just read market cap has fallen by £18 billion since spill,after good results, so seems overdone even assuming they havent insurance for these events

tradetime

Yes would have to agree BP looks attractive down here am buying in the 570's and below, but not from a trade point of view, longer term hold. That is of course if ii get their finger out, dunno how you guys could possibly "trade" with these numpty brokers. So far an average price of 572

tonygee_3

;)Well done,trade,seems to have(temporarily?)bottomed at 570
I couldnt log into iii,thats why I have 3 brokers(just in case)find TDW the best
If BP tanks(sub £5)I will fill my boots;)

Did u get back into AV. 3.50?

sabretoothtigger

Looks like its turning positive actually (higher lows) though I cant say for how long. 563 was the uptrend line so it does fit but I dont think I'll bother as its not that much of a bargain imo

If it goes near 550 which is some support I think then I may attempt to overbuy and trade some, hold some. I would sell some Shell to balance it out



I havent checked today but 3 out of the 4 FTSE horsemen Vod BP HSBC are riding negative now so wondering about some downwards momentum to this move still (if possible) We just need Shell to fall off its purch for all 4

Is not really going to happen I guess because BP isnt even negative overall, HSBC is, VOD is just adjusting some at worst



Aviva is more interesting, negative trend with support at 350 like you say. Appears to still be wavering, this price now is about the 5 day average

http://img72.imageshack.us/img72/2029/img12726263269625637892.gif

Some price volume around 350 but if that fails its a definite candidate for 300 where it'd be a much nicer price. Are they a good company to hold? I noticed all the life insurance bounced up a bit yesterday for some reason, normally I'd prefer to have SL or PRU if holding in this sector

http://img62.imageshack.us/img62/5751/bigchart.gif


http://www.h-l.co.uk/shares/shares-search-results/a/aviva-plc--ordinary-25p/financials

tonygee_3

sabretoothtigger wrote: »

Are they a good company to hold? I noticed all the life insurance bounced up a bit yesterday for some reason, normally I'd prefer to have SL or PRU if holding in this sector

Ive traded AV. hundreds(if not a thousand) times without a loss
They are like a DOW/FTSE tracker (with a 6-7% yield) so can be volatile
They should double in 10 years but best to trade for time being

BP,well I expect a bit of tension short term,but longer,the big guys will be wanting them back.If I WAS holding SHELL I would switch to BP.

sabretoothtigger

They've made switching hard to do because the ex dividend dates are the same for both companies. To guard against that tactic I guess

http://www.digitallook.com/cgi-bin/dlmedia/security.cgi?username=&ac=&csi=133755

http://www.digitallook.com/cgi-bin/dlmedia/security.cgi?username=&ac=&csi=10022




The massive oil spill in the Gulf of Mexico has begun washing ashore along the Louisiana coast http://on.wsj.com/c2oST3

The spill could turn into one of the biggest in U.S. history. An estimated 5,000 barrels a day of oil are flowing from the well, and officials said it could take up to 90 days to cap it, making for volumes that could exceed the 1989 Exxon Valdez disaster in Alaska and a 1969 accident in Santa Barbara, Calif.

turbobob

FTSE tumbling now, guess its heading to support at 5530. Held at 5540 for now.

sabretoothtigger

BP at 552 probably a good place to buy on a number of perspectives, some nice price volume occurs around that area longer term

http://img404.imageshack.us/img404/5751/bigchart.gif

Also this whole thing is a re-enactment of the febuary lows for a number of shares either on bad news like bp or europe, etc There is a possibility of a medium term market top to consider also


Look for 120 on the SPY as support from this last month and this afternoons low possibly

JamesU

Anybody happen to know if BP is liable to full costs of clean-up and/or likely to have insurance for this? $5 billion dollars approx with Exon spillage......long term effect on share price.......

JamesU