Let’s blow 5K on BP Shares

Old_Slaphead

mike88 wrote: »

The Yanks have just launched a multi billion pound lawsuit against BP for the oil spill so nobody will touch them with a bargepole. BP is a suicidal buy at present; I can't see Shell or anybody else bidding for BP or indeed buying their shares as today's news will ensure that the share price will be depressed for a very long time.

What's the old adage - buy on bad news, sell on good ?

This action has been known about for weeks/months and will have been priced into the shares within milliseconds of the news being released.

calypso_rhapsody

That's what i would have thought Slaphead but i heard on the radio this afternoon that the price dropped 2% today ... how strange - who on earth thought that this legal action would not be taken?

Old_Slaphead

calypso_rhapsody wrote: »

That's what i would have thought Slaphead but i heard on the radio this afternoon that the price dropped 2% today ... how strange - who on earth thought that this legal action would not be taken?

But price has got a bit frothy in last week or two because of takeover spec which now seems less likely until these issues are clearer. Maybe the hot money has moved out for a while.

Jake'sGran

cardsharps wrote: »

Famous last words. You should have bought when they were £3. So you've missed the boat.
I'd buy Shell instead. Then you'll get nearly 7% interest on your money while you wait for the share price to go up, you'll get nothing with BP.

There was a brief item on the news this morning that Shell might make an offer for BP. Did no one else hear it?

sabretoothtigger

http://www.ft.com/cms/s/0/745003f2-1aa8-11e0-b100-00144feab49a.html?ftcamp=crm/email/201117/nbe/BreakingNews1/product#axzz1AOb0mA9Y


http://www.iii.co.uk/tv/episode/bp-bp-1

Edmond Jackson introduces the second of his yearly picks with the British Petroleum at 455p. See here for more information on Edmond Jackson and his stock picks http://www.iii.co.uk/tv/episode/edmond-jackson-private-investor-interactive-investor-commentator

Jake'sGran wrote: »

There was a brief item on the news this morning that Shell might make an offer for BP. Did no one else hear it?

old news if it was ever true. They couldnt take them over even if they wanted to.
Big difference between the live share price and actual cost of buying a company, almost always theres a premium to pay like cadburys, etc. Not really feasible

hodd

I'd set a sell target of 500 and sold the lot today at 501. It would have been sensible to keep 50% or so, but it's hardly sensible to blow 6K on one company anyway. I'll buy again if it goes below 480. I just hope it doesn't rise too much now, but I've made 1500 Pounds so can't be too upset.

p.s. That's not a boast, definitely not. This is coming from the man who bought 2K of International Power at 345 two weeks ago, before cutting my losses at 320 last Friday.

poppy10_2

hodd wrote: »

I'll buy again if it goes below 480.

New to investing in stocks and shares... is it possible to set up a trade to automatically buy if the price drops to a certain level? i.e. put £5k in an account but not actually buy the shares unless the price falls to, say 450p?

hodd

Bear in mind, I'm no expert, which is why I edited to add my recent International Power shares flop. I also once posted on here to ask about buying Easyjet shares after they had fallen heavily. I was a bit surprised to then find one poster thanking me for identifying this "opportunity". I hope that person didn't buy because Easyjet fell further after that time.

Likewise my BP luck was a one-off fluke.

poppy10 wrote: »

New to investing in stocks and shares... is it possible to set up a trade to automatically buy if the price drops to a certain level? i.e. put £5k in an account but not actually buy the shares unless the price falls to, say 450p?

I don't know if that is possible, but I wouldn't leave that amount of cash in a share dealing account for too long. It will be safe enough but will earn no or next to no interest. Better to open a share account, keep an eye on a particular share and transfer the cash to your share account when ready to buy.

I've read the usual FT investing books, but surprisingly Naked Trader was the most useful for shares. I say surprisingly, because it's pitched at quite a low tabloid level but good nevertheless.

Derivative

poppy10 wrote: »

New to investing in stocks and shares... is it possible to set up a trade to automatically buy if the price drops to a certain level? i.e. put £5k in an account but not actually buy the shares unless the price falls to, say 450p?

Most dealing sites will allow this yes. Unless your particular stock is very volatile though, you are best served leaving the money in a savings account and only transferring if, say, the price reaches 455p.

mcbean2011

that was such a good investment, i wanted to to buy shares at bp when it went down to it lowest at 308. and now its nearly 500 so would have made quite a big profit. But i didnt bother. great way of making money if it pays off. But a big company like bp will never go down. Unfortunetly some people wait for world wide disasters to gain money.

are you putting shares on easyjet mate