Let’s blow 5K on BP Shares

Thrugelmir

mcbean2011 wrote: »

But a big company like bp will never go down.

The price has gone down from peak. 52 week high is 655p.

mcbean2011

i meant down as in bust not share price down sorry

Thrugelmir

mcbean2011 wrote: »

i meant down as in bust not share price down sorry

Companies often get taken over rather than going bust. Once there days at the top are over.

hodd

mcbean2011 wrote: »

are you putting shares on easyjet mate

No, their price fell sharply after they published (not too terrible) results. The price has since gone lower. The main concern they highlighted was high fuel costs, and this doesn't seem to be improving.

BP was a fluke for me, and buying just because a share price has plummeted is probably a very bad strategy. As I said above, I was a bit down that someone thanked me for "highlighting" Easyjet's share price drop.

sabretoothtigger

Never buy for just one reason, never buy just once I reckon is good advice.

Resurrecting this as I reckon we may see a run of gains for BP depending on if they have stopped messing things up.
It could be the end of a five year bad run for them

atush

I hope so.

I'm in profit from where I bought in the mid 300's but obv I'd like to see it go higher before i sell. I have too much oil in my share portfolio at the moment.