10% wouldnt work on commodity shares, they swing more strongly then that. He is quite an aggressive short term trader and uses leverage so I think he has no choice with his rule. Also he re enters after selling, that might be much smarter really as you dont need to suffer the whole drop
BT are great shares to own. Mine have almost quadrupled over the last few years.
I used to work at BT. I'd say they are fair value now though all big companies are in a golden age for cheap money to do their take overs and such like.
Telefonica just sold the old BT mobile division, I think they made a decent amount on it. This helps finance hopefully greater growth in South America.
Where as BT is going back to mobile here?
I might be silly to say this but I think we'll move on from mobile being as profitable as it has been. Refinement and progress competitively just like land lines were so expensive in the past but now its just part of a package
Anyhow a bigger BT runs a risk of regulation especially with Labour looming as they are over Centricia for example
The actual BT shares are strong, at some point I'll do the paperwork for a sale. Cant say I bought on the lows, they were given to me at IPO
I think BP is a sale today but I might be stupid to do so as they pass 450. Panic in Yemen might allow them to rise generally, indexes are pulling back some and might continue
470/480 would be nicer, div in May ? I'll hold some to 550 as I have done before
share price was hit in a Over the top way
This always happens. Swings and roundabouts. a lot of share moves are from hot money, which is traders or people who buy but cant hold. So if you come from a safer place, can see a longer view thats the real secret to making money but its hard not to catch on whatever strife is occurring.
Yemen rebels are operating an airforce
Al Qaeda operatives are also in the mix, that area affects shipping lanes for the Saudis I think.