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Trading the stockmarket (NO Referrals)

Discussion in 'General Discussion' started by mcast123, 2 Apr 2009.

  1. Gaygle

    Capodecina

    Joined: 7 Nov 2004

    Posts: 15,278

    Location: East of England

    Yehhh, BP were doing well until about 10days ago, now they are just eating **** everyday. That said, surely there's no point selling and losing money. Assuming your average isn't huge, the price will recover to a break even at some point unless you're thinking there is some huge drop coming and you'll rebuy after this huge drop.

    Hopefully there isn't a huge drop coming (apart from today will be the only thing I can see which will give a big swing, could go up?) so I can't see it being worth selling now.

    The dip in price is from oil price dropping slightly, BlackRock announcing they're not going to invest in any company who hasn't got good green credentials and the earnings report due today.

    As confidence grows in the next couple of weeks over lockdown lifting and the earnings report, whatever it says, being in the rear view mirror, I can't help but think this will have a good impact on the price. Especially if BP are also making strides to become greener so they aren't at risk of losing BlackRock investments.

    That said, as soon as I can get close to break even, I'm going to reduce my position with them. I think they'll do fine in the long run, but they're a bit of a risk as they still have a lot of debt and are going through this green restructuring which is costing billions at the same time.
     
    Last edited: 2 Feb 2021
  2. Trig

    Mobster

    Joined: 18 Oct 2002

    Posts: 4,525

    Location: Leicestershire

    Oooof, after hours on GME isn't recovering yet, is this an out of hours ploy by the market to try and force a sell from those holders and make them think that its all over, before it actually is...
    Could be an interesting day...
     
  3. Noxia

    Sgarrista

    Joined: 30 Dec 2010

    Posts: 8,594

    Location: Wiltshire

    I'll be buying back in if it's this low on opening just because I enjoy the ride. Not with all my prior profits of course.
     
  4. Martynt74

    Capodecina

    Joined: 20 Feb 2004

    Posts: 16,084

    Location: Higher Walton

    The German market has opened now. It's increasing slightly which is usually what starts the US out of hours price to increase.

    Don't see a full recovery though.
     
  5. Tom_ed1987

    Wise Guy

    Joined: 1 Mar 2004

    Posts: 1,610

    Location: Warwickshire

    You can buy US stocks through Revolut (I think 3 free trades per month or something like that) - signup is much faster than any of the trading platforms.
     
  6. Trig

    Mobster

    Joined: 18 Oct 2002

    Posts: 4,525

    Location: Leicestershire

    As long as it goes back above 240 I'll be fine lol
     
  7. Martynt74

    Capodecina

    Joined: 20 Feb 2004

    Posts: 16,084

    Location: Higher Walton

    Haha i'm not too confident. It's interesting reading all the stuff on WSB, but it's hard to know if it's just confirmation bias or genuine stuff. It's getting a bit conspiracy theory for me and whilst i imagine some of it will be true, it seems a bit far fetched that some hedge funds have got so many people under their control.

    I suspect it'll slide as people give up and just cash in. Especially those who got in early as things stagnate. No-one new is coming into this seems the huge drops either and half of the posts on WSB are probably nonsense now.
     
  8. Trig

    Mobster

    Joined: 18 Oct 2002

    Posts: 4,525

    Location: Leicestershire

    Yeah, stagnant prices will get people bored and they'll move on, I wonder how many on WSB are actually still in this and how many have sold but are just posting the meme's and rocket emoji's...
     
  9. Gaygle

    Capodecina

    Joined: 7 Nov 2004

    Posts: 15,278

    Location: East of England

    I'd guess a significant part will be the latter. If people think they're going to lose money, the vast vast majority will want to stop this from happening. Only a few mentals who are more infatuated with the spectacle of it and who keep squarking "HOLD THE LINE" in the face of losing tens of thousands of dollars will actually hold (...the bag).
     
  10. 413x

    Capodecina

    Joined: 13 Jan 2010

    Posts: 21,858

    Location: Llaneirwg

    That's how I feel. No one new is coming in. And the pre market moves are so dramatic you can only watch from the side lines as you lose/gain. Pre market seems immoral to me. But money is money.

    Once pump and dumps lose momentum, just like the ceiling, who knows where the floor is.

    And those who didn't cash out last week are crazy
     
  11. arknor

    Caporegime

    Joined: 22 Nov 2005

    Posts: 38,392

    Location: Newcastle/Zurich

    I'm only down 6% so far.
    been averaging down all the time though and hold like 3x more shares than I wanted too.
    ceos surname is LOONEY, guess it makes sense now.
     
  12. Trig

    Mobster

    Joined: 18 Oct 2002

    Posts: 4,525

    Location: Leicestershire

    Down to $170, see how many bail today as it tanks, that in turn will cause it to tank more, and the brokers eventually win as everyone panic sells lol
     
  13. Gaygle

    Capodecina

    Joined: 7 Nov 2004

    Posts: 15,278

    Location: East of England

    Mmmm, it's a great time to do that, shame my ISA is maxed out and all my other positions are down too so I don't want to sell anything. My avg is 293p which is looking further and further away as the days go on. Ah well, it was always a long term hold, I don't need to withdraw the money so there's no point in worrying about it. If you don't have BP shares, now-ish would be a great time to buy in. The rubbish earnings report has come and the price has taken the hit, all the baked in optimism of a quicker recovery that existed 3 weeks ago is gone and genuine optimism is returning with the vaccine and senior politicians, who have recently been very cautious, now making noises about us enjoying a summer again along with news of 10million vaccines set to hit the headlines tomorrow.
     
  14. Casdawer

    Mobster

    Joined: 14 May 2009

    Posts: 3,887

    Location: Hampshire

    Watching the GME price drop is making me feel slightly better about coming out last week (though $132 was still not my ideal exit price). Should've sold at $400 :mad:

    Shame AMC is taking the same hit as GME. I know the 2 are tightly knit together but AMC is actually in a good position for post-COVID. A part of me wants to just cut my £200 loss and just get out but the other part of me thinks that AMC should be a long game due to an expected high demand in 'outside' activities once vaccinations are in full swing in the US.

    FUD in full swing by Wall Street and these dirty tactics need to be looked at.
     
  15. Mull3t

    Mobster

    Joined: 13 May 2008

    Posts: 3,557

    Location: Leicester

    Jesus it’s definitely tanking now.
     
  16. Jono8

    Caporegime

    Joined: 20 May 2007

    Posts: 33,915

    Location: Surrey

    Seems like this goose might be cooked.

    Glad my indecision kept me away.

    Was an amazing opportunity for those that got in early though (ie end of Dec/start of Jan)

    Is there really any realistic possibility there will be a short squeeze now?
     
  17. Gaygle

    Capodecina

    Joined: 7 Nov 2004

    Posts: 15,278

    Location: East of England

    I think today will be critical. But my prediction is no.

    I think there will now be a gradual decrease in the share price over the next 2-3 days as people slowly lose confidence that they aren't going to the moon, and start selling off slowly as a result. The shorters will just watch and wait I'd imagine.
     
  18. Jono8

    Caporegime

    Joined: 20 May 2007

    Posts: 33,915

    Location: Surrey

    This is going to be horrible for those that threw everything they had at this at the 300-400 dollar mark.

    If the share price goes back down to where it was before all this started and they keep holding they are going to lose almost everything.
     
  19. Apex

    Capodecina

    Joined: 12 Feb 2006

    Posts: 12,539

    Location: Surrey

    perhaps it is down for good and it's all over, but don't forget, last thursday it went from 470 to 120 or so and then back up to finish the week at 328.

    if you beleive in the squeeze it was always expected to drop, but hopefully not by much so that when the squeeze comes it rises faster.

    at some point one of these hedge funds are going to decide that it's low enough to buy all the stock they need to buy, and in theory it should set off a panic buy from the other hedge funds that want to do the same while the price is low.
     
  20. 413x

    Capodecina

    Joined: 13 Jan 2010

    Posts: 21,858

    Location: Llaneirwg

    It had hype, momentum and positive sentiment then.

    Now there will be a lot of people nursing losses who will feel betrayed. 'I was promised id make money' and they will be bitter. And vocal.

    The new people who basically thought this was free money have been woken up. There will likely be a bit of a bounce at open. But it will probably correct as the days go on to near where it started.

    No doubt it will be a volatile stock for months