GlesgaKiss

Still holding on to mine obviously. Would like to keep them for good now, reinvesting dividends if/when they come back. Since I've been doing this, one of the main things I've learned is not to pay much attention to 90% of the analysts/fund managers on bloomberg/CNBC and instead make my own decisions.

Just looking to buy stuff when it looks good value and hold for the long-term... I'm not cut out for trading. Might hold ETFs from time to time though.

Dingdongler

As that's more my kind of investing I'd love to hear your thoughts on such matters as and when they come up? Perhaps you could resurrect your 'short term trading' thread and pop them on there?

All the best

GlesgaKiss

Yeah sure. I'll either resurrect that, or start a new one.

Thanks

dpb

Well i dunno , may have to dip back in at this rate !

billythekid

Anyone got any more thoughts, been up and down for the last few weeks.

dpb

465 will be the new natural high


and we wont get there for a bout a year

Dingdongler

Why do you think 465 will be a 'natural high'? As well as the liabilities from the spill the BP share price will depend on the world economy as a whole and therefore oil price/demand.

I'm going to hold onto mine for now. I don't have a a huge amount but did buy near to the very bottom, 307p iirc.

If I were holding large amounts ie £20k + then I'd probably take profit on a proportion of them (ie sell 25% of them)

To the best of my knowledge it's still a solid company with a healthy business, cash and a proven history of paying dividends. It's not everyday you get the opportunity to buy a company like that at rock bottom prices because of 'freak' conditions.
What else would I do with the cash anyway? Returns are awful from banks etc

Petem95

Almost dived in when these were around 320p - and wishing I had done now!

Dived into Connaught less than a few weeks before they went under tho... ah well, you win some you lose some! Bought RBS at 11p and they're about 5 x time that now, so all evens out!

dpb

whoops , maybe you should have out that bit into Hampson , at least theyre still trading

dpb

Infact youd have made 53% just today




pity i didnt have the nerve

GlesgaKiss

Good day for the stock market today! BP up to 441.

Another oil producer I have is Afren, which is finally making some decent headway today too, breaking a previous 52 week high.

James Neill

iTrader: (1)

Thinks its related to noise from BP that the dividend suspension will return at the end of the year.

tony de wonderful

I just 'profit took' today and unloaded mine.

Only made a bit but I want out of stocks anyway.

dpb

Well i gave up with this lot about a month ago , slipped since a bit as well


Should have gone for desire oil yesterday tho !!

GlesgaKiss

Anyone still holding here? The new CEO Dudley has mentioned a return to paying dividends in 2011 at a reduced rate; Probably not much consolation to long-term holders who've seen their capital reduced and have lost income this year mind you!

Anyway, seems quite stable for the time being, just following the general market and sector again. Not doing brilliantly today considering what crude prices have been doing, but looks like it may make another closing high today in the run since the June bottom.

billythekid

Yep, will be keeping mine for as long as I can. I went in at 370 so I am hoping for 500+

GlesgaKiss

It would be nice to see the dividend back. If it comes back at even half its previous level my plan will have come together nicely! I'll hold on to them for quite a while after that. If you're not doing it already and you don't particularly need the cash, I'd get your broker to reinvest your dividends for you. Great way to accumulate capital. Might give you a nice surprise in a few years on top of the appreciation.

Jay m A

iTrader: (2)

Still got mine

Dingdongler

Kept hold of mine.

I'm hoping Rolls Royce will drop more after the engine failure and I'll have a chance to get into that on the cheap as well.

dpb

Still below 430 , damn

GlesgaKiss

I'm pretty happy to have mine. Will be interesting to see what dividend they announce in the new year. Also picked up some Robert Wiseman yesterday, but missed out on De La Rue, Which I'd been thinking about for a few days. On Monday they were in the 550s... thought they might go lower, but it seems they've been noticed by all after a broker note from one of the big banks.

dpb

Wish id kept my TUI shares bought a few weeks back at 207

GlesgaKiss

Now in the Trout and I's predicted range for christmas. Get in!!!!

dpb

Du think thats the top for today ?

GlesgaKiss

Oh I don't know, it might reach 465 - the new natural high.

dpb

flippin 'eek , maybe were are coming out of recession

Taylor whimpey , Barrats up 10 % !

Neanderthal

iTrader: (6)

The construction industry is dragging the country out of it, although it'll dip after Xmas as it always does.

dpb

If you say so - where does the money come from to purchase these houses ?

Dingdongler

From one of these, they are running 24/7

tony de wonderful

Speaking of oil & gas shares, anyone have shares in Desire or Rockhopper (both Falkland explorers) - both hotly tipped by Goldman in a recent report? Desires just announced their 'find' is actually water, and the share price got destroyed. I'm thanking my lucky stars I sold these just a few days ago. Could be a good time to buy them back mind, if they can raise some more money of course?