The oil rig disaster in the Gulf of Mexico has damaged BP's reputation will they manage to avoid a share collapse to 350p.?



472p to buy this morning.

the price recovery as indicated by the rsi divergance has now materialised. i would really like to be in for the long term recovery but feel unable to do so. the reason being that this recovery rally has "left behind" a daily "gap" in price.that may or may not prove to be significant, only time will tell. i am just not confident in buying for a long term investment when this gap is sitting there. just look at the daily gap in petrofac.who could believe that that would ever get filled? but it did and then what happened? as always just my opinion and dyor.
regards and good luck.
jkd

371p now and starting to rise

Took my profits

sold at 369.50p, it seems the market and BP has been reaching highs on the SLOW STOCHASTIC and on top it seems like a double top on the last couple days fo BP.

a 21% return on the T+ 20 is not bad on 9 trading days ( Close on a T+11 )

A chart made 10 minutes ago, showing what I said on the above post

probably a smart move with "profit taking friday" now with us

Friday is a great day for making money. Just go short

Looks like is going to finish down on the day, now 362.65p - 4.30p

and the $32.80 -0.94 -2.79%

ADRs $33.14 as i write

and $34.05 at close = goody goody for monday though that prob only equates to +3/5p, but better may be in store as dow +59

BP up 5.51% this morning

News from the US is that the government has "given the green light" for a takeover bid from a US company - hence the rise I guess.

I sold on Friday at 366, having bought at 315 so did OK. But have now placed a limit order on CFDs (which I didn't dare use the last time!) in case the sp dips briefly below 370 today. No loss if it doesn't...

BP - NICE Rise today

Anybody shorting this is either very brave or mad or both. Sp has gone down far too far for what the spill will ultimately cost BP whilst there are also pradators around looking to pounce on them at these low lvls

re - Friday is a great day for making money. Just go short ( post 664 )

Has "Clubman3509 " being caught with the trousers down?       

No I said Friday, not Monday I take it reading is not your strong point. Clubby is long BP

Clubman3509

do not try to be a clever clogg, unless you are from Holland

I have like others on the list of NEVER believe what you say.... end of story.

Is -- Clubman3509 - full of Sh#t?

YES
that is why - 3509 - had the trousers down

Don't try to be hard dickhead you are no match for Clubby you retard

Up 8.42% now

Masterbates

+ 9.43%

and a happy little bunny is cynic!