We had a nice little run now but I believe oil is now being stock piled in the millions. I love bp long term but right now I think its time to start taking some profit. I sold today at $59.88 and my plan is to buy back before the Feb 8th dividend date. So as long as I buy back by Feb 8th I will get the dividend on March 8th. I'm not exact on those dates but I'm within a few days of them. So that's my plan and if you are a smart investor you would do the same. I guarantee bp will be down a few bucks before the febuary date I mention above...
Reading this makes me laugh. Every financial seminar I have attended instruct one to stay in the market for the long term. Trying to make a quick buck means you probably will break even if your lucky.
You should have never given your age on your thread it shows your experience level.
How do you buy more? You pay a trading fee every single time you buy and unless you have a ton of spare money laying around that you can just invest everytime the stock goes down. Once again if you have a couple hundred thousand dollars in BP right now then this would be a great time to sell and buy back cheaper and add free shares in the near future. But i understand if must of you people dont have the balls or money to do that. I have the balls and thats whats getting me the money. Goodluck! oh yea you never make a cent on any stock until you actually sell it.
10-22-2009 " Bp cutting dividend...Did anyone else hear about this? They need the extra cash for the modernization project."
10-23-2009 "My plan is working good its going down just like i said it would"
10-23-2009 "I told you people to sell high... I hope some of you people listened to me and sold your shares over $57 like i said. We are gonna come down another couple dollars before it holds steady then jumps back up. Wait until $51-52 and then buy your shares back"
10-28-2009 "Re: The Next Leg Down Will See Violent Selling... I agree and it will start with oil stocks getting sold"
10-28-2009 "Re: Oil sell-off start... We will see a big drop soon, the summer is over and we will go into our normal retreat"
10-30-2009 "Re: Go below $50 soon... I called it first its going down to $53 range"
Based on your previous posts, you shouldn't be offended if we all don't run right out and do what you say.
You are a trader so you must time your moves and hope you are lucky. I prefer to just keep accumulating for the next ten years. Thanks anyway.
You are a very low risk low reward trader. My shares are worth a lot more then yours because I've bought and sold about 7 times and everytime I do that I add more shares and I've still gotten the dividend everytime. I was right with all the post you reposted for me, bp went down $2 after I sold it and I bought back in. I'm telling you right now you are a coward if you don't have the guts to sell now and wait a few days when this is cheaper and I buy back in. Or maybe it isn't worth it to you bc you only have a few shares. Well I have over 1000 shares so when I do sell and then buy back cheaper I gain a lot of shares.