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BT Group plc Message Board

  • bullyjack03 bullyjack03 Jun 3, 2010 7:13 PM Flag

    Where are we headed? should I sell or hold

    thanks a GL!

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    • I sold last week at $102, I was going on a trip and had no web access. BPT has gone above $104 several times and 1 time above $105. This appears to be the high high.
      Now the dollar is getting bit up, big time, -16% against the Euro since January 2010. Oil as a commodity is, more times than not, traded in USD. The WPI of oil has to go up has the USD is worth less. If you look at gold, it has go up 10% since 1 September 2010.
      I believe BPT has some room to move up until Xdate. I am back in with a smaller position. What I am really saying is that inflation is starting to show up, and oil and commodities, in general, are a strategy against inflation. Bonds are not going to keep up with oil, iron ore, gold and more. One has to remember Roosevelt, the UDS lost 40% of its value, but was still the best currency, hands down, in 1948. Today the USD will get bit up and may not survive as the top world currency, thank to B.O.

    • Nice run up and looks to open above $20 today. I think I am selling out for the short term since this market is still crazy!!!!GL!!!

 
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65.29-0.59(-0.90%)Jul 25 4:01 PMEDT

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