Falling share prices

phylray



Joined: 21/09/2007
Posts: 1727

Message Posted:
04/06/2010 15:05

Not surprisingly, shares in B.P have been falling over the last few weeks with the oil slick

problem in Gulf of Mexico. In fact, despite the new government who are going to solve our

financial deficit problems, all shares have been falling more recently. Mine have gone down

over £600 in a few weeks. But today, strangely enough, the only one that is up a bit is - BP!

I don't understand it!?

kavenkoy


Joined: 10/04/2008
Posts: 1787

Message Posted:
04/06/2010 15:22

bp shares will go back up .



as with all investors when there is panic ,they panic .

specualtors cause panic and infact can cause companys to go under ....im waiting for possible law suit for bp to drive them down a touch more before i buy some stock .



if you want short money gain then buy and sell



kav



best cash is under your mattress at the moment ,lol

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
04/06/2010 16:28

Give it 18 months and the whole Gulf of Mexico debacle will be forgotten. BP will be posting record profits and their shares will have gone up considerably.



Now is a good time to buy their shares



Paul

phylray



Joined: 21/09/2007
Posts: 1727

Message Posted:
04/06/2010 21:23

Ah, you even get good financial advice on Cyprus44! My own adviser is my eldest son (also Paul)

and I might just buy some! Thanks!

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
04/06/2010 21:31

Get on them now you will make a killing,

Paul.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
05/06/2010 00:56

Caution,



There is speculation that BP losses could top 60 to 70 £ Billion. This could lead to the Company being bought out, or going bust!!



If the cap fitted today works, it could be all over.



You pay your money and take your choice. There is a good possibility that the dividend will be suspended. The Americans are demanding this.



Personally I would hold, but I would certainly NOT be giving advice



wynyardman

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
05/06/2010 01:29

Msg 6

No way! BP are doing their best but it wasn't even their oil rig or workers. The owners of the rig have yet to come to the 'party' to help or even admit to some sort of culpability. BP would pull out of the USA if they felt that a £70 billion price tag was attached to this disaster however, they are well covered by the oil industries insurance policy (forgotten the name of it). I'd wait until the shares go down to about £3 and even I'm looking to have a 'flutter' should they get to that level!



Richard

sporty


Joined: 06/12/2007
Posts: 685

Message Posted:
05/06/2010 12:20

i would agree with you on that Brins,dont catch a falling knife,i still reckon it could drop further before it bottoms out but if your intending to hold long term it does represent a buying opp. at the moment.

phylray



Joined: 21/09/2007
Posts: 1727

Message Posted:
06/06/2010 20:34

Well, they're up a bit again ! They're sounding more optimistic.

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
06/06/2010 20:38

A lot will depend on BP's Dividend policy which will be announced at the end of July.



Richard

HildySmith


Joined: 02/07/2009
Posts: 1708

Message Posted:
06/06/2010 20:41

Count yourself lucky - we lost £40,000 under labour's handling of the economy.

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
06/06/2010 20:52

Believe me BP will recover, there have been other operating disasters attributed to BP that have been worse in other parts of the world. I will be buying BP shares over the next month.

AJ

phylray



Joined: 21/09/2007
Posts: 1727

Message Posted:
06/06/2010 21:11

I hope you are right, AJ

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
06/06/2010 21:17

Share prices rise and fall, that's the risk. Why is some 'septic tank' pension fund manager wanting to sue BP for its current low share price? Beyond me! Doesn't that idiot not know that nothing is lost or gained until sell date!



Richard

phylray



Joined: 21/09/2007
Posts: 1727

Message Posted:
08/06/2010 00:52

I do count myself lucky HildaSmith, but not for the reasons you state.

It is all relative. I wish I had £40,000 left let alone lose it. My loss is

a lot to me. But I live in hope and I do not blame the last government.

Labour has always helped the ordinary people in my long experience.

HildySmith


Joined: 02/07/2009
Posts: 1708

Message Posted:
08/06/2010 23:12

That was the point - we did not have £40,000. My husband put money into his company shares for years so that we were not dependant on the pension alone and would not need to claim benefits. We have suffered badly as a result of the Labour mismanagement - Labour has never helped the 'ordinary people' I come from the North East - Co Durham which is full of ordinary labour voting people and is supposed to be a labour heartland - but labour has done 'bugger all' for the people of the North East. All they do is put their top dogs there to get a secure seat ie Tony Blair in Trimdon Village (Sedgefield), Mandelson - Hartlepool, etc etc etc/

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
09/06/2010 00:38

Msg 16

I do not understand; your husband bought shares in the company that he was working for, yes? So I assume he had a pretty good idea of the solvency of the company? Why blame any Government? Are you refering to BP? More information please!



Richard

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
10/06/2010 19:30

BP shares close at £3.65. Wait a few days and see if they are bottoming out. Worth a small flutter.



Richard

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
10/06/2010 21:09

Don't ever look too good, nor talk too wise.!



I would not reccomend this share, to this lady, at this time.



Guess you pays your money, and takes your choice.



Caveat Emptor is not just about buying property in The TRNC.



wyn

Blackpoolfan


Joined: 03/12/2008
Posts: 1568

Message Posted:
10/06/2010 21:35

Buy BP for sure, Obama will continue to moan and complain until they are low enough for an american firm to come in and buy it on the cheap. A very good bet for me in at £3.70 looking for a rebound towards £5.00 when the dust settles

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
10/06/2010 21:55

I repeat.



No right minded professional would advise a client to buy at this point in time.



Why doesnt an International Company, snap up this Company,at a bargain price?



Answer....Because they cannot quantify the cost of putting matters right!



There are plenty of Casinos in the TRNC, if you are of that frame of mind!!



Caveat Emptor.



wyn

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
10/06/2010 22:02

Wyn

You must be right on the ball, the Chinese are already having a little look!



Richard

phylray



Joined: 21/09/2007
Posts: 1727

Message Posted:
11/06/2010 01:48

It isn't just BP just about all my shares are down and continue to fall, especially in the last few weeks.