Long BP

Discussion in 'Trading' started by heilbronner, Jul 16, 2003.

  1. Will buy some BP shares today around$ 39 for a swing trade.
    Heavily oversold area, also stops @40 triggered IMHO.

    Risk: moderate
    Possible gains: also moderate

    BP seems to be a boring stock, no hype at all, but makes you sleep well at nights.
  2. Maybe I better buy it directly in London.
    Anyone know the TWS Symbol for BP in UK?
    Do I have to pay stamp tax if I buy in London?

    Any British here?
  3. BP/Total spread also possible, although I will only take the long position in BP.
  4. Sure looks like it should bounce in here somewhere.
  5. Trade done. Sold @40.89 with moderate gain in a short time. Already moved to the next trade. :p