Long BP

[heilbronner]

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.

 

[heilbronner]

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?

 

[heilbronner]

BP/Total spread also possible, although I will only take the long position in BP.

 

[FX-Trader]

Symbol: ´BP.´

Buy the USF thing if you want to avoid stamp tax.

www.liffe.com/usf/home/homepage.htm

 

[tradersaavy]

Sure looks like it should bounce in here somewhere.

 

[heilbronner]

Trade done. Sold @40.89 with moderate gain in a short time. Already moved to the next trade.