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looks like this gonna drop to 130 by EOD today...
seriously, this is insane...
any experts out there, please explain for this behaviour...market almost up by 2.5% and this share in red...
I was thew one who put the money from my property deposit...but came out of the stock after the results day at 44 at a huge loss..
if I hadn't, it would have beeen suicidal for me...
I just placed a buy order for 50000 shares @ 10p..you never know, this might get triggered tomorrow itself,,,
the fear is that during last quarter thay cut the dividends by 50%, where as RDS did cut 66%..
if BP doesn't cut dividend for this quarter, it's gonna be huge(8p per share per quarter, which make it 32p per share, 15% divident yeild on current share price, who want to miss it..)
it was the same price yesterday at the same time...
when the market is flat...share price got hammered by 4%...
suppose the market is down by 1-2%, imagine where we gonna stand...
I was hoping October would be a better month as september made me poorer by round 10K...but looks like, october gonna be even more worse...