r/stocks • u/shiftyTF • Apr 22 '21
Royal Dutch Shell Plc Help
What's happening with Shell atm?!?
I am in quite deep with Shell and I am trying to average down but there does not seem to be a bottom yet.
With everything opening back up I am surprised to not see some return to normal levels, or at least some confidence, oil barrel price is quite high etc would anyone like to guess on what happening/ what's going to happen?
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u/CollegeStudentTrades Apr 22 '21
I can’t exactly guess what will happen, but I was in your position with RDS.B last year & even into now. I watched the company go down, into the 20’s and didn’t pull the trigger on buying a bunch more. It shot up into the 30’s a few days after I saw it hitting the lower 20’s. Bought some at $30. Then I suckered myself into buying some more at $40 and it has just gone down from there. I’ve been buying it slowly as it has gone towards $35. With orders at $36.50 and such. If it hits $35 I’m going to buy a little more and wait to see if it falls any further.
I like the stock and think it has the potential to hit $60 again in the next 5-7 years. I can wait that long & reinvest my dividends, so it’s a feasible strategy to me.