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Location: Visitation between Wal-Mart & Home Depot
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I heard a rumor that the British government has stated that it would guarantee BP's debts and would step-in in the event of a takeover, considering BP's acquisition a national security issue.
Hmmm... $29 was my BUY trigger... well, I called it so I am in...
You called it??
Aren't you the same person who told the OP he was crazy to sell BP when he started this thread on May 5th and BP was trading at $51? (Actually, you didn't respond to his post until May 14th, but BP still closed that day at $46.87.)
Nice call.
Quote:
Originally Posted by evilnewbie
Ever heard of Buy Low and Sell High... let me get this right, you want to sell when its low? Okay... maybe you shouldn't dispense investing advice to your mom...
Aren't you the same person who told the OP he was crazy to sell BP when he started this thread on May 5th and BP was trading at $51? (Actually, you didn't respond to his post until May 14th, but BP still closed that day at $46.87.)
So do most people trade with a 2-week or even a 2-month horizon? I bet most analysts would agree that BP is probably a hold right now.
Let me guess, the boys are from the 36th Street boiler room operation that was shut down by the Feds yesterday. How's your accomodations over at the correctional center? Enjoying your new boyfriend?
Maybe back room stuff , but they said the same thing about Enron.... And all the while my friends were in on the buy side. Its hard to resist a cheap deal, even when you know its going lower and lower and lower.....
Location: Visitation between Wal-Mart & Home Depot
8,309 posts, read 38,792,265 times
Reputation: 7185
Quote:
Originally Posted by darstar
Maybe back room stuff , but they said the same thing about Enron.... And all the while my friends were in on the buy side. Its hard to resist a cheap deal, even when you know its going lower and lower and lower.....
BP and Enron don't have much in common. BP's stock price per share is probably below it's pro-rata salvage value. Enron didn't really have a salvage value.
At closing over 238 million shares were traded today. No wonder it closed at 29.2. The mutual funds must be dumping this, and read Goldman is preparing to protect them from being taken over.
If government makes them suspend the dividend it will drop into the teens.
Only the shorters are making money. And have fun catching the falling knife. It's still 50-50 for those who like to take the risk. But if you are looking to be safe, you better avoid this train wreck
At closing over 238 million shares were traded today. No wonder it closed at 29.2. The mutual funds must be dumping this, and read Goldman is preparing to protect them from being taken over.
If government makes them suspend the dividend it will drop into the teens.
I wouldn't mind buying, at that point In a month, we will have more convincing data if BP can survive and hopefully it will be in the mid-twenties or early.
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In a month, we will have more convincing data if BP can survive and hopefully it will be in the mid-twenties or early.
