BP Stock (spend, Buffet, shares, current)

[darstar]

Originally Posted by Jason28

BP down 15% today and my June puts increased 400%. I wonder how much lower the stock will dive?

A mile down, then 18,000 feet.

[treasurekidd]

[QUOTE]But if BP were to ever go down to 15 or lower in the future[/QUOTE]

It won't go that low - it would get bought out before that. I agrre with the call on XOM though. They're a screaming buy right now.

[Currency Pair Crocodile]

Originally Posted by treasurekidd

[QUOTE]But if BP were to ever go down to 15 or lower in the future[/QUOTE]

It won't go that low - it would get bought out before that. I agrre with the call on XOM though. They're a screaming buy right now.

Yep, screaming buy. They are closest to their 52 week low right now. And they can't go any lower

[fourlug]

Originally Posted by freedom

Best of luck. I'd use dollars that are not necessary for your future. Worse odds than Powerball.

So you shorted BP?

[mathjak107]

CANT GO ANY LOWER, yep Just what i thought in those early months about
city bank
bank of america
merril lynch
ford
gm
aig
and a host of others

[Currency Pair Crocodile]

Originally Posted by mathjak107

CANT GO ANY LOWER, yep Just what i thought in those early months about
city bank
bank of america
merril lynch
ford
gm
aig
and a host of others

Haven't you heard of the general rule, if it hits 52 week low and the company is a rigid one, time to buy a 100 shares

A 30 year old guy like me has nothing to worry about. No family or kids yet. This is the prime time for playing.

While BP continues to crumble, christmas is coming early for XOM. I am wondering if I can diversify and put some money on Royal Dutch Shell. They might stand to gain too. Or..... if XOM does not buy BP, RDS might.

Thoughts?

[chopchop0]

Originally Posted by aliveandwellinSA

worth reading for anyone in the oil patch investing

Altucher - Is BP a buy here? - Financial Adviser - WSJ

The drillers are definitely a buy. My positions from March 2009 are now negative They have been completely oversold.

Altucher: Time to buy the oil drillers? - Financial Adviser - WSJ

[Jason28]

So with the criminal investigation starting at the close of trading today, can we expect BP to drop more or perhaps stabilize a bit? Any thoughts? The volume today was so heavy that it can only be explained by institutions unloading massive quantities of shares. Short of Warren Buffet unloading all his money in this stock, I can't see any valid reasons for it to turn around until August at the earliest.

[freedom]

Originally Posted by fourlug

So you shorted BP?

I don't gamble in this market anymore. To rigged, to dark pooled.
I mean can you see the corruption in the schizophrenia...Up 200, down 200...

It's only a traders market, they make it on the up and down, and could give a rats donkey on the customer/better.

I'm really glad i went to cash and commodities and dumped the 401krap, what a con.

[RottenChester]

I'm no Nostradamus, but I would be shocked if BP stock didn't drop below $30 in a few days.