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Tuesday, July 13, 2010 3:46:19 PM
elsewhere. BP is a possibility. I would say it was a
short timers play but I honestly think we have a couple of
folks that took today to diversify their portfolio a little.
I am still looking at the numbers, but the only time I see
something like this, on a day in which the market is up overall
and there is positive momentum on the stock, is when an extremely short time high yield play presents itself. I just don't see bp as that play. I'm sorry. Rivet has a point about what could happen by the end of the week, but truth be told, they could over pressurize during testing or over pressurize during the sludge and cement fill process and you'd be looking at another gusher.
I guess some folks are hedging their bets. Personally, I have never invested in oil companies. Nothing wrong with it mind you, it is just not my thing.
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