BP Plc (BP): I sold my BP position last week and made...

Reply Private New

Replies (1) Next 10 Prev Next

Send PM Follow Ignore

Followers	3
Posts	629
Boards Moderated	0
Alias Born	03/31/2010

boodlebing

Re: Helium-3 post# 4549

Friday, 01/07/2011 7:31:10 PM

Friday, January 07, 2011 7:31:10 PM

I sold my BP position last week and made a nice short term profit, but I am happy i'm out. Please do your self and me a favor and get out, I have a feeling it's going to drop to the $40s. I think these stocks will be good plays in like 8-10 years when oil is rarer. I saw/read something on the news about how oil stocks will drop because of the new hybrid technologies coming out. In my opinion I think BP is going to get hit hard from the blindside with this oil spill situation as well. I have a recommendation for you though, Buy some long term option Calls for SIRI, I have a nice position in this stock, and I am extremely bullish on it. I believe in 2-3 years it will be trading anywhere from $8 - $75 per share. This is all my opinion, but I will tell you I have a lot of cash in this stock. No way I am going to miss out on this stock :)