With two different judgments just days apart (Russia, unknown BP's part of 61 billion; and US Judge teen billion on extra liability) ... it surely is risky buying BP for the short term.
I think the funds got caught in it thinking the risk was over and now they're bluffing trying to act like everything is okay while they slowly selloff if the can.
Goldman Sachs uses people to sucker them the other way (seemingly). For example, ex-Goldman employee, Crammer was warning to stay away for 3 quarters from oil stocks that they would go down (maybe 4 qtrs. - last 2013 and first two 2014) oil was going to go to 85 (stressed late 2013) so what? Goldman customers can accumulate oil and gas stocks? I don't think Crammer did it out of malice, I suspect Goldman uses him on lots of things esp. IPO's... So when he finally gave in to start buying oil and gas that it looked like it was going to be stable what happened weeks (3-5) later? Right oil has crashed. If Crammer says BP okay where its at, then your puts are going to be good .... unless he's working off of new info and stopped being a sucker to Goldman or anyother contract in brokerage or money managers... Even if its from one of his own staff its obvious they're being used. I don't think Crammer would use us as he keeps saying he does it for us to make money.... lol
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