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Replies to #1487 on BP Plc (BP)

The_Free_Nebula

06/12/10 9:16 AM

#1488 RE: qwk #1487

Have you been paying attention. BP had a capitulation (wed) - then a post capitulation rally (thursday) both highest volume days this year and it has extended on Friday...In spite that the company is deadly poison now...Their PR machine is working...

Got to see how the dust settles but unless something really new negative happens it will continue to creep up...much to my chagrin..Got a few lotto PUTs JIC...

Even the divy will be a win-win for these AHs...they cancel it - spin good guys they rally - they pay it out...f'US - shareholders love them - they rally..the world is now bizzarro since they should no longer exit as a company because of this...it is enviromental manslaughter at best and E-Murder at worse....

Tina

06/12/10 9:30 AM

#1489 RE: qwk #1487

I'm not even in it yet to be underwater and hope there is a major panic sell off lower than it has gone already.

Just been in way too many catastrophic stocks that people allow their political views cloud their judgement.

However, it's these kind of emotionally (chicken little) based emotions that I enjoy the most.

If it does happen, like a vulture, I'll be here to pick thru the carcass (by the way check out my catastrophic board) :)

just like the banks were ALL GOING BELLY UP because the EVIL greedy bank executives caused such chaotic mayhem...lolol

IMO BP is too strong of a company to go under and the wonderful world of good do'ers will all chip in and clean up this mess and BP will be back to business as usual and another few years from now, this will be another memory of what happened back when just like the last time.

MinnieM

06/12/10 1:32 PM

#1499 RE: qwk #1487

Anyone that is underwater in this stock should buy puts to counter this devaluation. That's the only way to protect their capital at this point.

JMO