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 :)
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