After its top-kill operation failed, BP /quotes/comstock/11e!fbpe5 (DE:BPE5 5.37, -0.48, -8.16%) shares dropped more than 8% in Frankfurt trade, with more than 1 million shares changing hands.
It already dropped 6% here on Friday. So it stands to reason it drops 8% in Germany.
Top kill hadn't yet failed on Friday.
will be dropping more in the days to come.
That puts it easily in the 30s, not to see the 40s again for a long long time. I say a 37-38 close. Tomorrow is the great sell-off in the stock on 100 million shares.
I'm for your 37-38.