Cramer is a idiot....But when he said to buy BP their claims were they were leaking 1k barrel's a day. If everyone would have known at the time that is was nearly a million gallons a day I don't think they would have been saying that.
I dumped out at 33. Started at 37.50 so a little pain..but god the people who paid above 50.00! Grief!
There is too much blood in the water. Untill the stop ALL oil from gushing out this stock will keep bleeding. Then you have the div scare now going on...div is over 10%. Yes they could pay it...I dont think they will ( or cut in 50-%)
Will re-enter when this gets near 20-24.00 a share.