Trust me here...no harm will come to BP.
Britain will not let their pensions go down the toilet.
BP will rally soon...
The gloom and doom is just a show.
Even the prez is full of potatoes. He has to do as song and dance for the public but behind the scenes he is chummy with the brits.
There we go. King of the Anthill.
This is why I make $$$$$. I make the trades that most are afraid to touch.
That's the difference between making 30K a year and making 500K a year.
Knowing how to see through the smoke and mirrors when everyone else is a afraid and being able to plunk down 100K when you see a good chance for a profit.
At At $35 I will short with a tight stop.
You're right about gloom and doom you have seen nothing yet. Wait till they put a cap on the well and the same amount comes from a break 1,000 feet down.PPS will be lucky to hold $3.
What people don't seem to understand is this has been going on for 60 days..
The oil they are fighting at the beaches of Florida Alabama etc. is the oil that was released almost 45 days ago. It takes a while for the oil to reach ashore.
There is AT LEAST another 45 days of oil to arrive right behind what they are fighting today.
It is NOT up to Britain what happens to BP
ANY rally will be short lived (pun intended) and will be followed by a massive slide.TO THE teens.
Doom and Gloom doesn't even begin to describe what is happening in The Gulf