So I've had this bad boy since 2008-09 and made my first purchase around $34/share. However, I bought this stock a few days after the oil spill which was completely blown out of proportion in my opinion, in the $50's range. So my average is in the $40's. I am thinking about averaging down so I can get my shares in the $30's and be ready to make 100% returns when this baby hits $70/share soon.
-mikecart1, MBA Grad 2010/Professional Investor/Motley Fool All-Star
as long as it's not with your money, why would you care? I don't necessarily dwell in the past, only the future, so we shall see as only only time will tell who laughs last and longest and who the sucker really is
It is not if, but when.
It is a question of patience and expectations.
BP is for the long term trader.
Dividends are expected to come back in full-force after this economy fixes.
Those that bought BP in the $30-40 range will be very happy in the next 5 years.