BP is trading in a range right now. It will probably dip further. I may be a buyer around 40.
Sell @ 44.5-45.0. It may take a while to get there, but I've done this a few times now. Hard to wait for all of these lawsuits to get resolved, I'm not sure that maybe these issues have already been baked into the price. GTL.
Something is up, but I am not sure it will go back down to 40. I use to think that, but now have second thoughts. We will possibly know this week if a settlement occurs for the trial starting around February 25, 2013. I think there will be a settlement. So, either the large volumes sold were from shareholders in fear and bought by large rich corporations and people or vice versa. The sheer volume alone this week speaks a lot....I just don't know what it is saying.