all good things must come to an end. sold off all BP holdings today in addition to taking remaining Apple profits. also liquidated Integris after they popped $8/share after announcement of WEC buying them. all 3 positions were very profitable. BP capital gains came in at 27% including modest position prior to spill. also realized an avg of 4.25% yield after paid dividends last week. wanted capital for a real estate investment that is just too good to let go by. am still into market big but time to ring the ole cash register.
i wish all BP long's well. davenport, retiredbill, stoolpie, gstocks and drdis. i appreciated your posts. you all will have to counter vikkitrader and stakeholder's negativity and attacks without me. lol. neither are investors. just 2 jealous miscreants seeking to find some cause to validate their existance. unfortunately they picked BP. mayhaps they are one and the same.
altho closing my BP position, and maintaining presence in other publicly held companies, i still rate BP a strong buy. was somewhat concerned over the rising P/E and, like engineer_peon, thought it a good time to exit. BP is close to being best in class and returns a nice yield while protecting share price. definately a shareholder friendly company.
as Spock is fond of saying... "Live long and prosper"
Best-o-luck, nad. I'll be riding BP a while longer after a brief period of indecision. It will either take us above the clouds or we'll be feeling like Slim Pickens at the end of Dr. Strangelove. I believe it will be the former.