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DryShips, Inc. Message Board

  • avilucks avilucks May 28, 2010 4:02 PM Flag

    Just Bought RIG 56.80 & BP 42.95!

    Just like I said I would do, EASY MONEY next week! Still short this PIG, what else is new!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • you bought drys at the high then you cut your loss; and now you make 30cents shorting drys. don't think the 30cents profits make up for the massacre in rig and bp. was the stop loss for bp and rig painful today???

    • Falling knives..

      I thought that you were crazy to do so. But what do I know..

      I think BP is oversold.. But a lot of good stocks are over sold.

      Depression people are scared people...

      • 1 Reply to osu_lin
      • How one earth can you think that BP is oversold? It closed at $36.32 today, and is on a one-way trip (down). The liability exposure they face from the gulf disaster is already over an estimated $5 billion, and since they announced today that they won't be able to stop the leak until at least August (the 2nd and 3rd relief well drilling estimated date of completion).

        Their liability rises daily -- just the fines alone, which are tied to the total number of barrels leaked, continues to climb at a rapid rate, let alone the thousands of lawsuits they'll face for destroying the gulf's marine life and those that depend on harvesting it for their livelihoods.

        The only way to play BP is to short it, likely to death. Sure glad I sold all of my BP shares near the end of March at $57 for a 43% profit!

 
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3.26-0.06(-1.81%)Aug 27 4:00 PMEDT

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