This is once in a lifetime opportunity to buy BP at $27. As a matter of fact last time BP was trading at these levels, half of this board was wearing dipers. I know shorts will try to say don't catch the falling knife, BP BK , blah blah blah... I am all it at $27. Dont bash me if BP goes down 50 cents or even a $1 or $2. I am not on margin. You shorts have to worry. BP will trade above $30 next month, and when the relief wells are done, back to above $40. I will be realistic and wont say it will be back pre spill levels anytime soon, but hey, 40% upside in less than 3 months I will take this trade. Yes it is risky, but if you dont risk, you wont drink champaine (russian saying). Buy BP now, thank me in 3 months. Happy Trading!
Listen kid, many smart people who know how to crunch the #s. BP is super buy @ this price. The only question for pros is when to buy and not if to buy. Only retail shorts like you with few puts believe a company that generate 300 Billion (with a B) in revenue annually would fold over an accident. FYI, the 20B fund BP created was set up to conform to IRS code 468B. If you know anything about accounting you'll know that this setup should enable BP to deduct almost every single Penney paid by this type of fund.
You must have a death wish!
Personally, I wish that BP is destroyed so that it can never do this again. And the other oil companies will learn that they must be 1000000 times more careful!
You have no idea how many claims are going to be made against BP! No idea!
"As a matter of fact last time BP was trading at these levels, half of this board was wearing dipers."
Did they have a catostrophic spill of historic proportions resulting in unlimited liability for decades to come at the time your referenced?
The are people yet born who will grow up to be lawyers and feed from this trough.
Consider selling short.