The casing is blown out. Wrong. There is a massive leak several miles away. Wrong. I pointed out in earlier posts that this guy has a reputation for being an attention grabbing alarmist who never lets the facts get in the way of tooting his own horn. I wonder how much money was lost by shorts who believed this idiot? I hope there is a criminal investigation....if Matt Simmons made money shorting he should be jailed.
Dylan Ratigan, you just lost cred big time.
Simmons is short at least 8,000 shares of BP; 4000 shares @ $48 and another 4000 shares @$37.
Thank you for making my point. I don't recall if CNBC, MSNBC, or any of the other media outlets that provided Simmons a podium revealed that Simmons had a short position in BP. If not, then at best their behavior was at best highly unethical and at worst criminal.
So if someone is short they have lost their sense of reality! Is that what you want us to believe>
I think you git shorts and longs confused.
SHORTS are a skiddish bunch. We don't act on emotion. We use our heads.. That is exactly why we are making money while you lose yours..
Save up $25,000 and open up a margin account.
I am glad you shared you wealth of inexperience with me. Now, STFU! You can keep drinking the BP koolaid if you want, but BP will be exposed for lying about what is really going on in the Gulf.
My post was about Matt Simmons setting a trap for naive shorts such as yourself and not about BP lies and coverup.
Your "drinking the BP koolaid" comment is moronic: Everyone by now knows that BP lied and covered up about drilling safety and initial leak volumes...so what? What does that have to do with the fact that naive shorties such as yourself were severely burned becaused they believed Matt Simmons end-of-world prognostications. Sorry, shorting game was over weeks ago...you better cover and take your loss like a man. This might be a good time for you to reflect on your personal greed and understand what it has cost you.