reasons that are as yet not public. TOdays actions was clearly insiders and institutional dbags getting out. Something is up, we can all guess as to what it may be, but we are on the bottom of the food chain and will not know until some reputable source tells us. Live with it. Not like longs hvn't had MONTHS of warning to get out of this crappy company.
I don't know about the rest of you so called investors, but I just bought in at $37.00. If any of you have any intelligence at all you should buying at these incredible low SP. Just look at the fundamentals of this company and you can nothing else but buy.
Very possible, over 20 million shares today and it was heavy from the open, some large sellers who wanted out even at lower prices...... unless management comes through with a stock buy back or dividend increase...... this turd can trend lower
It is easy to sort out. "Rabid envior" see sheen on gulf waters near Macondo well site.(300 seen in Gulf every year) Lab inspection identifies it as type that could be Macondo oil (as many other Gulf wells) BP agreed to send robot down for a "look see" Thursday night. The "market" is jumpy.