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BP plc Message Board

augidog8407 3 posts  |  Last Activity: Jul 3, 2014 9:16 AM Member since: Jun 9, 2009
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  • augidog8407 augidog8407 Jul 3, 2014 9:16 AM Flag

    nice call sign "slime"...sorry but casey is mostly right, or at least his theory is. across the board this is a shadow recovery. i feel this is a rally much like 2003-2008 smoke and mirrors. sooner, maybe later this house of cards will fall. these jobs won't pay for the WANTS of the american people, unless credit starts to get extended. 200K Min. wage Jobs can't pay rent, cell phones, cable, electric, internet, cars, insurance...etc Something has to give, it's just a matter of time. Banks still aren't lending....but they sure make it look like they are. Over the next 10yrs the best thing that will help this economy is baby boomers die off and leave inheritances behind to get spent. America needs to bring back blue collar manufacturing jobs spike inflation and move forward

  • augidog8407 augidog8407 Jun 26, 2014 4:15 PM Flag

    Um....not being critical here but...when you IPO under a prospectus 424b...someone has to SELL SHRS! Usually it's the Company people who own shrs. They cash in, and the company then ISSUES shrs to raise capital = The IPO shrs of 8.9M, that's not a lot of shrs to put to the market. so the CEO and rest of company employees/investors kick in some of their own approx. 6-10% = 17.8M avail to trade = OUTSTADING shrs just today. I bet....most of these trades (sales) happened right of the gate when it started trading, the other 30M shrs traded were those day trading or desperate to get in. I rate this a buy, because it's one of those "I gotta have it-but don't know why" stocks. This company has a long way to go to keep this valuation.

    Sentiment: Buy

  • augidog8407 augidog8407 Jun 26, 2014 3:46 PM Flag

    OK, so here's the skinny. 8.9M shrs IPO'd @$24/sh = A LOT...who cares. The OUTSTANDING SHRS are what's important, and that should be 17.8M if I read the 424b correctly. ISSUED SHRS not relevant yet. So, 44M shrs traded...this is the stupid thing. As people BUY someone has to sell, all these day trades are pumping the price and there's only 8.9M shrs trading. the other 8.9 are class B not trading, so this is all HYPED UP and yes some smart people are buying but mostly idiots. Unfortunately this is going to go up as more idiots tomorrow will take notice and want in...so this is either a get for a bit 1st earnings then sell, or wait for the buyout, as I'm a firm believer it will get bought by a bigger Company. The media aspect to this is viable and can be profitable to a conglomerate who has other revenue to offset the potential negative. After all who wants to pay for content...especially stuff people upload on their own accord, Um, YOUTUBE is still Free, and should be for years to come! Yeahyeahyeah, it's all that future ad space...it doesn't work. I rate this a buy just for the stupidity of the trade.

    Sentiment: Buy

BP
51.61-0.19(-0.37%)Jul 11 4:00 PMEDT

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