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BP

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Posts: 6

callmetim

Veteran

Joined: Feb, 2010

Posts: 1843

Posted: Jun. 30, 2010 - 6:18 PM ET #1

They're now trading damn near at their 52 week low. Is it time to jump in and grab some?

Rush51

Covers Rehab

Joined: Jan, 2005

Posts: 8856

Posted: Jun. 30, 2010 - 8:11 PM ET #2

Some analysts seem to think BP might have to file for BK.

Invest your money knowing that this might be a possible outcome.

callmetim

Veteran

Joined: Feb, 2010

Posts: 1843

Posted: Jun. 30, 2010 - 8:19 PM ET #3

Quote Originally Posted by Rush51:

Some analysts seem to think BP might have to file for BK.

Invest your money knowing that this might be a possible outcome.

Thanks. When has any "analyst" beaten the S&P 500?

justkeepwinning

Veteran

Joined: Mar, 2010

Posts: 1172

Posted: Jul. 1, 2010 - 6:19 PM ET #4

Quote Originally Posted by callmetim:

They're now trading damn near at their 52 week low. Is it time to jump in and grab some?

It's getting close to time to buy I think. I am trying to find a good online brokering site. Do you have any suggestions? I am wanting to wait until BP releases a statement saying they are good to go with collecting all the oil. The new skimmer they sent out today is a great start.

LeRinkRat

Legend

Joined: Dec, 2001

Posts: 85256

Posted: Jul. 1, 2010 - 6:58 PM ET #5

the top two BP rumores are either a Chapter 11 (BAD for the stock) OR a buy out because their world wide assets are worth far more than the current price (GOOD for the stock).

take your pick BUT T Boone Pickens said the other night he would NOT buy the stock.

Rush51

Covers Rehab

Joined: Jan, 2005

Posts: 8856

Posted: Jul. 2, 2010 - 12:20 AM ET #6

... And "T Bone" knows a thing or two about the oil industry. I would side with his knowledge and steer clear.

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