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I am not sure which law firm they will be hiring but I have yet to see a law firm charge billions in legal fees. $15 mil maybe even $30 mil tops and that is if this drags on for 20+ years. I believe the whole thing will end up costing 15-30 billion and I think it is more likely than not that...

Still trading BP and still long I made some good gains today even if the end results that are closed out do not show it. I also tried to make some moves when it appeared that it was going to trend but was shut down each time. In the end I had a good day and I had some covered calls that were...

Started early today but didn’t trade After closing out my large long with BP yesterday and rolling it into options I was quick to get up early today to check and see how the trading was going. About 5am I woke up and half asleep went to my computer. I was so tired that when I looked at the...

bottom fish yes but you make it appear as if I held since 50. The truth is I have been both long and short BP since above 50 and before yesterday have done well. after today I doubt that I will end up a net gain with BP but it is not out of the question either. BTW, are you short and or...

I agree I am focused on the stopping of the leak. I believe that news will pop the stock up higher and in a hurry. I do not agree that it could easily cost 100s of billions despite what some may say in the media. Oil prices are holding up and BP is not just one company. It is multiple...

I guess I did neither today with the stock. I will see shortly how my options that I wrote turns out. Best Robert

It would appear that I was early on this trade and maybe I will be wrong as well. Time will tell Best to you Robert

I am both but I mixed up the two with this one. I allowed an investment (should have stayed very small like I normally do) turn into to much of a trade. That has mostly been solved and I will be unwinding down the rest of my BP longs and shorts via options in the near future I would guess. Of...

Tough day as I really believed BP would kick out some good news today but I guess I was the only one who thought so There is not a lot to say about my trading today other than I am not real happy. I would have been wise to get out of the stock when I had a chance to get out with a medium loss...

If BP America ends tomorrow the total BP as best I can come up with would drop in value about half. They could let BP america fail and still come close to keeping the dividend or for sake of arguement cut it in half and be the same as they are now. With that being said if you cut the company...

no where near my worst day and maybe not even the worst day of the year but man it was painful. I bailed on BP stock at what at first appeared to be the LOD only to see it fall another dollar plus. I did move to options so I could still be in for some major pain but I am still at a loss for...

They might file BK but it wont matter as I will not be around long enough to find out. As soon as the leak stops the stock will pop up into the mid 40s and I will be gone. It also doesn't have to be like texaco it could be more like Exxon. doesnt matter though, its all about the news

Maybe it was IB reporting wrongly but it appeared to be right based on price of BP compared to the options but looking at the OTM front and one month back I was seeing mid 60s to 70s and I dont recall seeing any 84% or I would have been a writer. I didn't look all day today but I was looking a...

I don't doubt some loss but I would equally not doubt that the news either picks numbers or picks people that will say numbers to make a headline..... I also don't doubt that many of the operators are secretly thanking their personal gods for this mess so that they can claim loss of business...

Hey NoDoji, You also have stocks like GE that traded around $6 about a year ago and LVS that went from over $100 to under $7 and the CEO had to inject a huge amount (I am thinking north of$200M) but the sun is shining on those two as well right now. This oil leak more than likely IMHO will...

Actually the IV collapsed yesterday and so I covered most of the puts. I currently have calls and puts written (calls are way way OTM) There is IMHO a lot of potential here but I think the management is trying as hard as they can to prove you right or maybe your right about the management...

Interesting reply and I think there is some truth to what your saying. I am not actually so mad about the trade or even the loss. It is the lack of leadership on the BP team. Even on days that I am flat I shake my head and wonder when they are going to pull their head out. Its as if the...

FU FU FU FU FU FU FU FU FU FU FU FU FU FU FU Ok feeling a little better but damn it who the hell is at the helm?? It would appear no one. I read today that they have reached capacity on the ship receiving the oil so now they are waiting for another ship to come and that will allow for...

I was kicked around today by BP I carried over some BP that was in the green by a small amount and woke up today to see the stock had fallen around 90 cents which seemed out of place. I bought some more and as BP moved higher I was in the green again but with larger size and I only covered a...

China leadership is largely from the Shanghai area and while I agree time will take the problem away those in power currently either remember it first hand or have relatives that experienced it. What does this really mean? There will be no love lost when China becomes the dominant regional...