At what price BP?

Quote from atticus:

IB will guarantee marketable LMT orders.
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i think the problem is that when you put in a LMT order to buy say 1000 shares at 80.00 and offer is 500@79.99 and then 300@80.00 and then 500@80.01 you do not get a 100% fill (only 800) while the second leg may fill 100%; so you unintentionally run overall delta risk.

Or is there a way to avoid this?
 
Quote from kinggyppo:

congress trying to tell BP to cut its dividend, hysterical. This stock is scary!
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http://finance.yahoo.com/news/Dividend-worries-weigh-on-BP-apf-2812794897.html?x=0&.v=3

"Dividend worries weigh on BP. "

"A group of about 30 U.S. lawmakers have joined the fray, sending an open letter to Hayward asking him to suspend dividend payments and advertising campaigns until the well is capped and the spill has been cleaned up."

"Analysts had believed that BP would retain the payment, but many now caution that political pressure may be too much for the company"

"Present and future dividends look secure even if political pressure could force a short term suspension of payments," they said. "Ironically, this punishes shareholders, some of whom are U.S. based, and not the management of BP, where most of the political anger is directed."




Interesting stuff...unless you are retired and rely on dividends.
 
Quote from dhpar:

i think the problem is that when you put in a LMT order to buy say 1000 shares at 80.00 and offer is 500@79.99 and then 300@80.00 and then 500@80.01 you do not get a 100% fill (only 800) while the second leg may fill 100%; so you unintentionally run overall delta risk.

Or is there a way to avoid this?
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They won't guarantee AON on an intermkt spread, so yeah you could and will likely see partials. Yeah, trading involves risk. I worked it not-held with a phone broker/prime with a $0.30 var in this case.
 
wow - impressive sell-off in BP.

when i mentioned in the morning that we might see mid 20s i did not expected to see it by the afternoon....

what is really interesting today is that bonds started to move as well - they now yield close to what CIT Group does (recently reorganized under chapter 11 and still easily sub IG) - around 7-8%. that's crazy.
 
Quote from dhpar:

what really is scary is what happened in the past few years to government involvement in business and privacy. they will soon tell us when we should eat, wash, make love etc. Orwell would be proud...

wtf government tells BP what to do with its own money? afaik there was no judgment yet and they were not sentenced to pay anything....
fucking communists.
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Exactly. Congress or the court can tell BP to set aside funds in escrow to pay damages. It has no business interfering with BP paying dividend.
 
Quote from Ghost of Cutten:

Regarding notions of BP going bankrupt - it is a UK-based multinational with ring-fenced US operations.
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I don't think that stops people from filing lawsuits against BP in the UK. With Bhopal (union Carbide, I think), people from India were filing suits in the USA, as I remember.
 
Quote from Swan Noir:

Is there a price that would compel you to pull the trigger and buy the stock?
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Yes, in the classic line from the movie "Robocop"...

"I'll buy THAT for a dollar!"

:D
 
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