At what price BP?

[Pekelo]

Quote from DannoXYZ:

yeah, the stock's at 26.85 right now. If you short it, you'd make around a 600% return by the time it drops to 5.

I thought you can only make 100% by shorting a stock, but you seem to be an expert,so....

By the way, if a stock goes to zero, it doesn't matter you shorted it at 100 or 10, you make the same %-wise....

 

[atticus]

Quote from DannoXYZ:

yeah, the stock's at 26.85 right now. If you short it, you'd make around a 600% return by the time it drops to 5.

 

[dhpar]

Quote from atticus:

dhpar, aaa, and cutten seem to have some motivation to save me from myself. You can all eat a dick-steak sandwich in 60 days, or I may have to eat my words (and the sandwich). Either way, 60-days and counting. I am done arguing with the remedials. There is nothing to say where the switches are concerned until 60-days has elapsed.

From 6/4/10 close

DO outperforms BP
DO outperforms SLB

so for the record...

DO: up 7.1%
BP: up 7.3%
SLB: up 11.3%

SLB was an original suggested candidate for pair with BP if one had to do something as stupid as a pair here.

volatility during those 60 days: "infinite" (i.e. Sharpe ratio ZERO)

bon appetit.

 

[futuretrading]

Quote from joe4422:

After a 15% drop yesterday.

but how about the time frame?

 

[xtraderbrokers]

Quote from DannoXYZ:

yeah, the stock's at 26.85 right now. If you short it, you'd make around a 600% return by the time it drops to 5. Much, much more profitable than sitting on cash waiting to buy in... and maybe losing it all as BP goes bankrupt.

BTW - how did you arrive at your target of 5? And what other indicators do you want pointing towards a long position rather than shorting more at 5?

there's no need to have a quick trade, just wait and see how the stock increase or decrease and then I make a decision

 

[coolweb]

Quote from DannoXYZ:

yeah, the stock's at 26.85 right now. If you short it, you'd make around a 600% return by the time it drops to 5. Much, much more profitable than sitting on cash waiting to buy in... and maybe losing it all as BP goes bankrupt.

Great math man, good trading with u guys

 

[aztek]

Price will go up if and when they announce the permanent plug of the well.

 

[atticus]

Quote from dhpar:

so for the record...

DO: up 7.1%
BP: up 7.3%
SLB: up 11.3%

SLB was an original suggested candidate for pair with BP if one had to do something as stupid as a pair here.

volatility during those 60 days: "infinite" (i.e. Sharpe ratio ZERO)

bon appetit.

DO up 6% today, SLB lower... on day 61.

 

[dhpar]

Quote from atticus:

DO up 6% today, SLB lower... on day 61.

you truly are a loser... what a comment after a lost bet. out.

 

[atticus]

Quote from dhpar:

you truly are a loser... what a comment after a lost bet. out.

I'm the one who booked >$6 in the first week while SLB dropped. You never actually took the bet, if you recall your BS response that you're "not recommending a trade" and both pairs are a "poor value proposition". All you can do is run your mouth w/o any skin in the game.

Yeah, I lost a bet that nobody actually took... and on day 61 DO beat.

You're out? I'll take action on how long it takes you to respond.