BP is gone. Under 5 in 12 months

the stock price action was not my point at all, when I said shareholders suffered. What is my point is that 20billion are stolen from shareholders, dividends are cut, oil fields need to be sold just because of outrageous claims that have not in the slightest been substantiated. Plus BP is still run by a completely idiotic management, seriously, do you know of a company who handled PR and decision making in a worse way than BP did? I think its apparently clear I dont defend BP, but I can't help myself but chuckle at all those idiots out there in the American public who all suddenly seem to be in the know and seem to be in need for BP's money. But maybe I should not be surprised, shit always attracted a bunch of flies.

Quote from tradestrong:

Again...there was plenty of opportunity to get out of this stock with a mild loss such as I did. You've validated my point. When it became obvious how deficiently run this company was, proven by their inability to even come close to accurately measuring the flow when observers at universities were much closer just by watching a video, that was your clue that this company was either clueless, or run by a bunch of crooks. Either way, any investor that takes risk suffered the fate at their own hands. BP alone has brought themselves done. As an owner, eat your own cake.
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Quote from asiaprop:

you are a clown, you are the one who throws around with statements like this. You are the one saying BP pursued horrible safety standards also in the past. If anyone then it should be you to show this is the case. I simply asked a rhetorical question. I do not believe ANY oil company implements stricter standards than BP did, at least not overall.
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You are truly dumber than dirt.

http://www.telegraph.co.uk/finance/...87m-for-life-threatening-safety-failings.html

Note the date.
 
Quote from asiaprop:

the stock price action was not my point at all, when I said shareholders suffered. What is my point is that 20billion are stolen from shareholders, dividends are cut, oil fields need to be sold just because of outrageous claims that have not in the slightest been substantiated. Plus BP is still run by a completely idiotic management, seriously, do you know of a company who handled PR and decision making in a worse way than BP did? I think its apparently clear I dont defend BP, but I can't help myself but chuckle at all those idiots out there in the American public who all suddenly seem to be in the know and seem to be in need for BP's money. But maybe I should not be surprised, shit always attracted a bunch of flies.
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Do you have any understanding of what owning a stock is? It means you are an owner in the company. If your company fucks up by destroying the environment, than those costs are coming out of your pocket. You buy stocks at your own god damn risk. You analyze not only the company, but the people running that company too. I have no pity for those that constantly feel like they're "scammed" when owning deficient companies. It's not that hard to determine that a company is run by a bunch of hacks.

Secondly, what is it with you and every other sentence being about Americans this, Americans that. Ditch the inferiority complex. It's getting real old.
 
lol, you gotta be kidding me. Thats what you use to support your claim? Every investment bank under this sun has been sued and fined before. So, it means all of them are grossly negligent and nobody should do business with them right? Exxon has never been sued. Nor have any of the other big oil names...

Can we get back to the point?

The issue is that BP needs to first contain the spill, then clean up. Everything else is man-made by greedy lawyers and politically charged by the administration. That BP acted like a total puppet makes things more intriguing, more entertaining but unfortunately a lot more damaging to its shareholders.

I dont think one can logically reason with emotionally charged people. You believe BP needs to be slaughtered for what they have done, and you can say whatever you want. I dont believe this should be the case, I am a believer in logic and clear measures that establish cause and effect, nothing more nothing less.

With this I bow out of this discussion.

Quote from trefoil:

You are truly dumber than dirt.

http://www.telegraph.co.uk/finance/...87m-for-life-threatening-safety-failings.html

Note the date.
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If your trading with 10,000,000 @ 30% return = $3,000,000.

Nice.

Quote from asiaprop:

i dont day trade, you are right ;-)

But because you already showed curiosity, I am currently sitting 70% in cash, about 20% in longs, the rest in VXX as hedge. Not very exciting but then I am completely clueless about the next moves. I sometimes put money into select names on the back of front page stories, BP on the short side being on of them but I got out way too early because it has become a political coin toss, if some can still extract money out of this name then good, its not where my edge lies.

What excites me so much about BP is how emotions can drive one of the largest cap firm almost into bankruptcy. Yes, you heard it correctly, its not the spill that endangers BP its the mob on the street and white house that seems to know no limits.
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BP is gone under 5 in 12 months ? When I read suggestions like these :

strong buy regardless of the mistakes that BP made.

Some of you should know that more than 10 % of US pension monies are invested in BP stocks ( before the spill ) and how many US jobs are depending on BP as a employer ?:cool:
 
Arguably gold's recent strength has been supported by the collapse in BP's stock.

If a giant as BP proves to be as vulnerable as is seems what save havens are there really left?

Not many.

:)
 
Quote from ASusilovic:

BP is gone under 5 in 12 months ? When I read suggestions like these :

strong buy regardless of the mistakes that BP made.

Some of you should know that more than 10 % of US pension monies are invested in BP stocks ( before the spill ) and how many US jobs are depending on BP as a employer ?:cool:
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That is not Fact- 10% of U.S. pension monies are not invested in BP stocks. where did you get those figures. Also if that was the case the volume from 50 days ago would have made them liquid by now. BP will dissipate just like the oil it is spewing.

BP is like the Bear Stearns and lehman brothers of the oil market. 200bln is gone. Its holders are short against the box and that's the end of the story. Its time for the traders to trade it like should be traded and for the little men with no balls to step aside. If you don't think the shorts are coming back into this stock heavy get a Bloomberg terminal in your office and use function SI and track the numbers. THE shorts are never wrong. Once the cash reserves are gone and the suppliers are not getting paid then what happens? vectorvest has the value at 60.00 but they don't factor in Law suits. When that value recalculates then we will see what happens. they will be bought out for their assets. The company that purchases their assets will be the leader.
 
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