BP will hit $40 this week ending July 17
- Thread starter hajimow
- Start date
now the question is can it hold 40. After the initial cheers from stopping the leak goes away, and the waves of lawsuit/cleanup cost start to sink in again, think the stock will drop back to 30.
Was going to buy some leap puts but they have this deal in the works that will give bp billions cash for selling some of its assets, will likely be announced next week which can cause another pop. So waiting for that to happen first.
Was going to buy some leap puts but they have this deal in the works that will give bp billions cash for selling some of its assets, will likely be announced next week which can cause another pop. So waiting for that to happen first.
Quote from hajimow:
It seems that this will be another golden advice by me. Look when I predicted that. I feel that I deserve the Golden Prediction award.
you speak too early. It'll take a really good rally tomorrow to hit $40. I've been living off of BP lately, and as long as it gives me volatility, i'll enjoy another day of fun. Yes, you get an award if it hits $40 -)