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BrentWil (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:04 PM Original message |
ONLY Thinking About Making Money: Would Buying BP Stock be Smart Today? |
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Stuart G (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:06 PM Response to Original message |
1. Was buying GM Stock 4 years ago worth it? |
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BrentWil (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:08 PM Response to Reply #1 |
5. GM had business problems. BP does not. It is a money making machine. NT |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:15 PM Response to Reply #5 |
12. GM is shopping underwriters for their IPO |
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yodoobo (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:23 PM Response to Reply #12 |
18. courtesy of the US taxpayer |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:57 PM Response to Reply #18 |
32. No doubt. However (not withstanding their escalation of Mexican plant escalation), |
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BrentWil (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:26 PM Response to Reply #12 |
24. They do, but I won't be buying... has the business model changed or is there any long term hope? |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:58 PM Response to Reply #24 |
33. Has BPs business model changed, or are you simply looking to pick the bones |
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rurallib (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:18 PM Response to Reply #5 |
14. Plus BP has all sorts of leases etc. Oil is not going away soon. |
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LeftyFingerPop (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:20 PM Response to Reply #5 |
15. I'd say that BP has a teensie business problem right now. |
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BrentWil (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:22 PM Response to Reply #15 |
17. Not really. It has a cost. The money will still be rolling in. NT |
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LeftyFingerPop (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:24 PM Response to Reply #17 |
21. It will be rolling out, too. |
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BrentWil (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:27 PM Response to Reply #21 |
25. Some, but not the amount people think NT |
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LeftyFingerPop (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:31 PM Response to Reply #25 |
28. Have you ever owned a stock that dropped 90%... |
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ShadowLiberal (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:30 PM Response to Reply #5 |
27. BP has safety problems which turn into business problems |
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yodoobo (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:10 PM Response to Reply #1 |
7. well GM was basically insolvent well over 4 years ago |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:39 PM Response to Reply #1 |
29. In November, 2008 |
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Duer 157099 (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:07 PM Response to Original message |
2. There was a similar post by someone a couple weeks after the spill |
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BrentWil (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:10 PM Response to Reply #2 |
8. Media coverage is different now... the market has reacted for a long time to this ... |
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RB TexLa (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 10:32 PM Response to Reply #2 |
44. He's only lost a ton if he's sold at the lower price. Perhaps he like I am holding it a bit longer |
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sendero (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:08 PM Response to Original message |
3. I don't know.. |
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yodoobo (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:21 PM Response to Reply #3 |
16. criminal liability is a very good possibility |
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BrentWil (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:24 PM Response to Reply #16 |
19. People can go to jail and the company can pay punitive damages... but that is the worse that will |
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Duer 157099 (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:08 PM Response to Original message |
4. ... not to mention that "ONLY thinking about money" is what got us into this situation |
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janx (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:15 PM Response to Reply #4 |
13. Thank you! |
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caledesi (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 10:17 PM Response to Reply #4 |
39. Well said DUer! NT |
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LeftyFingerPop (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:09 PM Response to Original message |
6. Don't buy it, sell it short, and ride it all the way to zero... |
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yodoobo (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:26 PM Response to Reply #6 |
23. Its future is uncertain, but selling it short |
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Skink (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:11 PM Response to Original message |
9. I'd wait until it gets to junk status. |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:12 PM Response to Reply #9 |
11. Bonds hit junk pricing last night. |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:11 PM Response to Original message |
10. Not at all. The market does not like uncertainty. |
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Duer 157099 (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:24 PM Response to Original message |
20. You may just as well ask me: "Would you marry Limbaugh for his money" |
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caledesi (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 10:19 PM Response to Reply #20 |
41. Amen DUer! nt |
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TheFarseer (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:25 PM Response to Original message |
22. I debate that myself |
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janx (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 10:04 PM Response to Reply #22 |
35. Are you kidding me?! |
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Tutankhamun (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:29 PM Response to Original message |
26. Stocks fall because of fear and rise on greed. |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 10:01 PM Response to Reply #26 |
34. Fundamentals don't address technicals (price/volume/confidence) |
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Tutankhamun (1000+ posts) Send PM | Profile | Ignore | Fri Jun-11-10 07:17 PM Response to Reply #34 |
52. Yes, I find fundamental analysis useless. Technical is far more important for swing or day trading. |
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Uben (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:43 PM Response to Original message |
30. Unfortunately I can answer that |
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theoldman (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 09:53 PM Response to Reply #30 |
31. Did you not have a sell stop on your shares? |
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Name removed (0 posts) Send PM | Profile | Ignore | Thu Jun-10-10 10:07 PM Response to Original message |
36. Deleted message |
janx (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 10:13 PM Response to Original message |
37. So it really is a casino now. |
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BrentWil (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 10:27 PM Response to Reply #37 |
43. It would be long term. NT |
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Canuckistanian (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 10:14 PM Response to Original message |
38. I heard that BP's current and anticipated share losses make it a target of a takeover |
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Art_from_Ark (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 10:59 PM Response to Reply #38 |
47. I'll agree, it's MORE likely that you'll take a bath |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jun-11-10 07:28 AM Response to Reply #38 |
50. You are aware that shareholders have to approve a takeover right? |
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safeinOhio (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 10:18 PM Response to Original message |
40. I would not borrow $ or |
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BrentWil (1000+ posts) Send PM | Profile | Ignore | Fri Jun-11-10 12:19 AM Response to Reply #40 |
48. I wouldn't bet the farm either |
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Duer 157099 (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 10:25 PM Response to Original message |
42. I hear that the meth market is going up too. Should I invest in that? |
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janx (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 10:46 PM Response to Reply #42 |
46. Smooch...to you! |
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cbdo2007 (1000+ posts) Send PM | Profile | Ignore | Thu Jun-10-10 10:45 PM Response to Original message |
45. It is true that it will probably go back up and gain 50% or so after |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jun-11-10 07:13 AM Response to Original message |
49. I got burned by BP before (luckily had tight stop) but I got back in on Wed/Thurs. |
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blindpig (1000+ posts) Send PM | Profile | Ignore | Fri Jun-11-10 08:00 AM Response to Original message |
51. Fuck Capitalism |
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