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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (37679)4/30/2010 12:28:51 AM
From: E_K_S  Read Replies (1) of 78470
 
Hi Spekulatius -

RE BP - This could become a Halliburton event similar to their asbestos litigation. I am looking for a lower low in the $35 - $37 area on heavy selling volume. In 2000 I picked up Halliburton for $7.00/share (pre split) in panic selling. 10 years latter it is more than a 10 bagger but took several years and lots of litigation to recover.

Get your "value" trigger ready for BP but let it fall another 20%-30%. Once all of the heavy selling is over, you want to start to nibble at a lower low on lower volume. This will be a once in a life time buying opportunity if they can survive.

EKS
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