Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: not_prudent who wrote (134881)	6/14/2010 12:20:23 PM
From: Salt'n'Peppa	2 Recommendations Read Replies (1) of 206182

I do not want to own BP so badly. I simply see a stock with absolute liquidity (good for daytrading), moving in insanely large dollar amounts, on totally irrational news pieces that have very little to do with the actual company. The BP decline to ~$30 is over for the most part. It is now range-bound. I will not short BP in the low $30's because I do not believe that is prudent. I will be buying on large down days though. Once the Macondo mess abates and the CNN, Fox and ABC cameras focus on the next story, the public will quickly forget BP and then the BP stock price will slowly climb back to "true value" which is probably double where it is today. "Until then why risk good money chasing something that is presently the leper of the industry?" That is exactly why I am chasing it. It won't be a leper for long. I am at a loss to understand why you don't see the opportunity there. In the meantime, there's money to be made in that hourly/daily/weekly chart. Your comments are most welcome. I never take it as "telling me what to do with my money". S&P

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next