To: Red in Blue PA
What's the old Warren Buffett saying?
Be fearful when others are greedy, be greedy when others are fearful.
I'm thinking it's a good time to buy some BP.
18 posted on
06/07/2010 1:48:42 PM PDT by
Huck
(Q: How can you tell a party is in the majority? A: They're complaining about the fillibuster.)
To: Huck
I'm thinking it's a good time to buy some BP.
There's a lot of institutional selling of these energy stocks going on right now. I would wait awhile if I were you. But I'm no expert!
20 posted on
06/07/2010 1:53:42 PM PDT by
Deo volente
(God willing, America will survive this Obamination.)
To: Huck
“I’m thinking it’s a good time to buy some BP.”
Depends on how much money BHO gets from BP. I can see BHO trying to break BP in order to send a chill into the energy industry and create some new dependents, (laid off BP workers), for the government.
21 posted on
06/07/2010 1:55:03 PM PDT by
brownsfan
(The average American: Uninformed, and unconcerned.)
To: Huck
Amen. Looks like many buying opportunities to me.
22 posted on
06/07/2010 1:55:27 PM PDT by
PjhCPA
(Vote for the most electible, conservative........all else leads to more Pelosi, Reed, and Obama)
To: Huck
Be careful there, Huck, m'FRiend. There are AT LEAST 2 other shoes to drop in the BP affair. Good instincts on your part, but, candidly, if you get long right now (or in the near future), you're simply too early.
Full disclosure: SAJ holds bracketed calendar spreads, long Jul/short Jun, and long Aug/short Jun. This style of trade should profit from the IV differentials in the June vs further-out options. SAJ intends to repo some short puts tomorrow on any move lower by BP.
34 posted on
06/07/2010 2:32:55 PM PDT by
SAJ
(Zerobama? A phony and a prick, ergo a dildo.)
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