Thread: Buy as much BP stock as you can afford.
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Old 06-10-2010, 10:20 AM  
Slappin Fish
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Quote:
Originally Posted by JP-pornshooter View Post
sounds like a very risky deal, the CDS on BP is up 12 times the level before the spill.
CDS = credit default swap (basically the cost of insuring your investment against bankruptcy)

BP stock went down 16% yesterday and another 6% drop this morning...

Now investors of BP are suing, claiming they were misinformed...
sounds like it could go really bad.
CNBC is reporting that according to BP insiders chance of bankruptcy is at least 40%.

Of course it could be just spin or cnbc talking out of its ass.
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