Buy as much BP stock as you can afford. - Page 2 - GoFuckYourself.com

Houdini · 06-10-2010, 02:06 PM

Quote:

Originally Posted by RummyBoy

Dont forget one risk factors.... no-one knows the actual cost. Also, if the global economy double dibs, oil prices can fall, although we are at a low point and demand should outstrip supply on these obama restrictions.

On the other hand, if you buy sub-$30/share and the dividend returns to where it was before, youll be earning over 10% gross yield per annum (ie > 10% of your investment every year). You'll be paid to wait for it to recover.

Right now, there's a law that caps oil companies liability at $75 million. Peanuts for BP. Although, they have stated they will pay their portion and no doubt the government will sue them for billions. BP has $20 billion in cash, a huge credit line with next to nothing in interest, and they make about $4 billion net a quarter.

An interesting comparison for these companies who had disasters.

Massey Energy - 300 million gallons of sludge spill in 2002. Stock is up 313% versus a 23% loss for the S&P.

Exxon Valdez spill - Exxon up 930% versus the S&P's 271% gain.

All signs point that this is a buying opportunity.

cykoe6 · 06-10-2010, 02:22 PM

BP is a very risky play. Matt Simmons is very smart. If he says BP will declare Chapter 11 then I would short BP.

Titan · 06-10-2010, 03:17 PM

Why would they declare chapter 11 if they make 16 billion a year?

marketsmart · 06-10-2010, 03:22 PM

Quote:

Originally Posted by cykoe6

BP is a very risky play. Matt Simmons is very smart. If he says BP will declare Chapter 11 then I would short BP.

yes, this is what i believe will happen if the lawsuits and cleanup get too costly...

chap 11 re org would be perfect way for bp to get out of this...

.

GayIPornSteve · 06-10-2010, 03:27 PM

Quote:

Originally Posted by cykoe6

BP is a very risky play. Matt Simmons is very smart. If he says BP will declare Chapter 11 then I would short BP.

Matt Simmons is usually dead on, but he's seems to have gone off the deep end a bit with this one.

In more light-hearted news:

woj · 06-10-2010, 03:29 PM

They will recover from it eventually, all while earning 10%+/year from dividends... risk is substantial, but around 30/share it's a great buy, one of the best money making opportunities I've seen in a while...

woj · 06-10-2010, 03:36 PM

Quote:

Originally Posted by marketsmart

yes, this is what i believe will happen if the lawsuits and cleanup get too costly...

chap 11 re org would be perfect way for bp to get out of this...

.

Bankruptcy isn't happening... it's obviously in no one's best interest to force them into bankruptcy... even if the costs add up to gazillions of dollars, it will get spread out over next 100 years...

roly · 06-10-2010, 03:36 PM

Quote:

Originally Posted by woj

They will recover from it eventually, all while earning 10%+/year from dividends... risk is substantial, but around 30/share it's a great buy, one of the best money making opportunities I've seen in a while...

the big falls yesterday/today have come about becuase there's doubt bp will pay its dividends this quarter, not because it can't afford to, but because bp feels it will create too much anger if it does. i agree its a great buy long term.

GatorB · 06-10-2010, 03:47 PM

Quote:

Originally Posted by crazytrini85

I just searched your name and saw some of the things you said a year or more ago:

Yup.

Not quite, but close enough.

Regarding AIG stock at $1:

Good call.

You have a crystal ball or something?

Close enough? Excuse me but $1200 is like 20% off of $1500. Not exactly "close"

JP-pornshooter · 06-10-2010, 04:30 PM

words are cheap..
those who have had the balls to follow this advise should show us your trade confirmation(s)

tiger · 06-10-2010, 05:34 PM

Catch the falling knife!

EliteWebmaster · 06-10-2010, 06:41 PM

You are right, but I am waiting for them to bottom up a little more, the stock will dip further and I'm going to wait for the perfect time before investing in their stocks. Rest assured, when it rises, we will make a killing.

dbsscm · 06-10-2010, 06:49 PM

Thanks for the tip. I'll go buy some.

$5 submissions · 06-10-2010, 06:53 PM

BP shares (which pay a fat dividend) are a STEAL at these prices. Go buy it, guys. Sure, there's a risk of bankruptcy, that's why the price is so low.

neonlights · 06-10-2010, 07:01 PM

Quote:

Originally Posted by Titan

The best time to buy stock is when EVERYONE is telling you not to. If randoms start telling you to short stock you should buy buy buy. Stock prices are always based on the future. BP's future losses are already built into today's stock price. If you think BP will lose less than 80 Billion dollars on this spill you should buy. Now China and a bunch of other people are saying to buy which means it already may be too late. I just checked the stock price and its up 11% today. Should have bought yesterday like I did.

Consider after seeing stock tips on an adult webmaster forum, to short or dump all positions on this ticker. Contrarian investing. People move in herds. Herds have known to fail big time in financial markets. Crowd behaves much differently than an individual who might be rational thinker. Stock prices move because of what the majority of people think. If people think BP's future losses are already built into the price, then the prices will reflect this sentiment, not the company's true value or risks.

Don't forget this stock has split 4 fucking times already....you can't just look at the graph and say it's dipping...you have to remember the share you buy today is still lot expensive than 10 years ago.

As for risk....just fuck it, if they really were in trouble, you wouldn't know or have any contacts to get the insider information....so it's a gamble.

Who's getting ready to load up on Euros ?

Houdini · 06-10-2010, 07:14 PM

Quote:

Originally Posted by neonlights

Don't forget this stock has split 4 fucking times already....you can't just look at the graph and say it's dipping...you have to remember the share you buy today is still lot expensive than 10 years ago.

No it's not lol It's at a 14 year low! Do you realize that they adjust the charts when it splits?Without the splits, it would be $120.

mynameisjim · 06-10-2010, 08:17 PM

Don't forget, BP is liable for a fine of $4300 per barrel released into the ocean. Today it was just admitted that the leak is closer to 40K barrels a day and eventually the true number of 100K barrels a day will be confirmed. At $4300 a barrel, that ads up really quick especially if the leak goes for several more months. I think the impact of these fines is what will push BP over the edge. It could be close to 50 billion in fines alone.

BTW, this is why BP has continuously said there is no way to measure the flow and they have no interest in doing so.

It's a risky play that could pay off big, the odds are against you on this one I think. But that's how the game works

woj · 06-10-2010, 08:39 PM

Quote:

Originally Posted by Houdini

No it's not lol It's at a 14 year low! Do you realize that they adjust the charts when it splits?Without the splits, it would be $120.

exactly, post split price is more like $7.5, in pre-split terms

Houdini · 06-10-2010, 08:54 PM

Quote:

Originally Posted by mynameisjim

Don't forget, BP is liable for a fine of $4300 per barrel released into the ocean. Today it was just admitted that the leak is closer to 40K barrels a day and eventually the true number of 100K barrels a day will be confirmed. At $4300 a barrel, that ads up really quick especially if the leak goes for several more months. I think the impact of these fines is what will push BP over the edge. It could be close to 50 billion in fines alone.

BTW, this is why BP has continuously said there is no way to measure the flow and they have no interest in doing so.

It's a risky play that could pay off big, the odds are against you on this one I think. But that's how the game works

Oil Pollution Act:

"§1004 The liability for tank vessels larger than 3,000 gross tons is increased to $1,200 per gross ton or $10 million, whichever is greater. Responsible parties at onshore facilities and deepwater ports are liable for up to $350 millon per spill; holders of leases or permits for offshore facilities, except deepwater ports, are liable for up to $75 million per spill, plus removal costs. The Federal government has the authority to adjust, by regulation, the $350 million liability limit established for onshore facilities."

http://www.epa.gov/oem/content/lawsregs/opaover.htm

The government is certainly going to fight for more but current liability is $75 million.

mynameisjim · 06-11-2010, 02:40 AM

Quote:

Originally Posted by Houdini

Oil Pollution Act:

"§1004 The liability for tank vessels larger than 3,000 gross tons is increased to $1,200 per gross ton or $10 million, whichever is greater. Responsible parties at onshore facilities and deepwater ports are liable for up to $350 millon per spill; holders of leases or permits for offshore facilities, except deepwater ports, are liable for up to $75 million per spill, plus removal costs. The Federal government has the authority to adjust, by regulation, the $350 million liability limit established for onshore facilities."

http://www.epa.gov/oem/content/lawsregs/opaover.htm

The government is certainly going to fight for more but current liability is $75 million.

I'm sure this will be argued by both sides, but according to Reuters, there is no limit on this specific type of penalty. It states the clause is located "deep" within the text so it may not be shown in overviews.

http://www.reuters.com/article/idUSTRE64O75Q20100526

onwebcam · 06-11-2010, 02:42 AM

Man, ya'll gonna get cleaned.. Place your bets..

RadicalSights · 06-11-2010, 02:56 AM

Quote:

Originally Posted by mattz

I just dropped 5 k

out the window

MrDeiz · 06-11-2010, 02:59 AM

OP, do you keep all that gold or just got some papers that you own it?

Verbal · 06-11-2010, 04:00 AM

When there's blood in the streets ... BUY!

Manowar · 06-11-2010, 06:14 AM

Anyone reckon it will dip after the weekend?

marketsmart · 06-11-2010, 06:30 AM

Quote:

Originally Posted by woj

Bankruptcy isn't happening... it's obviously in no one's best interest to force them into bankruptcy... even if the costs add up to gazillions of dollars, it will get spread out over next 100 years...

and GM's bankruptcy was in who's best interest?

GM wiped out a lot of debt and their common shareholders and came out of bankruptcy with a 1st quarter 3 billion dollar profit...

it sounds like you based your comment without really understanding what chapter 11 re org is....

.

onwebcam · 06-16-2010, 04:47 PM

BP Cancels Dividend Payments, Plans to Sell Assets

http://www.businessweek.com/news/201...-update1-.html

Black Ops · 06-16-2010, 04:53 PM

Quote:

Originally Posted by GatorB

Close enough? Excuse me but $1200 is like 20% off of $1500. Not exactly "close"

That's close enough for a prediction considering it was around $600 when he made it.

Quote:

Originally Posted by onwebcam

BP Cancels Dividend Payments, Plans to Sell Assets

http://www.businessweek.com/news/201...-update1-.html

That doesn't mean much. They make billions of dollars every quarter. They will be back on their feet as if nothing happened within 2 years.

Fbomb - BANNED FOR LIFE · 06-16-2010, 05:08 PM

Anyone who thinks BP is going under is an idiot.
Theay are "Too big to Fail".

Coup · 06-16-2010, 06:01 PM

Im buying

Mr. Cool Ice · 06-16-2010, 06:06 PM

Quote:

Originally Posted by daizzzy

OP, do you keep all that gold or just got some papers that you own it?

I keep an 80/20 rule with any precious metals. 80% I physically have, 20% paper. That 20% allows me quick trades. This method may not work for everyone but it works great for me.

It's not just gold, I also have an enormous stockpile of seeds, wheat, whole grains and some other bulk foods. I should take a photo and show you, you would fall over laughing. Imagine a rooms the size of a 2 car garage almost totally filled with 6-gallon storage buckets full of this. Maybe a bit obsessive but I believe in the event of a true global or even domestic collapse, my food supply and seeds are going to be worth more than any amount of metal I may have. I also have a well with a hand pump and a good water filter. I consider myself a survivalist and enjoy the aspect of preparation and educating others on it.

If you are limited in space or live in an urban environment, Google "Depression Garden" and see what you can grow in a small area. You'd be surprised.

I can even teach you how to fortify your home, how to do little things to make it more secure to stop those who want what you have. How to defend your home and protect you family. Lots of things you can do. Been thinking of writing a survival ebook but I don't think there is enough interest in the subject just yet.

Mr. Cool Ice · 06-16-2010, 06:08 PM

Quote:

Originally Posted by Fbomb

Anyone who thinks BP is going under is an idiot.
Theay are "Too big to Fail".

BP will not go under. Whatever amount they are forced to pay is peanuts to what they earn in a year.

datatank · 06-16-2010, 06:24 PM

Quote:

Originally Posted by CyberAge-Dave

Are you a rapper or something.

OK this was funny. I give you credit

faxxaff · 06-16-2010, 07:15 PM

The downside potential is far bigger than the upside. No way BP is going to snap back any time soon. On the upside you would be limited to 20 or 30% as I see it. Puts to the downside of 10$ or so can make you a fortune when the company files for bankruptcy on the other hand.

SomeCreep · 06-16-2010, 07:17 PM

No thanks. People think this is just another Exxon. Wrong!

scubadiver626 · 06-16-2010, 07:26 PM

The book value is $30+ for christ sake, it aint going BKrupt.

When fear is at its peak, that's the time to buy. This company is solid, look beyond this one event.

I remember seeing 2010 earnings estimates around 20-30 bil., and this escrow will be paid into slowly. Plus they don't plan on paying dividends until 2011.
It's trading at a 4 PE atm!

It is a falling knife, but daily and hourly technicals have turned. Looking for a big enough bounce to turn the weekly and monthly charts!

disclaimer: Bought 1,000 shares at $30.50 last night, stop set at $30.63. At this point, can't lose 8^)

Good luck to everyone whos holding long, and I hope everyone who's effected by this gets a fat chunk of that 20 bil.

Mr. Cool Ice · 06-17-2010, 06:08 AM

You guys need to stop watching the media on this. They are not going under. Not gonna happen. Turn off the TV and do your own research on the company and how much money they have and earn every quarter. They print money.

If you are only relying on the media for your info, you are only getting a very small percent of what is going on.

Mr. Cool Ice · 06-17-2010, 06:12 AM

I bought 10,000 shares at $29.00. Right now it's $32 and raising. It will probably drop a few more times but then its going up up up up away.

You guys are missing the boat.

Marcus Aurelius · 06-17-2010, 06:23 AM

LOL

you are going to go broke

Mr. Cool Ice · 06-17-2010, 06:47 AM

Quote:

Originally Posted by Marcus Aurelius

LOL

you are going to go broke

No you are going to miss out.

I could sell right now with an already made a profit of 30k. It may drop again after the CEO gets grilled today but it will come back up. It will be a slow and steady growth and within 2 years or less, it will be back where it was.

woj · 06-17-2010, 06:56 AM

Quote:

Originally Posted by Mr. Cool Ice

I bought 10,000 shares at $29.00. Right now it's $32 and raising. It will probably drop a few more times but then its going up up up up away.

You guys are missing the boat.

That's bs dude, chances that you happen to buy at the 52 week low is like one in a million
It's a good stock, worth buying even now at 32, but why bullshit people like that?

Mr. Cool Ice · 06-17-2010, 12:32 PM

Quote:

Originally Posted by woj

That's bs dude, chances that you happen to buy at the 52 week low is like one in a million
It's a good stock, worth buying even now at 32, but why bullshit people like that?

For starters, it was no surprise that it was dropping. I didn't need CNN to tell me that their stock was going to fall.

That's how the game is played dood. This is how I make my money. Been watching BP stock since the DAY the rig exploded. If someone is a serious player in this game they watch everything, this is how to know when to buy and sell. THAT is how the game is played. I watch my picks DAILY, several times a day. I read about 20 different news sources daily as well. That is part of the gig.

Just because I post on a sex board you think it's impossible for me to buy when they were at an all time low? More like because we are on a sex board is why you think in that manner.

TheDoc · 06-17-2010, 12:42 PM

Quote:

Originally Posted by Mr. Cool Ice

Just because I post on a sex board you think it's impossible for me to buy when they were at an all time low? More like because we are on a sex board is why you think in that manner.

It could be that you post on a sex board, or maybe it's because your name is Mr. Cool Ice, or maybe it's because you use Mr. Cool Ice's picture in your avatar, or it could be that you store up seeds and crap because you think the Country is going to fail which makes you crazy.

Just saying... I would guess people have several reasons to think you're bullshitting. Maybe take some pictures of yourself next to your gold and seeds, then people probably wouldn't think it was impossible.

datatank · 06-17-2010, 03:13 PM

Quote:

Originally Posted by Mr. Cool Ice

Imagine a rooms the size of a 2 car garage almost totally filled with 6-gallon storage buckets full of this.

please post a picture of this. Its sounds amazing

BigDeanEvans · 06-17-2010, 04:01 PM

Quote:

Originally Posted by woj

That's bs dude, chances that you happen to buy at the 52 week low is like one in a million
It's a good stock, worth buying even now at 32, but why bullshit people like that?

Yeah, he shot himself in the foot right there. No fucking way he caught it at the low.

When BP is at $10 bucks a share by the end of the summer and this gets bumped, he'll say he dumped it at $31 and made a $20k dollar profit

crazytrini85 · 06-17-2010, 05:33 PM

Quote:

Originally Posted by BigDeanEvans

Yeah, he shot himself in the foot right there. No fucking way he caught it at the low.

My dad picked some up that low. Old bastard won't stop talking about it, but that's how he makes his living.

I don't see what the big deal is. Those who watch the markets around the clock do this sort of thing. You do realize their are online resources that tracks stocks minute by minute don't you?

I read a post from the OP when gold was around 600 and he said it was probably gonna hit 1500. Almost everyone LOLd and now it's pushing 1300. Some people get it, some don't. I'm not one who does but I've watched my dad make insane amounts of money (and lose a lot too). The way he explained it to me is that when you play with large numbers you don't need enormousness fluctuations to make a big profit, or a loss.

crazytrini85 · 06-17-2010, 05:36 PM

Quote:

Originally Posted by BigDeanEvans

When BP is at $10 bucks a share by the end of the summer and this gets bumped, he'll say he dumped it at $31 and made a $20k dollar profit

Again I don't see the problem. If he dumps it and makes 20,000 dollars, whats the deal? Isn't that the idea? Or are you guys so painted into a corner of porn failure and small change that you can't comprehend true success?

Don't understand haters when someone is trying to help them make money. Very strange thing.

bhutocracy · 06-18-2010, 02:04 AM

It's not really that hard to catch a stock on it's 52 week low. Most people following a stock make more than one purchase, so sure you bought on the low, but maybe you averaged down.. And honestly, it's not that hard, especially during a crisis.. I did it at least twice last year thanks to March '09s epic shitness, I did it again a month ago during the Thai crisis.
Also on this occasion 29 is a psychological barrier having just broken 30 into the "20's". It's one of those "$1.99 isn't $2" things. You might think that's silly but when people are selling you very often see incredible depths on the round figures, that might be 2c on a 1.8c share moving up or 20 on an 18 dollar share. People don't like to sell for 29 because it's not $30, conversely they like to buy at 29 because it's not $30. It's only a slight tendency but I can completely believe that someone that might have been holding off buying (or averaging down) through to mid to low 30's would finally hit the trigger on on $29... Also, maybe there was massive and building support at 28/29 and sellers getting thin at 30 and it looked like things were turning around? *shrugs* Finally, you make enough trades and you're going to get lucky. If you've never traded before and you buy one stock at it's yearly low and never buy another again, fine, thats pretty good, but what does your average investor (as opposed to day trader) do a year.. 20-50 trades? A broken clock is right twice a day, if you don't buy on a yearly low at least once every 5 years you're probably not doing enough trades ;)

roly · 06-18-2010, 02:21 AM

the UK share price is currently up 11% on Wednesday's price.

onwebcam · 06-18-2010, 02:23 AM

06-10-2010, 02:22 PM	#52
cykoe6 Confirmed User Industry Role: Join Date: Apr 2005 Location: Vegas Posts: 4,499	BP is a very risky play. Matt Simmons is very smart. If he says BP will declare Chapter 11 then I would short BP. __________________ бабки, шлюхи, сила

06-10-2010, 03:17 PM	#53
Titan Confirmed User Join Date: Jun 2002 Location: teencash.com Posts: 994	Why would they declare chapter 11 if they make 16 billion a year? __________________ TEEN CASH - EXCLUSIVE TEEN NICHE REALITY SITES Check out our Newest Site: Teen Porno Pass - Free Hosted Galleries, Flash Galleries, Tube Content, & Great Support Sample Galleries: Movie Gallery 1 Flash Gallery 1 Pic Gallery 1

06-10-2010, 03:29 PM	#56
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	They will recover from it eventually, all while earning 10%+/year from dividends... risk is substantial, but around 30/share it's a great buy, one of the best money making opportunities I've seen in a while... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

06-10-2010, 04:30 PM	#60
JP-pornshooter Confirmed User Join Date: Sep 2006 Location: westcoast usa Posts: 4,007	words are cheap.. those who have had the balls to follow this advise should show us your trade confirmation(s) __________________ "Obscenity is whatever gives the Judge an erection." -- Author Unknown

06-10-2010, 05:34 PM	#61
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	Catch the falling knife! __________________

06-10-2010, 06:41 PM	#62
EliteWebmaster Confirmed User Join Date: Feb 2010 Posts: 3,975	You are right, but I am waiting for them to bottom up a little more, the stock will dip further and I'm going to wait for the perfect time before investing in their stocks. Rest assured, when it rises, we will make a killing.

06-10-2010, 06:49 PM	#63
dbsscm Registered User Join Date: Apr 2010 Posts: 4	Thanks for the tip. I'll go buy some. __________________ Porno XXX Pussy Sex

06-10-2010, 06:53 PM	#64
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	BP shares (which pay a fat dividend) are a STEAL at these prices. Go buy it, guys. Sure, there's a risk of bankruptcy, that's why the price is so low. __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

06-10-2010, 08:17 PM	#67
mynameisjim Confirmed User Join Date: Aug 2007 Posts: 2,985	Don't forget, BP is liable for a fine of $4300 per barrel released into the ocean. Today it was just admitted that the leak is closer to 40K barrels a day and eventually the true number of 100K barrels a day will be confirmed. At $4300 a barrel, that ads up really quick especially if the leak goes for several more months. I think the impact of these fines is what will push BP over the edge. It could be close to 50 billion in fines alone. BTW, this is why BP has continuously said there is no way to measure the flow and they have no interest in doing so. It's a risky play that could pay off big, the odds are against you on this one I think. But that's how the game works __________________ jim (at) amateursconvert . com Amateurs Convert

06-11-2010, 02:42 AM	#71
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,655	Man, ya'll gonna get cleaned.. Place your bets.. __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.

06-11-2010, 02:59 AM	#73
MrDeiz SignBucksDaily.com Join Date: May 2008 Posts: 9,802	OP, do you keep all that gold or just got some papers that you own it? __________________ Make money with WEBC$MS The only way to still make money in adult

06-11-2010, 04:00 AM	#74
Verbal Confirmed User Join Date: Dec 2001 Location: Tampa, FL Posts: 3,420	When there's blood in the streets ... BUY!

06-11-2010, 06:14 AM	#75
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	Anyone reckon it will dip after the weekend?

06-16-2010, 04:47 PM	#77
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,655	BP Cancels Dividend Payments, Plans to Sell Assets http://www.businessweek.com/news/201...-update1-.html __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.

06-16-2010, 05:08 PM	#79
Fbomb - BANNED FOR LIFE So Fucking Banned Join Date: May 2010 Location: Mexifornia Posts: 970	Anyone who thinks BP is going under is an idiot. Theay are "Too big to Fail".

06-16-2010, 06:01 PM	#80
Coup 🚨 PBBC International 🚨 Industry Role: Join Date: Apr 2010 Location: /👁\ Posts: 9,931	Im buying

06-16-2010, 07:15 PM	#84
faxxaff Confirmed User Industry Role: Join Date: Dec 2002 Location: Marina Hemingway Posts: 2,134	The downside potential is far bigger than the upside. No way BP is going to snap back any time soon. On the upside you would be limited to 20 or 30% as I see it. Puts to the downside of 10$ or so can make you a fortune when the company files for bankruptcy on the other hand. __________________ Asian Babes

06-16-2010, 07:17 PM	#85
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	No thanks. People think this is just another Exxon. Wrong! __________________ Webair Hosting I use and recommend Webair for hosting.

06-16-2010, 07:26 PM	#86
scubadiver626 Confirmed User Join Date: Oct 2006 Posts: 1,034	The book value is $30+ for christ sake, it aint going BKrupt. When fear is at its peak, that's the time to buy. This company is solid, look beyond this one event. I remember seeing 2010 earnings estimates around 20-30 bil., and this escrow will be paid into slowly. Plus they don't plan on paying dividends until 2011. It's trading at a 4 PE atm! It is a falling knife, but daily and hourly technicals have turned. Looking for a big enough bounce to turn the weekly and monthly charts! disclaimer: Bought 1,000 shares at $30.50 last night, stop set at $30.63. At this point, can't lose 8^) Good luck to everyone whos holding long, and I hope everyone who's effected by this gets a fat chunk of that 20 bil. __________________ AsiaMoviePass My Best Rebilling Site

06-17-2010, 06:08 AM	#87
Mr. Cool Ice Confirmed User Industry Role: Join Date: Aug 2006 Posts: 1,289	You guys need to stop watching the media on this. They are not going under. Not gonna happen. Turn off the TV and do your own research on the company and how much money they have and earn every quarter. They print money. If you are only relying on the media for your info, you are only getting a very small percent of what is going on. __________________ One Love NUR COOL UND GEIL

06-17-2010, 06:12 AM	#88
Mr. Cool Ice Confirmed User Industry Role: Join Date: Aug 2006 Posts: 1,289	I bought 10,000 shares at $29.00. Right now it's $32 and raising. It will probably drop a few more times but then its going up up up up away. You guys are missing the boat. __________________ One Love NUR COOL UND GEIL

06-17-2010, 06:23 AM	#89
Marcus Aurelius No Refunds Issued. Industry Role: Join Date: Apr 2003 Posts: 14,809	LOL you are going to go broke

06-18-2010, 02:04 AM	#98
bhutocracy Not making A Comeback Industry Role: Join Date: Dec 2001 Posts: 10,218	It's not really that hard to catch a stock on it's 52 week low. Most people following a stock make more than one purchase, so sure you bought on the low, but maybe you averaged down.. And honestly, it's not that hard, especially during a crisis.. I did it at least twice last year thanks to March '09s epic shitness, I did it again a month ago during the Thai crisis. Also on this occasion 29 is a psychological barrier having just broken 30 into the "20's". It's one of those "$1.99 isn't $2" things. You might think that's silly but when people are selling you very often see incredible depths on the round figures, that might be 2c on a 1.8c share moving up or 20 on an 18 dollar share. People don't like to sell for 29 because it's not $30, conversely they like to buy at 29 because it's not $30. It's only a slight tendency but I can completely believe that someone that might have been holding off buying (or averaging down) through to mid to low 30's would finally hit the trigger on on $29... Also, maybe there was massive and building support at 28/29 and sellers getting thin at 30 and it looked like things were turning around? shrugs Finally, you make enough trades and you're going to get lucky. If you've never traded before and you buy one stock at it's yearly low and never buy another again, fine, thats pretty good, but what does your average investor (as opposed to day trader) do a year.. 20-50 trades? A broken clock is right twice a day, if you don't buy on a yearly low at least once every 5 years you're probably not doing enough trades ;)

06-18-2010, 02:21 AM	#99
roly Confirmed User Join Date: Aug 2002 Posts: 1,844	the UK share price is currently up 11% on Wednesday's price.

06-18-2010, 02:23 AM	#100
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,655	__________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.