Buy as much BP stock as you can afford.
 

You laughed at me when I told you to buy as much gold as you could afford back when it was around $600. Well, now I'm giving you another tip.

I don't think it's bottomed out yet but I've already bought a ton of it and will keep buying until it starts to raise again. IT WILL RISE AGAIN!!!

BP is too connected to Washington to go bankrupt (sleazy - check spelling for me) and they will come out on top of this mess. Oil is HUGE profits and no matter what fines or losses they have, it is nothing compared to what they will earn in 6 months.

Laugh it up, but bookmark this thread and come back to it in a year. Lets see who got rich. :thumbsup

Keep it cool, feel the breeze. :2 cents:

you might be onto something
it will go down lower though once they get fines and the charges start being pointed at them...that the time to buy i think

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

Yup. :thumbsup

Not quite, but close enough. :thumbsup

Regarding AIG stock at $1:

Good call. :thumbsup

You have a crystal ball or something?

He just has a brain ;) Buying gold during an economic crisis is the safest bet... sell it all once the market starts to turn around.

All currencies are connected to the US economy... we're the US :P

And as long as BP doesn't do under you stand to make some good cash, I completely agree with Ice :D

I only have enough cash to lease some gold...

There was talk today of an American company buying BP because the shares are so low. So might be a good investment.

Why does no one talk about the American company who owned and operated the drilling rig. And how much are they to blame for the accident?

i said this to my brother about 2 weeks ago, hot hot hot hot tip!!

well i shorted the stock a week before this mess, so im' good :winkwink:

BP is a more known company sticks in people's heads cause they've been buying their gas for years, and they are the ones constantly putting spokespeople and their CEO on the news.

Fuck BP up the ass! DO NOT SUPPORT these douchebags by buying there stock!

which criminal petrol co do you advocate supporting then?

Are you a rapper or something. :1orglaugh

What happens when they bankrupt this Company and open up under a different name?

Has happened many times in the past with oil spills...

When it got to $29 yesterday I thought about putting in the mother load. I'm going to wait though. I want to see more how this will play out.

True, but the American company was responsible for the rig. I wonder how much they had to do with the safety measures on it.

As for BP going down, that will not happen. They make 40 billion profit a year. GBP not $

What the fall in share price and dividends will effect is those with pensions or investments. Americans included.

Hehe, well the dollar didn't really tank and the euro simply came back down from being super inflated.

Everyone was saying buy gold, everyone was saying it would go up... Still so much gold in the world though, on the ground/rivers that people still pan for it, actually has taken off again because the gold price is so high. However because gold is so easy to get - it's value is totally inflated and it will drop again.

AIG was prob a great buy if you had enough to put into it and managed the hell out of it.

incorrect.

i think we all do far enough supporting by buying gas and products made with petroleum which gives these corps record profits by the year. so people want to bolster their insane margins by giving them more money? wow.

amazing how people think "hey i can make some money off this BP stock" when in reality they've been sticking it to you for years! hahaha if you're lucky you might make back a small percentage of the money they have made ripping you off your entire life and destroying the planet in the process.

i concur!

[QUOTE=Mr. Cool Ice;17233894]You laughed at me when I told you to buy as much gold as you could afford back when it was around $600. Well, now I'm giving you another tip.QUOTE]

Having owned a rare coin/gold/silver/jewelry store for decades I told people way back in the late 60's to buy GOLD. Those that listened are very very happy. I personally have over 300 physical ounces now and some of the Rands I bought for as low as $65 per ounce. Latest I bought cost a little over $1100 an ounce. Still think it is a good buy at $1200+ per ounce. And I love the physical 'in hand' ownership - not on paper.

BP stock sounds good but I'm not a paper man. Love the physical ownership of GOLD.

:) :thumbsup :) :thumbsup :)

yeah.

i guess my point is they all embrace fucked up business practices and we are all fuck ups for suckling on big oil's teet.

the point specifically with BP is that thru their own criminal negligence
they are guilty of eco-terrorism.

so in essence if you buy their stock or their gas you are supporting terrorists.

money talks, simple as that... but ya bp might be an awsome buy, if you get in now and they will hold the dividend as it is, you'll b emaking nice money anually

they all are-

Exxon, the company responsible for the Exxon Valdez oil spill of 1989 and, more recently, one of the biggest corporate funders of the movement to tar the science of climate change. Exxon also managed to reduce the $5 billion in punitive damages awarded by an Anchorage jury for the Valdez disaster to $507.5 million; the Valdez fishermen and other victims have still not been made whole. (Fun fact: to protect itself in case the original judgment was affirmed, Exxon got a line of credit from JP Morgan, which the bank then parlayed into the first credit default swap, as recounted in the 2009 book Fool?s Gold by Gillian Tett. These are the exotic financial instruments that helped trigger the Great Recession of 2008?09.)

Or roll into the Texaco or Chevron station (Chevron bought Texaco in 2001). Texaco is being sued by people in Ecuador for contaminating their groundwater, causing hundreds of residents to develop fatal cancers and causing other environmental damage near the Lago Agrio oilfield, where Texaco dumped oil-production waste (18.5 billion gallons into open, unlined pits) for almost 20 years. (For those of you moved by First Amendment issues, Chevron has also gone to court to force filmmaker Joe Berlinger to turn over more than 600 hours of outtake footage he shot for his documentary on the case, titled Crude.) Chevron counters that dumping sludge was standard operating procedure at the time.

Or roll up to the Citgo pumps. Citgo is a wholly owned subsidiary of the state oil company of Venezuela, which is ruled by the always-entertaining (except to political opponents he has silenced) Hugo Chávez. A 2009 fire at Citgo?s refinery in Corpus Christi, Texas, sent toxic fumes into nearby neighborhoods for two days.

Uncomfortable giving your money to a petrodictator? There?s a Shell station up ahead. Too bad Shell has been accused of human-rights violations in Nigeria, through its collaboration with the country?s former military rulers who executed activist Ken Saro-Wiwa and eight others in 1995, committed crimes against humanity, and tortured opponents. (Shell settled the case for $15.5 million last year.) Shell has also been accused of despoiling the Niger Delta through its oil operations there: a ruptured oil pipeline that killed 100 people in 2008; polluted drinking wells; fields and farmland poisoned by leaked oil.

Just said on the telly that China is interested in buying BP.

exactly, so why bolster their bottom line with more money?

I would like to discuss your financial advice but i feel the internet is a tad open , perhaps somewhere like a home type setting we could meet at , lets say your house. Before i come over please turn off any security systems or cameras as it is against my religion.

i am not really known as a savvy investor, so i am not in a position to say. :1orglaugh:1orglaugh:1orglaugh

really stupid question but where do i buy bp stocks, this is something i have never done before.

:1orglaugh :1orglaugh :1orglaugh

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.

The USD is no where near as strong as it used to be. Most debt lenders are slowing down or stopping to lend to the US, which has been propping up the currency for over 2 decades. Also trading oil in USD is shifting to Euro gradually.

The world currency unit is now taking shape as a force to be reckoned with because individual nation currencies are too volatile. Same goes for Euro, upcoming Amero and Asian conglomerate currency to be established in next 3-5 years.

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.:upsidedow

Here is more information about the world currecny unit and how it is set to rival USD, and why the USD is set to
fail, leaving US in massive uber depression
http://www.financialpost.com/story.html?id=3086360

I see you've been watching Michael Moore. I can tell because virtually every word of that sentence
show a different misunderstanding fostered by Moore and his crew.

First, when you buy stock, you aren't "giving them more money", the rare case of a PO being
the exception. Rather, you're giving your money to the person who bought the stock in
previous years, probably as part of their 401K, and is now selling it, such as to pay their bills
now that they are retired. So you're "giving grandma more money".

You're also not affecting their profit margin one bit, since you're not buying anything from
them - you're buying the stock from grandma, who is selling her stock.

What's funny, and what really betrays the fact you've watching too many Michael Moore films,
which he eventually had to admit are "fiction", is your mention of " their insane margins".
The oil industry has one of the lowest profit margins of all industries. DP, specifically, had a
profit margin of 7.6% last period. To put that into terms you can understand, that's the same
as if you sold $100 of memberships and had a $92.40 hosting bill. That's like if your site brought
in $10,000 / month, but after paying for content, hosting, etc. you brought home just $760
for the month. They actually have very low profit margins, and when you add in those years
where they LOSE billions, like BP will this year, it's even slimmer. It's like if you got hacked
every ten years or so and had to pay your customers $1,000,000 because their information
was leaked. Offset against the slim margins in normal years, it's not really a great business.

It is an EXPENSIVE business - they pay $400 million dollars to build a deep sea rig and HOPE
that it will provide $450 million in oil. If, as often happens, it only produces $300 million, they are
out $100 million.

are you truly a believer in the Illuminati therories?

when financial shit hits the fan, the owners of wealth turn to gold and US$.

Profits? where the hell do you get your reality from?
http://uk.reuters.com/article/idUKN3125663520080801
Shall i list one hundred more examples?
Do you not realize that the top corporations on the planet are in OIL??

An expensive business ?? A FUCKING EXPENSIVE BUSINESS??

Where is your head son? Do you not realize what BP has done to the Gulf of Mexico thru their criminal negligence??

Do you need to rationalize everything to make it alright to wave your fucking flag?

Do you realize the cost of what they have just done to the ocean?

This is real damage affecting real people and the ecosystem of the planet!

WAKE THE FUCK UP

Setup an account at any stock brokerage like TD Ameritrade, Etrade, etc, transfer money into the account and buy the symbol BP.

are you kidding? I don't know what theories you think I believe in, but certainly Illuminati conspiracy theories are not among them.

The USD is not as strong as it used to be and this is a common known fact.

Yes, gold is also important, but do you seriously think the world can feasibly transact with gold bullion? The answer is no, plain and simple. It is obviously unwieldy and impractical as a global currency. Who's going to head down the bank with a wheel barrow of gold to buy a new house?

Do I believe that some influential policy makers and big business owners (example: Fed Reserve owners) would like a more centralized command center for global policy and management? Yes, why wouldn't they? It is clear that nation states aren't stable enough to provide the platform for a centralized agenda to manage markets and interest rates in a way that maximizes profits for big business, and big business is run by a smaller number of people year on year. Having that single centralized currency means total dominance over world markets and therefore the predictability to monetize projects that require stability, such as long term oil projects, or restructuring the Middle East after Iran is invaded.