BP Stock Set To Increase?

As many others have said, I don't think BP will go bankrupt but playing them for a short term gain is out of the question in my opinion. The investor adage, "Buy when there's blood in the street" is true but be prepared to hold on to that investment for the wild ride ahead for quite some time.

So many other good buys in the market right now... TJX, AAPL, ABT.
 


JKirk said:
As many others have said, I don't think BP will go bankrupt but playing them for a short term gain is out of the question in my opinion. The investor adage, "Buy when there's blood in the street" is true but be prepared to hold on to that investment for the wild ride ahead for quite some time.

So many other good buys in the market right now... TJX, AAPL, ABT.
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Im not financial guru but I think there are just waaaayyy too many uncertainties to justify any major bets right now. I think that shit will get much worse before it gets better but Im not shorting...yet. We dont know how hard FL will be hit (but it's damn near guaranteed to happen) and we have no idea how bad the financial consequences will be for BP but we can be sure it will be really fucking bad. Once we get a better idea of how hard Obama can and will nail BP's ass to the wall then I'll make a move.
Im going to wait for a while before buying BP as I think it may get down into the low 20's before too long. Once it gets down there I think it's a great buy no matter what because, as others have said, it's worth far more alive than dead and it's core business is extremely sound so I think even if they get completely ass-fucked with fines/lawsuits that they will be able to borrow enough to stay afloat and ride out the storm.
 
i predict it will rise 10-15% soon. this will be a good time to get in and SHORT it!!! i say it goes down - down - down.
 
I think it's a good point to get in on one of the most profitable giants in the world. If BP were a country it'd be in the top 30 wealthiest.

However, if it cuts dividends its going to fall some more. Yesterday it was 29 today I think 33, I've been watching it.

I'll probably end up buying here within the next couple days and holding for at least a year.
 
S M W said:
i predict it will rise 10-15% soon. this will be a good time to get in and SHORT it!!! i say it goes down - down - down.
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Haha, if you have the balls to short BP right now I will tip my hat to you but that's definitely a better move than going in right now for the long-term buy strategy. As soon as we have a bad market day, "Mr. Market" will be taking out his anger on this stock just as he graced it today when it was going up.
 
I feel that the markets have definitly over reacted. Before the spill, BP had a market cap as high as 220 Billion Dollars. Right now the their market Cap is 100 Billion. Even if it will cost BP $10 Billion in the long run (law suits, clean-up, ect.) they should not be valued at a whopping $118 Billion Dollars less from pre oil spill.

The question is when does it go back up. I say if you are going to play this, buy share incrementally, lets say if you are going to throw 20k into this. Buy 5k worth right now. 5k more if it drops another 10-15% and so on. If you only buy 5k-10k worth and the price never went low enough to get all your bones in, i say thats a good problem to have. my 2 cents
 
I've been thinking about getting my hands on some shares too after seeing the drop. As the 4th largest company in the world I don't see them going anywhere but who knows how much lower its going to go? I think buying in affected markets as someone mentioned - like sea food (approx. 40% of our sea food is supposed to come from the Gulf) might be the safer bet. That shit is gone for the next 20+ years.
 
A big thanks for all the replies and information, especially FTC Hater for providing those videos on investing. I'm about to finish watching them.

I was going to invest in BP this morning on a gut feeling that after the big sell off, people would pick up shares for a short term gain, but decided with my lack of investment knowledge it would just be a gamble. So I didn't go ahead and pull the trigger. I don't regret it because it really could have gone either way.

Now, I'm thinking that the share price will definitely decrease after they most likely cut their dividends, so I'll probably get a margin account and short it in the short term, and then pick up some cheap shares for the long term later on.

As for investing in seafood companies operating outside of the gulf, I'll have to do more research. If anyone has any companies they think would do well (other than MakeMonies Fishery) I'd be grateful to hear about them. I'll probably also put some money into RIG too as soon as the speculation starts to die down.

Really, after selling my soul to the almighty acai berry I don't see any ethical problem with investing in BP now.:bowdown:
 
affiliate marketing is one thing... when someone clicks on something and is convinced to sign up, the most that anyone might lose is a few dollars.

but guys... BP has committed a serious atrocity. over the past 3 years they've had over 700 safety violations while the other oil companies had under 10. the rig that exploded killed 11 people and now it's spilling into the ocean and destroying not only sea life but the economy and people's lives in that part of the world. fishermen can't fish, thus they can't sell fish and shrimp, thus they can't make money to support their families and way of life. their families, guys... the oil is moving up the east coast now and is going to affect the whole eastern United States, and this isn't "the sky is falling", this is really happening..

and you guys want to invest??

talk about evil...
 
transient said:
affiliate marketing is one thing... when someone clicks on something and is convinced to sign up, the most that anyone might lose is a few dollars.

but guys... BP has committed a serious atrocity. over the past 3 years they've had over 700 safety violations while the other oil companies had under 10. the rig that exploded killed 11 people and now it's spilling into the ocean and destroying not only sea life but the economy and people's lives in that part of the world. fishermen can't fish, thus they can't sell fish and shrimp, thus they can't make money to support their families and way of life. their families, guys... the oil is moving up the east coast now and is going to affect the whole eastern United States, and this isn't "the sky is falling", this is really happening..

and you guys want to invest??

talk about evil...
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Well if they end up going bankrupt who's going to pay for the whole cleanup process, pay people who've lost their jobs and all that jazz? But of course, I'll take what you said into consideration, maybe I'll just short them. I hope the top level executives get in trouble, but I also don't want to see the company as a whole collapse (think about how many jobs they provide to people).
 
Might be lucrative but yeah I'm going to stick to the 'save the sea horsies' boat on this one. Pardon my morals... We need oil and investing in demise+unrest is just really cool.

INVEST!

*They won't go bankrupt we all know that. Who's to say it's not on purpose (ooooh tinfoil..). Clean up is inevitable - at a cost, you break you buy. However this looks like a huge snake oil sale that all snake oil salesman knew/know will kill it one way or another. Guess I'm not cutout for some of these money flips on these levels, fuck me. (say's the guy with clickbank offers lol).
 
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