When will it be time to pile into BP shares?

[doodab]

WTF are you talking about? Are you a little slow? Would you like a hand making your next post?

Open shorts, quick in and out, trade, BP.

I assumed you were talking about some petrol station toilet somewhere.

[doodab]

WTF are you talking about? Are you a little slow? Would you like a hand making your next post?

Anyway, my opinion for what it's worth (tulip all TBH) is that those who made the call to short early on are well in the money and they *might* take some of their profits but I suspect they will prefer to wait and see, as there seems to be very little upside. It doesn't seem likely BP are going to announce the cost of the spill has gone down, and they still don't have a plan for actually capping the well.

£3 is a reasonable psychological barrier, and it might float around there for a bit, but it seems more likely the next bit of bad news will see it break through £3 and down to £2.50 or even lower over the next week or two.

[suityou01]

I agree with you.

hurricane season coming up as well

[suityou01]

BP shares fall on oil spill cost funding concerns

Shares in BP have fallen a further 7% amid speculation that the company may have to seek extra funds to pay for its oil spill costs.

In a note to investors trading house Nomura said pressure was growing on the company to "assure sufficient funding" to stop the spill.

Earlier BP said its costs linked to the Gulf of Mexico oil disaster had risen to $2.35bn (£1.57bn).

The total costs, including compensation claims, are expected to be much higher.

[TimberWolf]

310.1

Opening bell coming up. Going to ping one way or another.

Futures showing a slight rise.

What are you going to do with your winnings?

[suityou01]

I'm out. Took 310.8. Too volatile.

Made about £100. Same as Churchills day rate. Maybe treat myself to a curry tonight.

Any chance BP will go bust here? Maybe not such a cash cow.

[NotAllThere]

Found the original thread.

Mods can we merge this thread into the original please?

OK.

[EricCartman]

Looks like once in a decade chance to pile in, !

You missed March and April 2009 every share going then?

[minestrone]

I am going to go in but it will be when they cap the well and there can be no more bad news.

I will not be looking for a bounce but a year long recovery up to close where they were. I will probably go for 10 grand and look to get 10 profit back in one year.

[moorfield]

I am going to go in but it will be when they cap the well and there can be no more bad news.

I have a penchant for buying BP shares at around about £6 a pop, so I'm going to wait a bit longer.