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Is anyone looking at jumping on the BP stock? Currently at $30.96....
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I saw BP when it got down in the high 20's, I care not to touch that right now.. a bit too risky day to day. Long term though it looks like it would pay off nicely.
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Yeah, I spoke with a friend yesterday...he feels it will drop significantly again. I plan to buy in as much as I can if it gets to the low 20s.
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I wouldn't be so quick to jump on BP
Friend currently holds $900k worth of a short from $31.48, and has already made a good 300k on BP since the oil spill began.
Looking for it to break 29's tomorrow....will probably sink some more.

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