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BP's Stock
Posted on 5/5/10 at 11:17 am
Posted on 5/5/10 at 11:17 am
I know it's a money topic but i find it relevant here.
Anyone explain why BP's stock has gone up by like over 2% everyday this week thus far?
Anyone explain why BP's stock has gone up by like over 2% everyday this week thus far?
2
Posted on 5/5/10 at 11:52 am to Chad504boy
cause it went down 12 dollars two weeks ago.
Posted on 5/5/10 at 11:59 am to Hermit Crab
Because it fell initially.
People wait until they think it has bottomed out, buy back in and anticipate it going back up.
The overall cost of this as far as BP's total wealth and revenue is concerned is a drop in the bucket to them.
Posted on 5/5/10 at 3:28 pm to Chad504boy
There is a good thread on the money board about the stock.
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