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Thoughts on starting a position in BP now...

Posted on 2/20/13 at 12:57 pm
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 2/20/13 at 12:57 pm
Any thoughts on this? It is currently at $41.13.

I plan on holding for a long time.

I think the civil trials start February 25th, so would starting a position now be considered a gamble? Should I wait til they wrap up? Should I not invest in them at all.
This post was edited on 2/20/13 at 12:57 pm
Posted by LSUcam
Destin FL
Member since Dec 2011
381 posts
Posted on 2/20/13 at 1:05 pm to
Your talking about trying to make money on the most hated public company on the Gulfcoast. I doubt your going to find too much enthusiasm about the stock. At least from my end anyways.
Posted by rmc
Truth or Consequences
Member since Sep 2004
26554 posts
Posted on 2/20/13 at 1:10 pm to
Back after it plummted initially, that was obviously the time to get in. I think most civil liability has to be priced in at this point right? I mean, there may be some movement with the results or day to day revelations of the trial, but I think most people have to think this trial probably won't be great for BP.
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