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Old 06-10-2010, 11:18 AM  
Caligari
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Join Date: Oct 2009
Location: At The Mountains Of Madness
Posts: 5,414
Beyond the idea of buying into something as heinous as BP
here is your simple answer for NOT BUYING BP STOCK---
http://www.energyboom.com/policy/oil...culation-flies
June 9th, 2010
"Shares ended the day on the New York Stock Exchange at $29.20 which is down almost 50% from a share price of $59.48 on April 19th, one day before the disaster began to unfold in the Gulf of Mexico.

The sell-off began earlier today when longtime energy investment banker Mathew Simmons (and author of the must-read book, Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy) predicted in a Fortune Magazine article that,

"they [BP] have about a month before they declare Chapter 11. They're going to run out of cash from lawsuits, cleanup and other expenses."

So go ahead, play the game and burn your money!
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