Quote:
Originally Posted by Titan
The best time to buy stock is when EVERYONE is telling you not to. If randoms start telling you to short stock you should buy buy buy. Stock prices are always based on the future. BP's future losses are already built into today's stock price. If you think BP will lose less than 80 Billion dollars on this spill you should buy. Now China and a bunch of other people are saying to buy which means it already may be too late. I just checked the stock price and its up 11% today. Should have bought yesterday like I did.
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Consider after seeing stock tips on an adult webmaster forum, to short or dump all positions on this ticker. Contrarian investing. People move in herds. Herds have known to fail big time in financial markets. Crowd behaves much differently than an individual who might be rational thinker. Stock prices move because of what the majority of people think. If people think BP's future losses are already built into the price, then the prices will reflect this sentiment, not the company's true value or risks.
Don't forget this
stock has split 4 fucking times already....you can't just look at the graph and say it's dipping...you have to remember the share you buy today is still lot expensive than 10 years ago.
As for risk....just fuck it, if they really were in trouble, you wouldn't know or have any contacts to get the insider information....so it's a gamble.
Who's getting ready to load up on Euros ?