08-09-2010, 10:06 AM
I wish I had bought it too but summer months always sap my checkbook and I didn't really have the extra cash for it. It's still a buy. Any costs involved with the spill will be paid for within a year's worth of profits. (they made 6 billion last quarter). I wish I read The Big Short a couple months ago, as I wouldve bought a ton of LEAPs (now I know that they exist) on BP. What's the chance of BP going to $50 or $60 in the next two years? Highly likely.
Honestly Im not sure I will ever buy straight stocks again after that book. It's all about the "shenanigan products." I'm just not sure what I'll have access to buy as a schmuck day-trader.
Honestly Im not sure I will ever buy straight stocks again after that book. It's all about the "shenanigan products." I'm just not sure what I'll have access to buy as a schmuck day-trader.