Bp?

[Andy & JoAnne]

Don't get me wrong, the Gulf oil spill is absolutely terrible. I hate to see that they haven't found a way to permanently cap that well. For those of you that play in the stock market, it is reported on CNN Money that other big oil companies are thinking takeover since BP stock has dropped nearly 50% in 3 months. The article is here.

http://money.cnn.com/2010/07/01/news/companies/bp_merger_talk/index.htm

I am not for sure which way this stock is going go but takeovers often mean a substantial shift one way or the other. The stock rose today on that news.

Take a look here also

http://www.dailyfinance.com/earnings/bp-p-l-c/bp/nys/analyst-recommendations

Analyst recommends buy but I seen a few others that think it could be like buying a house while its on fire. The only thing for sure is that its risky.

Thoughts

[jdmidwest]

Not to make it political, but since the government is running the debt collection, they will probably end up shredding the company as the stock you buy today is concerned before it is over. I would think it is highly risky, much like GM stock when it dropped a few years back. It ended up being worthless, the company reorganized and new stocks were created under a new company name.

[KCRIVERRAT]

Mutuals, mutuals, mutuals... long term, long term, long term.

[Andy & JoAnne]

Up over $7.00 since bought at $29.34 Shorting this comes to mind.

[Phil Lilley]

Up to $38.

We've bought and sold BP several times and made 2-5% each time. We have a few shares right now- will sell at 39.15 - may be today.