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Old 07-19-2010, 10:23 AM   #3
JohnnyD
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Join Date: May 2008
Location: Mansfield, MA
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Quote:
Originally Posted by Back Beach View Post
With the above in mind, do you buy the stock or maybe some call options to capitalize or is it simply unethical to do so?
I've been wrestling with buying BP. Not because of the ethics, but because of the volatility. When this well gets plugged for good, the stock will probably jump and you might be able to make a quick 4-6%. On the other hand, when news coverage shifts from killing the well to the billions of dollars in lawsuits that BP is facing, I can see a plummet in price.

Then there is always the speculation that BP gets purchased which would pay off big time.
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