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rjm77me
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P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : RIG, APC, CAM, oversold or buying opportunity or watch from side line?

Date April 30, 2010  Edited: April 30, 2010    Comments Comments (10)    Rate this post Recommend This Post (91)   
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All these companies are tied to the oil RIG blow out.
If you can tolerate short term loss - All these companies may be worth a look.

THESE COMPANIES COMBINED TOGATHER LOST ABOUT 38 BILLION IN MARKET CAP IN LAST 5 DAYS.
Each RIG cost less than 1 Billion. The major cost will be clean up and swarm of lawyers who are raising a toast with their new found work.

I had hard time finding info
The best info I found was on Market Watch Liability blowout
Link below
http://www.marketwatch.com/story/liability-blowout-rattles-bp-2010-04-30?siteid=yhoof

I will be buying some of these companies for long term
These are on my buy watch
Please do your own home work before buying or selling any stock or options.

THIS SITE IS FOR BIRDS - I WAS ADING LOT OF INFO AND IT SAYS SIGN BACK IN AND WIPED ALL THE ADDITIONAL INFO. DO NOT HAVE TIME TO WRITE AGAIN. SOME ONE SHOULD WRITE TO OUR FRIENDS AT P & P
Tags : RIG   APC   BP   CAM   XOM  

10 Comment(s):

Author rjm77me     Date May 2, 2010 13:37 Abuse this post Report Abuse
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Barrons this week publication explains the issue / good info
Author Ktoyou     Date May 3, 2010 11:01 Abuse this post Report Abuse
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I am in the GULF and it is a mess here. Tremendous amound of media involvement.
Author JoeJustJoe     Date May 3, 2010 11:10 Abuse this post Report Abuse
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I imagine thur's a tremendous amount of Mexicali "illegal immigrants" moving in for the cleanup operations too...huh? Gotta luv the way the U.S. govmint does bidness...no? :-) 3J
Author Ktoyou     Date May 3, 2010 11:17 Abuse this post Report Abuse
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Double tankers are popular right now instead of single's.
Author Ktoyou     Date May 3, 2010 11:18 Abuse this post Report Abuse
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DHT but it is not active on this site
Author Ktoyou     Date May 3, 2010 11:20 Abuse this post Report Abuse
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Try TOO and TNK but I would watch for now.
Author JoeJustJoe     Date May 3, 2010 12:20  Edited: May 3, 2010 by rjm77me Abuse this post Report Abuse
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3J
Author JoeJustJoe     Date May 3, 2010 14:15  Edited: May 3, 2010 by rjm77me Abuse this post Report Abuse
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3J
Author rjm77me     Date May 4, 2010 14:54 Abuse this post Report Abuse
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These stocks are showing some support at todays price levels.
Safer way is to wait for a three days and than buy - You may pay higher price than today. It will be safer trade. Daring folks may already have bought at a lower price. They can stick with their trade in my views.
My opion is that some of the buying is from folks who sold short hand over fist. They have concluded that easy money shorting is done for now.
Author rjm77me     Date May 5, 2010 15:39 Abuse this post Report Abuse
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This link is great for info
http://www.thestreet.com/story/10739277/1/oil-spill-in-pictures-gulf-of-mexico-impact.html
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