Quote:
Originally Posted by mikey_the_redneck
It looks like they have completely lost control of the situation.
The Gulf will never be the same.......this could get ugly.
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Anyone down there will tell you that it already is
There is a reason that July Puts have been surging with a huge open interest and the strike price is $12.50 so the market is pricing in a 60% drop in the price of BP (ADR) over the next month. The market knows best....