Quote:
Originally Posted by macker
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.... |
C'mon the markets are wrong a lot, and misprice things all the time. I'm not saying that BP won't drop, but don't pile in just because everyone else is either!