Thursday, June 10, 2010

BP: Basically South Carolina's fan base

Like a lot of people I've been watching BP's stock, wondering when it will be time to buy in and go long. I'm beginning to think the answer is never.

Look at this screen capture from BP's Web site, and note the first headline under recent updates:

Congratulations, assholes. You've reached a stratospheric level of not getting it. You're some combination of Kevin Bacon and the guys who started this Facebook page.

Here's the full release, which begins like this:
BP notes the fall in its share price in US trading last night. The company is not aware of any reason which justifies this share price movement.

BP continues to keep the market updated on the Gulf of Mexico oil spill through regular announcements. The response to this incident is our top priority.
New plan. Where do I invest in destroying you?

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