Quote:
Originally Posted by mountainmiester
Paul's point seems to me to be the most likely. They are very well posed for a hostile takeover at the moment and even if things did get worse for them, I don't see them ever going away completely, they will just be acquired.
|
Very unlikely. Who would want to purchase a totally damaged brand? It's only interesting to buy if it gets very cheap .... 5 or 10 bucks or so. Then there is significant upside potential. At 27$ the downside risk is far bigger than the upside potential.
Technically, the chart is broken and the selling pressure remains very strong as pension funds gave up on BP.