Chart Abbreviations:

3BC: 3 Black Crows; 3WS: 3 White Soldiers; BeC: Bear Channel; BeE: Bearish Engulfing; BTC: Buy To Close; BTO: Buy To Open; BuC: Bull Channel; BuE: Bullish Engulfing; DCC: Dark Cloud Cover; EnP: Entry Point; ExP: Exit Point; FW: Falling Wedge; HL: Higher Low; HH: Higher High; HM: Hanging Man; IR: Island Reversal; LBB: Lower Bollinger Band; LL: Lower Low; LH: Lower High; LPP: Lock Profit Point; MBB: Middle Bollinger Band; NABOP: Not A Bottom Out Pattern; NATOP: Not A Top Out Pattern; R: Resistance Line; RW: Rising Wedge; S: Support Line; SLO: Stop limit Order; SMO: Stop Market Order; STC: Sell To Close; STO: Sell To Open; T: Target; TSO: Trailing Stop Order; UBB: upper Bollinger Band;

Saturday, July 17, 2010

BP

OK, I haven't post here for a long time...

Was busy teaching and trading... forgot this corner....

From here on I will share some of my thoughts on hot topics on the market once a while... of course, they are my own thoughts... not suppose to use use as a trading tip....

OK, BP plugged the leak hole on the earth?

First is a question: Is this for sure? the leak won't come out elsewhere under ground?

Second : If, if assume that this hole is 100% plugged.... then, great! I think there are tens of thousands lawyers are lining up outside of the BP, waiting for give BP a bill to cover the cost of the this damage....

So, how big that bill might end up with? How long the whole process might last?

How much the common shares might worth after BP pays out the final bill?

Think about it....
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