Heavy falls on the stock exchange?

[fred]

By the time the US public and press are finished with BP they will be a completely damaged brand IMO..(I dont think they deserve it but that has nothing to do with the share price.
The SP has a lot further to fall..Wish I still had my trading account..I would have opened a short 6 weeks ago and would not be closing any time soon!
Make up for my tragic losses over the last 2 years!

[Pete/London]

By the time the US public and press are finished with BP they will be a completely damaged brand IMO..(I dont think they deserve it but that has nothing to do with the share price.
The SP has a lot further to fall..Wish I still had my trading account..I would have opened a short 6 weeks ago and would not be closing any time soon!
Make up for my tragic losses over the last 2 years!

My friend is holding BP shares and tells me they are paying a 7% dividend. I think the fundamentals will still be there but will probably succumb to a takeover if their share price lowers
further. Rumblings in Russia on their joint gas project is not going to help

Re your tragic losses, did you not use stops?

[fred]

Re your tragic losses, did you not use stops?

My paper losses(still holding) were from long term share holdings on AIM..Mainly Nickel mining companies (some operating in P.I)..Fundamentals are still good except the damned metal prices due to poor demand in China..Most operations here now are on care and maintenance..Ouch.
These days I only invest in my own projects as I feel I can trust the management!!