I spend most of my investing energy focused on long-term, tax-advantaged investment options. But I can’t help but be curious about potential quick money makers like this one…
BP stock has lost about 50% of it’s value over the last 3 months. The Deepwater Horizon explosion and subsequent oil spill have sent the stock on a downward spiral. However, with the recent discussions and agreements with the US Government, the stock seems to have stabilized around $30, with some people saying that BP is now a buy.
What’s your take? Are their any active traders out there that are taking a calculated risk with BP stock? If so, I’d love to hear your analysis in the comments below.
Links from Last Week…
5 Ways to Calm Your Fears when Investing
Celebrity Net Worth Roundup
5 Retirement Moves for New Graduates
Different Ways of Investing Your Money
Are EFTs Bad for Investors?
Is it Better to Buy or Rent? [Infographic]