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Flump... stock market talk - Anhil8tor - 06-02-2010

Where do yous see the following priced in 1 year and 3 years

Crude Oil - Opened today at $71.94
Halliburton - $21.98
Schlumberger - $55.19
BP - $37.27

Flump... stock market talk - Flumper Barflusterbutt - 06-02-2010

Crude Oil. 1 year = $70 3 years = $50

Haliburton 1 year = $30 3 years = $35

Schlumberger 1 year = $60 3 years = $70

BP 1 year = $25 3 years $50

Flump... stock market talk - Anhil8tor - 06-02-2010

So all the stocks are safe 3 to 5 year investment.

Flump... stock market talk - Flumper Barflusterbutt - 06-02-2010

Anhil8tor Wrote:So all the stocks are safe 3 to 5 year investment.

Well, all I did was research the past 5 year trends on them. None of them seem to be much for long term investing. The moving average is basically a flat line. They do have volatility within the ranges they trade. So if you got lucky getting in and out at the right time you could make some.

None of them looked like anything that would interest me though.

Flump... stock market talk - Flumper Barflusterbutt - 06-02-2010

obvioiusly BP is going to be a solid long term investment, assuming they survive this little fiasco they are in right now. I think they made about $17 billion profit last year. Assuming they kept most of it and didn't give it out in bonuses, that should cover the cleanup. I think they have spent $1 billion so far on stopping the leak.

I think the pending chance of a lawsuit and the fact that Obama is going to need a sacrificial lamb to try to save some face is going to pull BP down in the short term though. But once past that, then long term they should be right back where they are.

Flump... stock market talk - BIRD33 - 06-02-2010

Lets profit off our neighbors losing their jobs!

Flump... stock market talk - Blondie - 06-03-2010

Flumper, would you pay off your mortgage and lose the write off given the opportunity?

SRO

Flump... stock market talk - Flumper Barflusterbutt - 06-03-2010

Blondie Wrote:Flumper, would you pay off your mortgage and lose the write off given the opportunity?

SRO

I did that several years ago. That's the funny thing about write-offs. Most people just assume they are a great deal without really understanding them.

If you don't have a lot of debt, then your standard deduction is usually enough to cover anything that you could itemize anyway.

And you are really only getting back a little of the interest that you spent paying your loan. You are still money ahead either way by paying off a mortgage and forfeiting the tax writeoff.

So, yes, if you have the cash its better to pay it off and not pay the interest on the loan.

Flump... stock market talk - Anhil8tor - 06-03-2010

BIRD33 Wrote:Lets profit off our neighbors losing their jobs!

Isn't that what the market is about? Fuck me for saving money?

Flump... stock market talk - BIRD33 - 06-03-2010

Anhil8tor Wrote:Isn't that what the market is about? Fuck me for saving money?

I commend you for taking advantage of it.I really do.Its smart.The moral outrage you are feigning while at the same time trying to profit off it is a little off putting though.

Flump... stock market talk - Anhil8tor - 06-03-2010

I'm sure i'm the only one.

Flump... stock market talk - Anhil8tor - 06-04-2010

BP's shares have plunged almost 40 percent since the rig explosion on April 20, erasing nearly $70 billion in value.

Sounds like a great investment!