A Safer Bounce Play

By -

With the exception of those who bought on June 9th, virtually everyone who purchased BP in the past seven years is in the red on their position right now. Today's nearly 8% drop shows how treacherous this beast can be.

I find RIG to be a much safer "post-spill" play, with a stop at 44.04; I acquired a fairly large long position on this earlier today.

0614-rig