Canary in the coalmine? BP = British Problems?
Double bottom gone, leak estimates continue to rise taking liability with them. Lastest 35k-60k BOPD, (initially these were 1k BOPD), traders advised not to enter contracts with BP beyond July 2011, financial viability now in question.
I'd be a bull today (have been past week) however I must remember my taxi mate, he's just turned/ing bullish... I'll sell to strength, see the MA cross as a little trap for now.
"jolly green giant called wednesday", page-8
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