Too Rig To Fail?

For a minute there, BP shares looked as though the blown gasket in the Gulf would be a non-event.  Shareholders had plenty of time to sell but apparently many of them chose not to…at first.

Maoxian has a great chart up illustrating the delayed reaction, seen below:

In this day and age of breaking news being discounted into a stock price in nanoseconds, the BP thing is an anomaly.  I suppose there wasn’t enough information out there as far as how bad things could get. 

Source:

Slow To Discount Disaster (Maoxian)

Tags:  $RIG, $BP

What's been said:

Discussions found on the web
  1. sex commented on Sep 18

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2010/05/28/too-rig-to-fail/ […]

  2. eatverts.com commented on Sep 21

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2010/05/28/too-rig-to-fail/ […]

  3. pinewswire commented on Sep 22

    … [Trackback]

    […] There you will find 76872 more Information to that Topic: thereformedbroker.com/2010/05/28/too-rig-to-fail/ […]