Too Rig To Fail?

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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

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