Wednesday, May 5, 2010

Recommendation: Long BP Based on impending fix of Oil Leak

Since the blowout preventer is going to be fixed very soon thanks to this man's work, I'm recommending a strong buy of BP.

Fuermann said his desire to use meditation to activate the blowout preventer -- and his belief that visualization could actually work -- is rooted in his own life experiences and in a global movement called the Intention Experiment.

"I'm very known for fixing things and making things work," Fuermann said, adding that he believes his meditation helped fix a friend's Flip video camera. "I visualize things working and hold the belief that they actually work."

Dwayne Bourgoyne, a deep-water mining expert at the Colorado School of Mines, said Tuesday that he has "never heard of such an attempt to stop an oil spill or any other kind of mechanical failure." But he also conceded that while he is familiar with the known law of physics he is "unfamiliar with the telekinetic potential of meditation."
- Boulder Daily Camera, May 4, 2010
I love how the reporter got him to concede that all he knows about are "the law of physics."


mark said...
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Mike said...

Great to have this man on the case. Apparently we should post a "psychic" engineer on every at-risk oil rig.

Anonymous said...

how do you feel about going long on BP now? it's sitting at about $29/share, a 40% drop since you recommended it. i'm thinking now would be a good time to buy -- things look like they can't get any worse for BP, which is probably a good sign.

MM said...

I'm holding onto BP. The only reason to do so if for the dividend because the share price is so stable 9unless they have an, er oil leak. Hmm).
I'll keep them for the dividend. Although it's been slashed, there's no way it's going to stay cut long term. They need to reinstall confidence back to the shareholders so as soon as things improve (and they will) the dividend should be reinstated.

The ANALyst said...

Bought BP at $27 sold at $38.43. Looking back, I probably should have held on - still made a decent gain.

For those who still own BP, I would recommend holding on to the stock for the moment.

Wednesday, May 5, 2010