Why?
Because its beat up! Beat up more than it should. Its trading right now between 27.5 and 29.00 This is a nice point to get in, the bad news is out, the bad press is still going to be bad but we are counter trend traders as with Toyota after the bad brake issue the stock moved up.
With BP in this range I wouldn’t be shocked if you see a 50% gainer.
Have I ever steered you wrong, from Toyota, to short the market at 11100 to KATX we’ve been killing the picks. They are few and far between but we only want winners.
Good Luck.
