Subject: Re: BP asked to pay $10M for mental health bills. by BillH on 2010/7/8 13:31:15
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TommyT-Bone wrote: Quote:
BillH wrote: Quote:
flyboy wrote: The share price of my BP stock has fallen by over 50% and they have canceled dividends, causing me great emotional distress over my stupidity of not having dumped the stock 8 weeks ago. Where's mine?
Your's, Ha, it will be in the lawyers pocket after their class action lawsuit, just like the lawyers against TYCO did to me.
Good call Bill. Not so good for the investors. I have shares in a top 500 index fund. I still take a hit but it's spread out a little. Sorry for you guys taking a hit. Stocks are a form of gambling in a way. Any company on any given day can jump on a rollercoaster ride. Long term it may come back just fine but it's either cut and run or stay on the roller coaster and hope for the best. One thing I've learned from the past. Diversify, diversify, diversify. I'm still way down from my high but I still have some eggs ln my basket.
Well, mine was in my 401. Working for a fortune 100 company and investing in company stock used to be a fairly smart move. I lost a shitload. On one lawsuit that affected my 401, TYCO settled for over one billion, the lawyers got rich, I lost $30k. Got the settlement letter advising that I could check on the settlement payment online in my 401. I checked, the payment to me was $497.00.
