fair value $125
AT 57.77 -- this is a long term buy. It will be very volatile with BP news but the market no longer looks out 5 or 10 years. So it can trade down to 50 I'm sure. Still worth $90 - $125 long term. So the only winning strategy is to do nothing. No stops... just hold -- for a long time.
Market conditions still bearish... Need to stay mostly cash unless buying super long term positions.
