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bspm - BSPM revisit

04/08/2011 01:32 PM by avoidthegarbage

After today's allegations on PUDA, I am curious what is actually going on at BSPM. Here were my prior posts mentioning potential flags on balance sheet with BSPM-

http://shortscreen.com...

http://shortscreen.com...

I am not short BSPM, can't short it. If I could I probably would short a little even with it oversold.

Rating:
4

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  • 04/08/2011 11:41 PM by Dave Pinsen

    Nice work this week.

    Rating:
    2
  • 04/09/2011 12:34 AM by avoidthegarbage

    I'll probably be covering BDCO short in the $7s if it drops back there next week, try and get about 10%. I was thinking the nat gas report might have a more negative impact on it and I don't want to be in it with the O&G sector general strength even though they are mostly infrastructure with their gas pipelines. The sustained volume has been something to keep me cautious too on staying short a long time on it.

    I want to short SHZ in the $6s if shares become available so will keep an eye on it with the broker (they don't let me short stuff under $5/share).

    Did cover 2/3 of PUDA though, let the 1/3 ride for a possible halt. I don't want to be locked too much into a position if it is halted and have to wait who knows how long to reopen (like CCME). That piece by Geo if true is pretty scary.

    Rating:
    4
  • 04/09/2011 01:41 AM by Dave Pinsen

    You could buy puts on SHZ, but the ones I looked at looked overpriced.

    Rating:
    0
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