By Stan Awtrey & Joe Taylor
07.01.10, 11:09 AM EST
OK, you've got some money you'd like to invest in the stock market. Maybe you want to make it a straight stock purchase or perhaps you are considering options to buy. You get a phone call one night from Uncle Fred in Miami and he's got a hot stock tip to pass along, one he feels very strongly about.
Uncle Fred has your attention, since his history on picking winners in the stock market is pretty good. You listen to him explain a little more about the candidate he has in mind. Then he tells you that:
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You scratch your head and start to wonder about this stock. Does Uncle Fred really know what he's talking about? Oh, he forgot to tell you one other thing: the company is about to owe billions of dollars in retribution and there's a possibility it may go bankrupt.
The company Uncle Fred is promoting is BP, the gas and oil giant that has created one of the worst environmental disasters in the history of the world. The same BP that has been ham-handed in solving an on-going leak of oil into the Gulf of Mexico, a spill that is threatening the ecosystem and endangering lives and livelihoods of thousands of people in the area.
But given all of the bad things going on with BP, is the company a viable investment worth considering? Some analysts believe that British Petroleum is in a fine place for an investor or a trader to contemplate a trading decision.
Here are some reasons why you might want to consider buying BP, despite its stressful situation:
On the other hand, there are other reasons that would cause you to think twice about investing in BP.
What's the smartest path to take? Such a decision requires a lot of examination and evaluation and no action should be taken without understanding all the possibilities. The best starting point is by obtaining a quality stock market education, such as one offered by BetterTrades. The company has classes designed to teach you how the market operates and how to make smarter decisions when it comes to investing and trading. BetterTrades has free classes available on its website that is accessible to interested visitors each day.
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