Widening My Distance from BP

Two weeks ago, I made a brief post stating that I pulled out of BP and was going to stay clear (at least on the long side) because I had some pretty good indicators that told me shares were headed for a new low, below the $29 dollar mark.  /article_details-567.html

On Friday shares fell just below $27. 

Other than a possible short-term bounce (which I would not try to play if I were you), I expect shares to continue further.