CNBC ‘clown’ en voormalig Wall Street bankster Jim Cramer heeft het weer eens voor mekaar gekregen om z’n Lightning Round kijkers op te zadelen met stevige verliezen voor zijn BP-tip op 21 mei 2010. Ter info: BP opende op 21 mei 2010 op 43,75 dollar/aandeel. Vanaf 3min40 is het Buy Buy Buy: Vervolgens kwam hij gisteren, -33% lager, met de volgende verklaring op z’n blog – via ZH:

Mesmerized by the Fall of BP By Jim Cramer RealMoney Columnist 6/9/2010 6:56 PM EDT You can’t have one of the largest companies in the world disappear overnight and believe it won’t affect other companies or the market’s psyche. As Doug Kass said late tonight, this was BP’s (BP) last hour, with ETF shenanigans thrown in. At one point today, between $32 and $29, I remarked to a friend that I had never seen a stock unravel in front of my eyes like this one did, with huge value disappearing. Just amazing. Just disappearing. It was frightening. Also, it is clear that if you make the company’s liability unlimited, it might never want to drill again. Who can risk this? Who can risk having a company taken away from its shareholders, as if it were expropriated even when you believe it deserves it? Lots of people are debating right now whether any company in the Gulf of Mexico can finish a project, or even stay in the Gulf. They believe this is Three Mile Island for offshore drilling. My colleague Matt Horween reminds me that the risk-reward has now gotten astronomical for those who drill or already have wells in the Gulf. Watching BP fall and watching Anadarko Petroleum (APC) collapse after actually being up at one point — talk about misdirection — was horrifying to everyone. It was like watching the collapse of every single nuclear-power utility in the 1980s in time-lapsed photography. I know there had been many smart value buyers of BP all the way down. They came on TV. They talked their game. But in the end, they could own, well, nothing. Or what, maybe they make $5? BP is now, to quote the late Richard Nixon, a pitiful helpless giant. And that has everyone and everything spooked. I ask you this: If you follow the market, were you able to take your eyes off BP? I sure couldn’t.

Please, do not try this at home!