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Wild Action In BP And Halliburton

 This afternoon BP plc(NYSE:BP) and Halliburton Co.(NYSE:HAL) have experienced very volatile action. A report was released earlier that stated Halliburton knew that cement used for leak in the BP oil well was not secure. This caused the Halliburton stock to plummet and the BP stock to decline. However, since that time many reports have said that BP signed off on the cement job and is still the party liable. I'm sure this drama is not over by a long shot. BP will have intra-day support around the $40.20 area.