There’s no predicting how high this squeeze will go, although a doubling off June’s $27 low should probably suffice to extinguish whatever temptation may have existed in this world at one time to short the stock.  Paradoxically, one cannot help believing that BP shares are destined to fall below $5 — w-a-a-a-y below — if one ponders Matt Simmons’ version of the story.  He thinks the riser cap is just a stall tactic and that BP will eventually face tort liability for destroying the Gulf of Mexico and probably much more. Click on the link above and you may even find yourself agreeing with me that, most unfortunately, he still does not sound quite like a whack-job.