The industrials as a whole are getting clobbered. Look at the Autos and all the other manufacturers. I think this Market as a whole is going down and it's just a matter of time. I have my eye on this stock but it has to stabilize first.
Capitulation already occurred at $20. But agree $10 is coming and those that bought at $15/$16 will sell as it continues to falls below $10. the commodity sector is in a free fall. my opinion
That's where I figure Crammer will say sell and then I cover. I will clear over 90 points on this short against Crammer trade.
Sentiment: Strong Sell
It has already effected JOY to a great degree. Look at the chart. At this point, the long term upside potential outweighs the near term downside risk.
So what is your short position? You must be short a ton if you believe that. Post it, so we can marvel at your brilliance 6 months from now.
FXC has massive debt compared to JOY as well. Hey, timeforacrash has been correct so far, but stocks overshoot their lows all the time. I could see this falling near $10 but that would be a great deal. I have been writing call options since my first purchase at $19 and have my basis at ~$18 so I'm not in great shape on this, but I do not see this as being the same thing as a minor with huge leverage.
FCX is losing money, JOY is still making a lot of money, big difference in these 2 companies.
so much for the insider buy theory. they are getting trounced like everyone else. next insider buys will probably range inn the $12-$15's then everyone may thinks that is a good sign. not I. my opinion
I like how the spelling of professor,was spelled peo -fessor.I haven't watched Cramer in months.I can't follow his "basic's".But I'm still watching JOY and would
like to own again.I feel correction has been in sectors,and with total market correction,bargains will be sweeter.So I.m dragging my heels on buying Targets.
lower lows. too much trouble in this sector. who knows where the bottom will form. all I know is that it has not stopped so far. my opinion
the trend says lower perhaps to $10 but holding at this level could be a mistake for those that think there is value here. remember some thought the teens was out of the question and here we are. my opinion
I saw that the long PUT options popped up on the OCT 15's...sooo...I decided that many are betting for a quick, further erosion....sooo...I opted not to pull the trigger this morning...But I REALLY do want some shares...I think it's priced quite low now...whatever...I should get some soon, I'd imagine...good luck
Down big but still a very profitbale company, I would think GE, or someone else would show interest at current levels?
I'm a value investor...numbers look decent...good dividend / low payout ratio / good current ratio / not too much debt / decent foreward pe...way below book value. I'm not gonna argue that the commodity supercycle is still alive...probably not...but this 'dog' seems overly whacked...and this latest downgrade with a $14 target seems too low, unless we have a recession...maybe we will in 2016-17? ...but I'm probably gonna get a tad just to keep it on my screen...and cost avg it if it drops 10% from there...whatever...just a tad (and maybe some POT too...buy when the sector is crushed...just as if it's in a recession...& those offshore drillers like NE/ESV/RDC/ATW also look overly whacked...but those shouldn't go bk...and eventually, the sector will shake out...couple years....so, I'm looking at those too...i.e. WHAT PEOPLE HATE / PAIN....