If you are an investor and interested in long term gains; NOW is the time to start a position in JOY with a $17 stop loss and add additional shares should the stock recover past 22 and then set up for long term investment (over 24 months). The stop loss will protect you against another round of panic selling - which could still cause harm to this stock. The bottom is here or very very near. If it falls below $17 you are protected and can then take another position at the lower price once bottoming finally settles out.
What exactly are you whining about? Employment has increased, and the unemployment rate has decreased since 2009. The price of fossil fuels, like coal, natural gas, and oil, has decreased dramatically because there is an oversupply of those resources. That's how free markets are supposed to work. Prices can go up and they can go down, too.
I wouldn't buy any mining share right now. I think the boom of mining is over. Don't expect to recover for dacades. Joy is well managed company but the best of the company is over. It's not that something they did wrong. That's how commodity works. I would rather buy end product of mining activities such as steel and aluminum.
I bought a little JOYG back when it was $17.50,rode it up to $69,got nervous and sold.I,m looking
to buy in again. JOY is a good company,good products. Miners cap. expenses are being slashed
in this climate,But sooner or later equipment gets replaced. I 'm taking a bath on FCX,and will
dollar average down.I still believe inflation will return,and these resource/miners/equipment
mfgr will be robust. I think we're having a correction by sectors.stuce
taking a shot at this one today here as it went below that 18.50 area and will see where it goes on short rope.
I bought at $18.15 last week. The divy is good and the risk/reward ratio looks great down here if looking out a few years.
Careful .... I hope you mean buying the puts. I called the $25 target... next stop: $19 by end of September. This is one ugly dog with no real fundamentals that are going to help them in the short run. maybe even bankruptcy in 2016-17. All their major customers are bankrupt (or on the brink), they have a 1.1 B good will to write off (China IMM Bad purchase), increasing inventory w/o sales support, negative cash flow trending, and no reserve for all the bad debt to come from A/R write-downs (again, BR customers).
Their only hope is if the leadership grows a pair to close 1/2 the plants and cut at lease 30% of the staff.... or some other sucker buys them up.
Sentiment: Strong Sell
I'm looking at the 10 min chart and shorts started covering and someones bargain shopping....this is what capitulation looks like..buy at 18 sell at 20...not a bad day potentially
Zacks is a fraud, Son.
sell means buy. Now run along, Men are working here.
These funds don't care about what they get for JOY. They just don't want us posters to know they own it. Quarter end is when they ALL sell out.
AUM is how fund managers make money. They can't buy stocks to punch themselves out of a paper bag.
CBI went way low. And Peofessor Cramer bad mouthed it. Even after it went from $32. to over 50.00
Lol...after it's dropped from 45 to 17 in 4 months...little late on the short potentially...lol..it's going to bounce first potentially..risk vs reward at this point is not in your favor...smart money covering and looking to short higher...