I own 18,500 shs of Pfe. I do this stock investing for a living.
I am always amazed, esp. on a day like today. how all the junk or second clas stocks, C, MU, F , BAC, TSO,GE that have no earnings or maybe a buck a share or may have earnings in a yr or two going out and sell so much higher than a stock like PFE with $2.50 per share earnings now and then there are the dividends. Do not get me started there.
Oh well I continue to trade in and out of Pfe and believe in time this market, as irrational as it is, will right itself.
I am 69 and doing this for about 35 years. Of course, PFE will have its day but right now the market sees little, if any, growth. The reason the GE's and BAC's are on a roll is because the market sees growth potential.
I bought this dog two years ago. At the time I believed it was oversold. I was wrong.
I had expected a total return of about 8% at that time but all I have is the divy and that was cut.
I will hold my shares but I fully understand there will be very little growth in the immediate future.
Reality is what it is and markets are efficient. I have learned to live with that.
Listen, if you do it for living, then obviously you should realize that option traders are trying to peg the price to $17 on Friday expiration. I am only mad at myself that I did not guess it right this time again when I had an opportunity to unload 250 April 17 calls for my full position and some. Well, as I said before, - it is a pure gamble and those moth!@#$%^&*ers got me again.
Also, if you are doing it for living, can u tell me, if there a service which will allow retail investor to gauge short selling real time. Also, is it possible to see the break down of daily trading by the WS outfits involved in it?
Do not know of any. I would ask your trading Co such as Fidelity, that I use, and they would know for sure.
I respnse to options. I have watched for 11yrs now the holding of stocks near a strike. But today stocks are ignoring it for the irrational buying I see in so much over rated junk. I think PFE is being sold for the momentum plays.